Obermeyer Wood Investment Counsel Lllp Invests $217,000 in Brookfield Co. (NYSE:BN)

Obermeyer Wood Investment Counsel Lllp acquired a new stake in Brookfield Co. (NYSE:BN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,229 shares of the company’s stock, valued at approximately $217,000.

A number of other hedge funds also recently added to or reduced their stakes in BN. Blue Trust Inc. increased its holdings in shares of Brookfield by 62.8% in the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after acquiring an additional 272 shares during the period. Mckinley Capital Management LLC raised its holdings in Brookfield by 0.9% in the first quarter. Mckinley Capital Management LLC now owns 32,649 shares of the company’s stock worth $1,367,000 after purchasing an additional 283 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Brookfield by 4.5% during the first quarter. Checchi Capital Advisers LLC now owns 6,622 shares of the company’s stock valued at $277,000 after buying an additional 288 shares during the last quarter. Rosenberg Matthew Hamilton raised its stake in shares of Brookfield by 20.6% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,734 shares of the company’s stock worth $71,000 after acquiring an additional 296 shares in the last quarter. Finally, Pembroke Management LTD lifted its position in Brookfield by 4.4% during the first quarter. Pembroke Management LTD now owns 7,339 shares of the company’s stock valued at $307,000 after acquiring an additional 310 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Price Performance

Brookfield stock opened at $50.28 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 1.39. The company has a 50-day moving average price of $45.55 and a 200 day moving average price of $43.04. Brookfield Co. has a 12-month low of $28.84 and a 12-month high of $50.46. The stock has a market cap of $82.64 billion, a P/E ratio of 82.43 and a beta of 1.52.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.35 earnings per share (EPS) for the quarter, topping 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 business had revenue of $23.05 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the firm earned $0.75 EPS. The business’s revenue was down 2.6% compared to the same quarter last year. Sell-side analysts anticipate that Brookfield Co. will post 3.84 earnings per share for the current year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 12th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, September 12th. Brookfield’s dividend payout ratio is currently 52.46%.

Insider Activity

In other news, Director Ocm Growth Holdings Llc sold 400,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $11.90, for a total transaction of $4,760,000.00. Following the sale, the director now owns 10,779,668 shares of the company’s stock, valued at approximately $128,278,049.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 11.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on BN shares. Keefe, Bruyette & Woods increased their price objective on Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Friday, August 9th. TD Securities boosted their price target on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. 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. Scotiabank raised their price target on shares of Brookfield from $50.50 to $51.25 and gave the stock a “sector outperform” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their price target on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.84.

Brookfield Company 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.