Brookfield Co. (NYSE:BN) is Mcdonald Capital Investors Inc. CA’s 6th Largest Position

Mcdonald Capital Investors Inc. CA decreased its position in shares of Brookfield Co. (NYSE:BN) by 2.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,045,138 shares of the company’s stock after selling 55,257 shares during the period. Brookfield accounts for approximately 6.7% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 6th largest holding. Mcdonald Capital Investors Inc. CA owned approximately 0.12% of Brookfield worth $108,699,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Brookfield in the 2nd quarter valued at about $128,321,000. M&G Plc purchased a new stake in Brookfield in the first quarter valued at approximately $111,222,000. Capital World Investors grew its holdings in Brookfield by 5.1% in the first quarter. Capital World Investors now owns 51,922,031 shares of the company’s stock valued at $2,173,923,000 after purchasing an additional 2,497,509 shares during the period. Wulff Hansen & CO. increased its position in Brookfield by 4,054.0% during the second quarter. Wulff Hansen & CO. now owns 1,542,505 shares of the company’s stock worth $64,076,000 after purchasing an additional 1,505,372 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Brookfield by 1.9% during the first quarter. Vanguard Group Inc. now owns 57,480,308 shares of the company’s stock worth $2,406,700,000 after purchasing an additional 1,063,110 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Price Performance

BN stock opened at $57.08 on Thursday. The stock has a 50-day simple moving average of $52.18 and a 200-day simple moving average of $46.86. The firm has a market cap of $93.97 billion, a P/E ratio of 98.22 and a beta of 1.53. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.20. Brookfield Co. has a 1 year low of $31.43 and a 1 year high of $57.56.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.35 earnings per share (EPS) 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 company had revenue of $23.05 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the company earned $0.75 earnings per share. Brookfield’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, equities analysts predict that Brookfield Co. will post 3.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BN shares. Scotiabank boosted their price objective on shares of Brookfield from $51.25 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price target on Brookfield from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Keefe, Bruyette & Woods upped their price target on Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. Royal Bank of Canada reduced their price objective on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock 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 research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.31.

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.