Cardinal Capital Management Inc. Has $115.72 Million Stake in Brookfield Co. (NYSE:BN)

Cardinal Capital Management Inc. cut its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,210,174 shares of the company's stock after selling 60,145 shares during the period. Brookfield accounts for 3.9% of Cardinal Capital Management Inc.'s portfolio, making the stock its 8th biggest position. Cardinal Capital Management Inc. owned approximately 0.13% of Brookfield worth $115,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BN. Farther Finance Advisors LLC raised its stake in Brookfield by 53.0% in the first quarter. Farther Finance Advisors LLC now owns 5,135 shares of the company's stock worth $276,000 after buying an additional 1,778 shares in the last quarter. Portside Wealth Group LLC grew its holdings in shares of Brookfield by 8.8% during the 1st quarter. Portside Wealth Group LLC now owns 18,049 shares of the company's stock worth $946,000 after acquiring an additional 1,465 shares during the period. Miracle Mile Advisors LLC raised its position in shares of Brookfield by 12.5% in the 1st quarter. Miracle Mile Advisors LLC now owns 9,686 shares of the company's stock worth $508,000 after acquiring an additional 1,079 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Brookfield by 5.1% in the 1st quarter. UMB Bank n.a. now owns 6,015 shares of the company's stock valued at $315,000 after purchasing an additional 294 shares during the period. Finally, Gateway Investment Advisers LLC boosted its position in shares of Brookfield by 17.2% during the first quarter. Gateway Investment Advisers LLC now owns 120,453 shares of the company's stock valued at $6,313,000 after purchasing an additional 17,649 shares in the last quarter. Institutional investors own 61.60% of the company's stock.

Brookfield Stock Up 1.2%

NYSE:BN traded up $0.72 on Wednesday, reaching $59.80. 258,338 shares of the stock traded hands, compared to its average volume of 2,681,261. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $98.52 billion, a price-to-earnings ratio of 199.31 and a beta of 1.66. Brookfield Co. has a 12 month low of $39.97 and a 12 month high of $62.78. The company's fifty day simple moving average is $54.26 and its 200 day simple moving average is $56.24.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate 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 net margin of 0.75% and a return on equity of 3.93%. Equities analysts predict that Brookfield Co. will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Friday, June 13th. Brookfield's payout ratio is currently 128.57%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BN. JPMorgan Chase & Co. decreased their price objective on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Scotiabank lowered their price target on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research report on Monday, April 7th. TD Securities dropped their price objective on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Morgan Stanley reaffirmed an "overweight" rating on shares of Brookfield in a research note on Monday, May 19th. Finally, Wall Street Zen raised Brookfield from a "sell" rating to a "hold" rating in a research report on Sunday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.