Brookfield Co. (NYSE:BN) Shares Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lessened its stake in Brookfield Co. (NYSE:BN) by 42.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 337,720 shares of the company’s stock after selling 250,000 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Brookfield were worth $17,950,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BN. Blue Trust Inc. grew its stake in shares of Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after acquiring an additional 272 shares in the last quarter. Kings Path Partners LLC acquired a new position in shares of Brookfield in the second quarter worth $31,000. Family Firm Inc. acquired a new position in shares of Brookfield in the second quarter worth $36,000. Nisa Investment Advisors LLC grew its stake in shares of Brookfield by 63.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock worth $48,000 after acquiring an additional 450 shares in the last quarter. Finally, Pittenger & Anderson Inc. grew its stake in shares of Brookfield by 100.3% in the first quarter. Pittenger & Anderson Inc. now owns 1,238 shares of the company’s stock worth $52,000 after acquiring an additional 620 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on BN shares. BMO Capital Markets boosted their price target on shares of Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Keefe, Bruyette & Woods boosted their price target on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. lifted their price objective on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. TD Securities lifted their price objective on shares of Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Royal Bank of Canada decreased their price objective on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and a consensus price target of $51.59.

Brookfield Price Performance

Shares of BN opened at $54.28 on Friday. Brookfield Co. has a 1-year low of $28.84 and a 1-year high of $56.83. The stock has a market cap of $89.22 billion, a PE ratio of 88.98 and a beta of 1.54. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03. The firm has a fifty day moving average price of $51.05 and a 200 day moving average price of $45.88.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.57. Brookfield had a net margin of 1.13% and a return on equity of 3.67%. The firm had revenue of $23.05 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the company earned $0.75 earnings per share. Brookfield’s quarterly revenue was down 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Brookfield Co. will post 3.84 EPS for the current year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 12th were given a $0.08 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.59%. Brookfield’s dividend payout ratio (DPR) is presently 52.46%.

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.