Leavell Investment Management Inc. grew its holdings in Brookfield Co. (NYSE:BN - Free Report) by 373.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,118 shares of the company's stock after purchasing an additional 27,696 shares during the quarter. Leavell Investment Management Inc.'s holdings in Brookfield were worth $1,867,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Brookfield in the second quarter valued at $128,321,000. M&G Plc acquired a new position in Brookfield in the first quarter valued at about $111,222,000. Capital World Investors increased its position in shares of Brookfield by 5.1% during the first quarter. Capital World Investors now owns 51,922,031 shares of the company's stock valued at $2,173,923,000 after acquiring an additional 2,497,509 shares during the last quarter. Wulff Hansen & CO. raised its stake in shares of Brookfield by 4,054.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company's stock valued at $64,076,000 after acquiring an additional 1,505,372 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Brookfield by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 57,480,308 shares of the company's stock worth $2,406,700,000 after purchasing an additional 1,063,110 shares during the period. 61.60% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on BN shares. Royal Bank of Canada lowered their price target on Brookfield from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. Scotiabank lifted their target price on Brookfield from $51.25 to $65.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. BMO Capital Markets increased their price target on shares of Brookfield from $48.00 to $50.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 11th. Keefe, Bruyette & Woods lifted their price objective on shares of Brookfield from $44.00 to $46.00 and gave the company a "market perform" rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Brookfield from $49.00 to $52.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Brookfield currently has an average rating of "Moderate Buy" and a consensus target price of $53.31.
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NYSE BN opened at $57.09 on Friday. Brookfield Co. has a 52 week low of $31.43 and a 52 week high of $57.78. The firm has a 50 day moving average of $52.47 and a two-hundred day moving average of $47.11. The stock has a market capitalization of $93.99 billion, a PE ratio of 98.43 and a beta of 1.53. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 1.39.
Brookfield (NYSE:BN - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $1.35 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 firm had revenue of $23.05 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The company's revenue was down 2.6% compared to the same quarter last year. As a group, research analysts expect that Brookfield Co. will post 3.81 EPS for the current fiscal year.
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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