NBC Securities Inc. Increases Holdings in Brookfield Co. (NYSE:BN)

NBC Securities Inc. lifted its stake in Brookfield Co. (NYSE:BN - Free Report) by 99,810.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,983 shares of the company's stock after purchasing an additional 18,964 shares during the quarter. NBC Securities Inc.'s holdings in Brookfield were worth $994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Baker Tilly Wealth Management LLC raised its position in shares of Brookfield by 4.8% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 14,109 shares of the company's stock worth $739,000 after purchasing an additional 642 shares during the last quarter. Ervin Investment Management LLC increased its holdings in Brookfield by 1.2% in the 1st quarter. Ervin Investment Management LLC now owns 163,425 shares of the company's stock worth $8,565,000 after buying an additional 1,995 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Brookfield by 10.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,460 shares of the company's stock worth $234,000 after buying an additional 423 shares in the last quarter. Asset Management Advisors LLC increased its holdings in Brookfield by 1.6% in the 1st quarter. Asset Management Advisors LLC now owns 228,963 shares of the company's stock worth $12,000,000 after buying an additional 3,690 shares in the last quarter. Finally, Pacifica Partners Inc. increased its holdings in Brookfield by 8.1% in the 1st quarter. Pacifica Partners Inc. now owns 106,732 shares of the company's stock worth $5,369,000 after buying an additional 7,961 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Stock Performance

Shares of Brookfield stock traded up $0.16 during trading hours on Thursday, reaching $58.06. 1,022,094 shares of the stock traded hands, compared to its average volume of 2,706,264. The company has a 50 day moving average price of $53.79 and a 200 day moving average price of $56.20. The firm has a market capitalization of $95.66 billion, a price-to-earnings ratio of 193.55 and a beta of 1.66. Brookfield Co. has a one year low of $39.97 and a one year high of $62.78. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 1.40.

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

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.62%. Brookfield's dividend payout ratio (DPR) is presently 128.57%.

Analyst Ratings Changes

Several equities research analysts recently commented on BN shares. Wall Street Zen downgraded Brookfield from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. TD Securities reduced their price objective on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a report on Monday, May 5th. Morgan Stanley reiterated an "overweight" rating on shares of Brookfield in a report on Monday, May 19th. CIBC reduced their price objective on Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a report on Friday, May 9th. Finally, Scotiabank cut their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $63.00.

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.