UMB Bank n.a. Has $244,000 Stake in Brookfield Co. (NYSE:BN)

UMB Bank n.a. boosted its position in Brookfield Co. (NYSE:BN) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,878 shares of the company’s stock after purchasing an additional 368 shares during the period. UMB Bank n.a.’s holdings in Brookfield were worth $244,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Capital World Investors boosted its stake in shares of Brookfield by 102.2% in the 4th quarter. Capital World Investors now owns 49,424,522 shares of the company’s stock valued at $1,982,903,000 after purchasing an additional 24,975,364 shares during the last quarter. Norges Bank bought a new stake in Brookfield during the fourth quarter valued at $614,104,000. TD Asset Management Inc grew its holdings in Brookfield by 16.2% during the 4th quarter. TD Asset Management Inc now owns 26,542,983 shares of the company’s stock worth $1,069,892,000 after acquiring an additional 3,702,266 shares during the period. SG Americas Securities LLC bought a new position in shares of Brookfield in the 2nd quarter worth about $128,321,000. Finally, M&G Plc acquired a new position in shares of Brookfield in the 1st quarter valued at about $111,222,000. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Up 1.2 %

Shares of BN traded up $0.59 during trading hours on Friday, reaching $50.28. 1,175,032 shares of the stock traded hands, compared to its average volume of 3,090,478. Brookfield Co. has a 52 week low of $28.84 and a 52 week high of $50.46. The company has a market cap of $82.64 billion, a price-to-earnings ratio of 81.46 and a beta of 1.52. The stock has a fifty day simple moving average of $45.35 and a 200 day simple moving average of $42.92. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 1.35.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, August 8th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $0.78 by $0.57. The firm had revenue of $23.05 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Brookfield had a net margin of 1.16% and a return on equity of 3.15%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 EPS. On average, equities analysts forecast that Brookfield Co. will post 3.35 EPS for the current year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 12th will be paid a $0.08 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.64%. Brookfield’s dividend payout ratio (DPR) is presently 52.46%.

Analyst Ratings Changes

Several equities analysts have issued reports on BN shares. JPMorgan Chase & Co. boosted their price target on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods increased their target price on shares of Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. Scotiabank lifted their price target on shares of Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a research note on Friday, August 9th. TD Securities upped their price target on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada dropped their price objective on shares of Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $48.88.

Insider Activity

In related news, Director Ocm Growth Holdings Llc sold 400,000 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $11.90, for a total value of $4,760,000.00. Following the transaction, the director now directly owns 10,779,668 shares of the company’s stock, valued at approximately $128,278,049.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.00% of the company’s stock.

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.