Capital Advisors Inc. OK Has $41.21 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Capital Advisors Inc. OK grew its stake in Brookfield Co. (NYSE:BN) by 2.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 775,293 shares of the company’s stock after purchasing an additional 19,063 shares during the quarter. Capital Advisors Inc. OK’s holdings in Brookfield were worth $41,207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Brookfield during the 2nd quarter worth about $128,321,000. M&G Plc acquired a new position in Brookfield during the first quarter valued at approximately $111,222,000. Capital World Investors increased its stake in Brookfield by 5.1% in the first quarter. Capital World Investors now owns 51,922,031 shares of the company’s stock valued at $2,173,923,000 after purchasing an additional 2,497,509 shares in the last quarter. Wulff Hansen & CO. raised its holdings in Brookfield by 4,054.0% in the second quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company’s stock worth $64,076,000 after purchasing an additional 1,505,372 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Brookfield by 1.9% during the first quarter. Vanguard Group Inc. now owns 57,480,308 shares of the company’s stock worth $2,406,700,000 after purchasing an additional 1,063,110 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Price Performance

NYSE:BN opened at $53.15 on Friday. Brookfield Co. has a 52-week low of $31.05 and a 52-week high of $56.83. The company has a market cap of $87.50 billion, a P/E ratio of 91.64 and a beta of 1.54. 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’s 50-day simple moving average is $51.82 and its 200 day simple moving average is $46.46.

Brookfield (NYSE:BN) last posted its quarterly earnings results 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. The firm had revenue of $23.05 billion for the quarter, compared to analyst estimates of $1.24 billion. Brookfield had a return on equity of 3.67% and a net margin of 1.13%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 EPS. As a group, sell-side analysts forecast that Brookfield Co. will post 3.81 EPS for the current fiscal year.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 12th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Thursday, September 12th. Brookfield’s dividend payout ratio is currently 55.17%.

Analyst Ratings Changes

BN has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. lifted their price objective on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods raised their target price on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. TD Securities increased their price objective on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Royal Bank of Canada cut their price objective 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.