4,078 Shares in Brookfield Co. (NYSE:BN) Bought by NorthRock Partners LLC

NorthRock Partners LLC bought a new stake in Brookfield Co. (NYSE:BN) during the third quarter, HoldingsChannel reports. The fund bought 4,078 shares of the company’s stock, valued at approximately $217,000.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of Brookfield by 62.8% during the 2nd 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 last quarter. Kings Path Partners LLC purchased a new stake in Brookfield in the second quarter worth approximately $31,000. Family Firm Inc. bought a new position in Brookfield during the second quarter valued at approximately $36,000. Nisa Investment Advisors LLC raised its stake in shares of Brookfield by 63.5% during 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, Asset Dedication LLC bought a new stake in shares of Brookfield in the 2nd quarter worth approximately $56,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on BN shares. TD Securities lifted their target price 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. JPMorgan Chase & Co. boosted their target price on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Royal Bank of Canada dropped their target price on Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, August 9th. BMO Capital Markets lifted their price target on Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, 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 research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.31.

Brookfield Price Performance

Shares of BN stock opened at $56.97 on Thursday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a market cap of $93.79 billion, a P/E ratio of 98.23 and a beta of 1.53. The business’s 50 day moving average price is $52.03 and its 200-day moving average price is $46.79. Brookfield Co. has a fifty-two week low of $31.43 and a fifty-two week high of $57.42.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, equities research analysts anticipate that Brookfield Co. will post 3.81 earnings per share for the current year.

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.