Brookfield Co. (NYSE:BN) Position Increased by Radnor Capital Management LLC

Radnor Capital Management LLC raised its holdings in shares of Brookfield Co. (NYSE:BN) by 4.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 36,783 shares of the company’s stock after purchasing an additional 1,518 shares during the quarter. Radnor Capital Management LLC’s holdings in Brookfield were worth $1,955,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BN. Blue Trust Inc. boosted its holdings in Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after buying an additional 272 shares in the last quarter. Kings Path Partners LLC acquired a new position in Brookfield in the 2nd quarter valued at approximately $31,000. Family Firm Inc. acquired a new position in shares of Brookfield in the second quarter worth $36,000. Nisa Investment Advisors LLC grew its stake in Brookfield by 63.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock valued at $48,000 after purchasing an additional 450 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in Brookfield in the second quarter valued at about $56,000. 61.60% of the stock is currently owned by institutional investors.

Brookfield Price Performance

NYSE BN opened at $55.75 on Wednesday. Brookfield Co. has a twelve month low of $31.43 and a twelve month high of $56.83. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20. The stock has a market capitalization of $91.78 billion, a PE ratio of 96.12 and a beta of 1.53. The stock has a 50-day simple moving average of $51.91 and a 200 day simple moving average of $46.67.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.57. Brookfield had a return on equity of 3.67% and a net margin of 1.13%. The business had revenue of $23.05 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. The firm’s revenue was down 2.6% compared to the same quarter last year. Research analysts anticipate that Brookfield Co. will post 3.81 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 12th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.57%. Brookfield’s dividend payout ratio is presently 55.17%.

Analysts Set New Price Targets

A number of research analysts have commented on BN shares. TD Securities boosted their target price on Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, August 12th. BMO Capital Markets boosted their target price on Brookfield from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Royal Bank of Canada lowered their target price on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Keefe, Bruyette & Woods upped their price target on Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their price target on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.31.

About Brookfield

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.