Brookfield Co. (NYSE:BN) Shares Purchased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. grew its position in shares of Brookfield Co. (NYSE:BN) by 35.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,199,250 shares of the company’s stock after purchasing an additional 313,436 shares during the quarter. Brookfield accounts for 4.6% of Triasima Portfolio Management inc.’s portfolio, making the stock its 3rd largest position. Triasima Portfolio Management inc.’s holdings in Brookfield were worth $49,856,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Connectus Wealth LLC grew its holdings in Brookfield by 1,049.1% during the fourth quarter. Connectus Wealth LLC now owns 610,911 shares of the company’s stock worth $25,000 after acquiring an additional 557,749 shares during the period. Fortis Group Advisors LLC boosted its position in shares of Brookfield by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock valued at $27,000 after purchasing an additional 337 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Brookfield by 62.8% in the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock worth $30,000 after purchasing an additional 272 shares during the last quarter. Kings Path Partners LLC bought a new stake in shares of Brookfield in the 2nd quarter worth approximately $31,000. Finally, Family Firm Inc. acquired a new stake in Brookfield during the second quarter valued at approximately $36,000. Institutional investors own 61.60% of the company’s stock.

Insider Buying and Selling at Brookfield

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 completion of the sale, the director now directly owns 10,779,668 shares of the company’s stock, valued at approximately $128,278,049.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on BN shares. Royal Bank of Canada decreased their price target on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. lifted their target price on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods upped their target price on Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Friday, August 9th. Scotiabank lifted their price target on Brookfield from $50.50 to $51.25 and gave the stock a “sector outperform” rating in a research note on Friday, August 9th. Finally, TD Securities upped their price objective on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $50.84.

Brookfield Stock Down 2.2 %

NYSE BN traded down $1.03 during trading on Friday, reaching $46.13. 2,916,731 shares of the company’s stock were exchanged, compared to its average volume of 3,102,887. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 1.39. Brookfield Co. has a fifty-two week low of $28.84 and a fifty-two week high of $50.46. The company’s fifty day simple moving average is $46.19 and its 200-day simple moving average is $43.28. The firm has a market capitalization of $75.82 billion, a PE ratio of 75.62 and a beta of 1.53.

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

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 12th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.69%. Brookfield’s payout ratio is 52.46%.

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.