Nicholas Hoffman & Company LLC. Purchases 257 Shares of Brookfield Co. (NYSE:BN)

Nicholas Hoffman & Company LLC. boosted its position in shares of Brookfield Co. (NYSE:BN) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,781 shares of the company’s stock after buying an additional 257 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Brookfield were worth $282,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Mckinley Capital Management LLC increased its holdings in shares of Brookfield by 0.9% in the first quarter. Mckinley Capital Management LLC now owns 32,649 shares of the company’s stock valued at $1,367,000 after purchasing an additional 283 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in Brookfield by 4.5% during the first quarter. Checchi Capital Advisers LLC now owns 6,622 shares of the company’s stock worth $277,000 after acquiring an additional 288 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in Brookfield by 20.6% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company’s stock valued at $71,000 after buying an additional 296 shares in the last quarter. Finally, Pembroke Management LTD increased its position in Brookfield by 4.4% during the first quarter. Pembroke Management LTD now owns 7,339 shares of the company’s stock worth $307,000 after acquiring an additional 310 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Trading Down 0.7 %

Shares of Brookfield stock opened at $47.15 on Friday. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $50.46. The stock has a fifty day moving average price of $46.10 and a 200-day moving average price of $43.22. The firm has a market cap of $77.50 billion, a PE ratio of 77.30 and a beta of 1.52. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.57. The company had revenue of $23.05 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. Brookfield’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. Equities research analysts anticipate that Brookfield Co. will post 3.84 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 12th will be given a $0.08 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.68%. Brookfield’s dividend payout ratio (DPR) is presently 52.46%.

Insider Activity at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 400,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $11.90, for a total value of $4,760,000.00. Following the transaction, the director now directly owns 10,779,668 shares in the company, valued at approximately $128,278,049.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Scotiabank increased their price target on shares of Brookfield from $50.50 to $51.25 and gave the stock a “sector outperform” rating in a research report on Friday, August 9th. Royal Bank of Canada dropped their price target on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. TD Securities lifted their target price on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, August 12th. JPMorgan Chase & Co. raised their target price on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.84.

Brookfield Profile

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.