Triangle Securities Wealth Management Has $5.01 Million Holdings in Brookfield Co. (NYSE:BN)

Triangle Securities Wealth Management boosted its position in Brookfield Co. (NYSE:BN - Free Report) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,604 shares of the company's stock after buying an additional 5,467 shares during the quarter. Brookfield makes up about 1.3% of Triangle Securities Wealth Management's holdings, making the stock its 20th biggest position. Triangle Securities Wealth Management's holdings in Brookfield were worth $5,011,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Fulton Bank N.A. bought a new stake in shares of Brookfield in the 1st quarter worth approximately $202,000. ST Germain D J Co. Inc. bought a new stake in shares of Brookfield during the first quarter worth $28,000. Merit Financial Group LLC bought a new position in shares of Brookfield in the first quarter valued at about $229,000. Eldred Rock Partners LLC lifted its position in Brookfield by 10.2% during the 1st quarter. Eldred Rock Partners LLC now owns 298,035 shares of the company's stock worth $15,557,000 after buying an additional 27,495 shares in the last quarter. Finally, NBC Securities Inc. grew its holdings in Brookfield by 99,810.5% during the 1st quarter. NBC Securities Inc. now owns 18,983 shares of the company's stock worth $994,000 after acquiring an additional 18,964 shares during the last quarter. Institutional investors own 61.60% of the company's stock.

Brookfield Stock Performance

Shares of BN traded up $0.16 during midday trading on Thursday, reaching $58.06. 1,022,094 shares of the stock were exchanged, compared to its average volume of 2,706,264. Brookfield Co. has a twelve month low of $39.97 and a twelve month 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. The stock's 50 day simple moving average is $53.79 and its 200 day simple moving average is $56.20. The company has a market cap of $95.66 billion, a P/E ratio of 193.55 and a beta of 1.66.

Brookfield (NYSE:BN - Get Free Report) last released its earnings results 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 firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. On average, sell-side analysts expect that Brookfield Co. will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.36 annualized dividend and a yield of 0.62%. Brookfield's dividend payout ratio is presently 128.57%.

Wall Street Analyst Weigh In

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

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.