Mraz Amerine & Associates Inc. Acquires 11,226 Shares of Brookfield Co. (NYSE:BN)

Mraz Amerine & Associates Inc. lifted its holdings in Brookfield Co. (NYSE:BN) by 6.3% during the 3rd quarter, Holdings Channel reports. The fund owned 188,080 shares of the company’s stock after acquiring an additional 11,226 shares during the quarter. Brookfield makes up approximately 1.8% of Mraz Amerine & Associates Inc.’s portfolio, making the stock its 10th biggest position. Mraz Amerine & Associates Inc.’s holdings in Brookfield were worth $9,996,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BN. Kathleen S. Wright Associates Inc. boosted its holdings in shares of Brookfield by 1.6% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 85,794 shares of the company’s stock worth $3,526,000 after acquiring an additional 1,321 shares in the last quarter. Diversified Trust Co acquired a new position in Brookfield during the 1st quarter worth $222,000. Dixon Mitchell Investment Counsel Inc. lifted its holdings in Brookfield by 1.1% during the 1st quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,732,196 shares of the company’s stock worth $72,552,000 after buying an additional 19,434 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Brookfield during the 1st quarter worth $208,000. Finally, Trust Co. of Oklahoma lifted its holdings in Brookfield by 20.8% during the 1st quarter. Trust Co. of Oklahoma now owns 6,100 shares of the company’s stock worth $255,000 after buying an additional 1,050 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Trading Up 0.4 %

Shares of BN stock opened at $54.28 on Friday. Brookfield Co. has a 12-month low of $28.84 and a 12-month high of $56.83. The firm has a 50 day moving average price of $51.05 and a two-hundred day moving average price of $45.88. The company has a market capitalization of $89.22 billion, a PE ratio of 88.98 and a beta of 1.54. 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) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.57. The business had revenue of $23.05 billion for 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 firm posted $0.75 earnings per share. As a group, analysts predict that Brookfield Co. will post 3.84 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 12th were given a $0.08 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.59%. Brookfield’s dividend payout ratio is currently 52.46%.

Analysts Set New Price Targets

Several research analysts have issued reports on BN shares. JPMorgan Chase & Co. upped their price objective on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. BMO Capital Markets upped their price objective on Brookfield from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Keefe, Bruyette & Woods upped their price objective on Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. TD Securities upped their target price on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Scotiabank upped their target price on shares of Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and a consensus price target of $51.59.

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.