Brookfield Co. (NYSE:BN) Shares Bought by Eldred Rock Partners LLC

Eldred Rock Partners LLC increased its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 10.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 298,035 shares of the company's stock after buying an additional 27,495 shares during the quarter. Brookfield accounts for about 4.8% of Eldred Rock Partners LLC's investment portfolio, making the stock its 2nd largest position. Eldred Rock Partners LLC's holdings in Brookfield were worth $15,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. NBC Securities Inc. raised its position in Brookfield by 99,810.5% in the 1st quarter. NBC Securities Inc. now owns 18,983 shares of the company's stock valued at $994,000 after purchasing an additional 18,964 shares during the last quarter. Baker Tilly Wealth Management LLC raised its position in Brookfield by 4.8% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 14,109 shares of the company's stock valued at $739,000 after purchasing an additional 642 shares during the last quarter. Ervin Investment Management LLC raised its position in Brookfield by 1.2% in the 1st quarter. Ervin Investment Management LLC now owns 163,425 shares of the company's stock valued at $8,565,000 after purchasing an additional 1,995 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in Brookfield by 10.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,460 shares of the company's stock valued at $234,000 after purchasing an additional 423 shares during the last quarter. Finally, Asset Management Advisors LLC raised its position in Brookfield by 1.6% in the 1st quarter. Asset Management Advisors LLC now owns 228,963 shares of the company's stock valued at $12,000,000 after purchasing an additional 3,690 shares during the last quarter. Institutional investors own 61.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. TD Securities cut their price objective on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Morgan Stanley restated an "overweight" rating on shares of Brookfield in a research report on Monday, May 19th. Scotiabank dropped their target price on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research report on Monday, April 7th. Wall Street Zen downgraded Brookfield from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Finally, JPMorgan Chase & Co. dropped their target price on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.

Brookfield Trading Up 0.5%

NYSE:BN traded up $0.29 on Thursday, reaching $58.19. The company's stock had a trading volume of 492,655 shares, compared to its average volume of 2,704,257. Brookfield Co. has a 1-year low of $39.97 and a 1-year high of $62.78. The business's 50-day moving average price is $53.79 and its two-hundred day moving average price is $56.20. The firm has a market cap of $95.87 billion, a PE ratio of 193.97 and a beta of 1.66. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.21.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.08. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Equities research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.62%. Brookfield's dividend payout ratio (DPR) is currently 128.57%.

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.