Brookfield Co. (NYSE:BN) is Callahan Advisors LLC’s 9th Largest Position

Callahan Advisors LLC cut its position in shares of Brookfield Co. (NYSE:BN) by 0.0% in the third quarter, Holdings Channel.com reports. The firm owned 475,004 shares of the company’s stock after selling 200 shares during the quarter. Brookfield comprises approximately 2.5% of Callahan Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Callahan Advisors LLC’s holdings in Brookfield were worth $25,246,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in Brookfield by 62.8% in the 2nd quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after buying an additional 272 shares during the period. Kings Path Partners LLC bought a new stake in shares of Brookfield in the 2nd quarter valued at about $31,000. Family Firm Inc. bought a new stake in shares of Brookfield in the 2nd quarter valued at about $36,000. Nisa Investment Advisors LLC raised its holdings in shares of Brookfield by 63.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock valued at $48,000 after purchasing an additional 450 shares in the last quarter. Finally, Asset Dedication LLC bought a new stake in shares of Brookfield in the 2nd quarter valued at about $56,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BN has been the subject of several recent analyst reports. Scotiabank boosted their price objective on shares of Brookfield from $51.25 to $65.00 and gave the stock an “outperform” rating in a research note 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 report on Wednesday, September 11th. Keefe, Bruyette & Woods upped their price objective on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their target price on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada cut their price objective on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and a consensus target price of $53.31.

Brookfield Stock Up 3.5 %

Shares of NYSE:BN opened at $55.75 on Wednesday. The firm’s 50 day moving average price is $51.91 and its 200 day moving average price is $46.67. The stock has a market cap of $91.78 billion, a price-to-earnings ratio of 96.05 and a beta of 1.53. Brookfield Co. has a fifty-two week low of $31.43 and a fifty-two week high of $56.83. 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 released its quarterly earnings data on Thursday, August 8th. The company reported $1.35 earnings per share 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 company had revenue of $23.05 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, equities research analysts predict that Brookfield Co. will post 3.81 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 12th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.57%. Brookfield’s payout ratio is 55.17%.

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.