Sequoia Financial Advisors LLC Has $41.26 Million Stock Position in Brookfield Co. (NYSE:BN)

Sequoia Financial Advisors LLC boosted its holdings in shares of Brookfield Co. (NYSE:BN) by 4,149.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 776,346 shares of the company’s stock after acquiring an additional 758,076 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Brookfield were worth $41,263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. raised its position in shares of Brookfield by 62.8% in the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after purchasing an additional 272 shares during the period. Kings Path Partners LLC acquired a new stake in Brookfield during the second quarter worth approximately $31,000. Family Firm Inc. bought a new stake in shares of Brookfield during the second quarter worth approximately $36,000. Salem Investment Counselors Inc. acquired a new position in shares of Brookfield in the first quarter valued at approximately $42,000. Finally, GAMMA Investing LLC grew its position in shares of Brookfield by 161.8% in the first quarter. GAMMA Investing LLC now owns 1,047 shares of the company’s stock valued at $44,000 after purchasing an additional 647 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

BN has been the subject of several analyst reports. 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 note on Monday, August 12th. Royal Bank of Canada lowered their target price on Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Keefe, Bruyette & Woods raised 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. BMO Capital Markets boosted their target price on shares of Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. increased 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Brookfield has a consensus rating of “Moderate Buy” and an average target price of $51.59.

Brookfield Stock Down 1.7 %

Shares of BN stock traded down $0.92 on Tuesday, reaching $54.47. 602,808 shares of the company were exchanged, compared to its average volume of 2,886,599. The company has a 50-day moving average of $50.57 and a 200-day moving average of $45.67. The company has a market cap of $89.53 billion, a price-to-earnings ratio of 89.38 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. Brookfield Co. has a one year low of $28.84 and a one year high of $56.83.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $0.78 by $0.57. Brookfield had a return on equity of 3.67% and a net margin of 1.13%. 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 company posted $0.75 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. Analysts anticipate that Brookfield Co. will post 3.84 earnings per share for the current year.

Brookfield Dividend Announcement

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