Brookfield Co. (NYSE:BN) is Triasima Portfolio Management inc.’s 3rd Largest Position

Triasima Portfolio Management inc. boosted its holdings in shares of Brookfield Co. (NYSE:BN) by 35.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,199,250 shares of the company’s stock after purchasing an additional 313,436 shares during the quarter. Brookfield makes up approximately 4.6% of Triasima Portfolio Management inc.’s holdings, making the stock its 3rd largest holding. Triasima Portfolio Management inc. owned about 0.07% of Brookfield worth $49,856,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Connectus Wealth LLC increased its stake in shares of Brookfield by 1,049.1% in the fourth quarter. Connectus Wealth LLC now owns 610,911 shares of the company’s stock worth $25,000 after buying an additional 557,749 shares during the last quarter. Fortis Group Advisors LLC grew its holdings in Brookfield by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock worth $27,000 after acquiring an additional 337 shares in the last quarter. Blue Trust Inc. increased its position 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 acquired a new stake in shares of Brookfield in the 2nd quarter valued at about $31,000. Finally, Family Firm Inc. bought a new position in shares of Brookfield during the second quarter worth about $36,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 400,000 shares of the business’s stock in a transaction on 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 transaction, the director now owns 10,779,668 shares in the company, valued at approximately $128,278,049.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.00% of the stock is owned by insiders.

Analyst Ratings Changes

BN has been the subject of several research analyst reports. Keefe, Bruyette & Woods boosted 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. Scotiabank boosted their price target on Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a report on Friday, August 9th. TD Securities raised their price objective on 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 shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. 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.com, Brookfield currently has an average rating of “Moderate Buy” and an average target price of $50.84.

Brookfield Stock Performance

BN stock traded down $1.03 during mid-day trading on Friday, reaching $46.13. The company had a trading volume of 2,916,731 shares, compared to its average volume of 3,102,887. The stock’s 50-day simple moving average is $46.19 and its two-hundred day simple moving average is $43.28. The stock has a market capitalization of $75.82 billion, a P/E ratio of 75.62 and a beta of 1.53. 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 Co. has a one year low of $28.84 and a one year high of $50.46.

Brookfield (NYSE:BN) last issued its quarterly earnings data 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 firm had revenue of $23.05 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the firm posted $0.75 EPS. Brookfield’s quarterly revenue was down 2.6% compared to the same quarter last year. Research analysts anticipate that Brookfield Co. will post 3.84 EPS for the current year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 12th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is 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.