Blue Zone Wealth Advisors LLC raised its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 8.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 158,486 shares of the company's stock after buying an additional 12,989 shares during the period. Brookfield comprises 2.3% of Blue Zone Wealth Advisors LLC's portfolio, making the stock its 8th largest holding. Blue Zone Wealth Advisors LLC's holdings in Brookfield were worth $8,306,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in BN. Strategic Wealth Partners Ltd. grew its stake in shares of Brookfield by 1.7% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 10,229 shares of the company's stock valued at $618,000 after acquiring an additional 170 shares during the period. Haverford Trust Co boosted its position in shares of Brookfield by 4.7% in the fourth quarter. Haverford Trust Co now owns 4,308 shares of the company's stock worth $247,000 after purchasing an additional 192 shares during the period. Orion Portfolio Solutions LLC increased its stake in shares of Brookfield by 1.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock worth $955,000 after purchasing an additional 197 shares in the last quarter. Pittenger & Anderson Inc. raised its position in shares of Brookfield by 14.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,563 shares of the company's stock valued at $90,000 after purchasing an additional 203 shares during the period. Finally, Citizens Financial Group Inc. RI lifted its stake in shares of Brookfield by 5.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock valued at $250,000 after buying an additional 240 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
BN has been the subject of a number of analyst reports. 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. TD Securities dropped their price objective on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Wall Street Zen raised Brookfield from a "sell" rating to a "hold" rating in a research note on Sunday. JPMorgan Chase & Co. dropped their price target on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, CIBC cut their price objective on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Brookfield presently has a consensus rating of "Moderate Buy" and an average price target of $63.00.
Get Our Latest Research Report on BN
Brookfield Price Performance
Shares of NYSE BN traded up $0.51 during midday trading on Tuesday, reaching $59.10. 5,125,716 shares of the stock traded hands, compared to its average volume of 2,690,688. The company's 50 day moving average is $54.26 and its 200 day moving average is $56.24. Brookfield Co. has a one year low of $39.97 and a one year high of $62.78. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.21 and a quick ratio of 1.09. The stock has a market capitalization of $97.36 billion, a PE ratio of 196.99 and a beta of 1.66.
Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.90 by $0.08. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. On average, equities research analysts anticipate that Brookfield Co. will post 3.85 earnings per share for the current year.
Brookfield Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield's dividend payout ratio is currently 128.57%.
Brookfield Company Profile
(
Free Report)
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.
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