Brookfield Co. (NYSE:BN) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc decreased its stake in Brookfield Co. (NYSE:BN) by 35.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,332 shares of the company’s stock after selling 37,650 shares during the period. K.J. Harrison & Partners Inc’s holdings in Brookfield were worth $2,786,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. FinTrust Capital Advisors LLC purchased a new stake in shares of Brookfield during the third quarter valued at approximately $25,000. Sunbelt Securities Inc. increased its stake in Brookfield by 4,670.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock worth $25,000 after buying an additional 794 shares during the period. Allworth Financial LP lifted its holdings in Brookfield by 256.2% in the 4th quarter. Allworth Financial LP now owns 887 shares of the company’s stock worth $36,000 after buying an additional 638 shares in the last quarter. Oakworth Capital Inc. boosted its position in Brookfield by 172.3% in the 4th quarter. Oakworth Capital Inc. now owns 1,073 shares of the company’s stock valued at $43,000 after buying an additional 679 shares during the last quarter. Finally, Castleview Partners LLC acquired a new stake in shares of Brookfield during the third quarter valued at about $34,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Ratings Changes

BN has been the subject of a number of analyst reports. TheStreet raised Brookfield from a “c” rating to a “b” rating in a report on Thursday, February 8th. CIBC raised their price target on shares of Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. BMO Capital Markets lifted their price target on shares of Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Scotiabank increased their price objective on shares of Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a research note on Friday, February 9th. Finally, Canaccord Genuity Group raised their price objective on shares of Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a report on Friday, February 9th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Brookfield currently has a consensus rating of “Moderate Buy” and an average target price of $47.45.

Brookfield Stock Performance

Shares of Brookfield stock traded up $0.73 during trading hours on Friday, reaching $40.96. The company’s stock had a trading volume of 3,230,637 shares, compared to its average volume of 2,722,619. Brookfield Co. has a one year low of $28.84 and a one year high of $43.17. The company’s 50 day simple moving average is $40.80 and its 200 day simple moving average is $37.96. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15. The stock has a market cap of $67.26 billion, a P/E ratio of 66.07 and a beta of 1.49.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.14. The firm had revenue of $24.52 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. Brookfield’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company posted $1.12 earnings per share. As a group, analysts expect that Brookfield Co. will post 3.75 EPS for the current fiscal year.

Brookfield Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were paid a dividend of $0.08 per share. This is an increase from Brookfield’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Tuesday, March 12th. Brookfield’s dividend payout ratio is presently 51.61%.

Insiders Place Their Bets

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the completion of the transaction, the director now owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of Brookfield stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the sale, the director now owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $21.75, for a total value of $155,099.25. The disclosure for this sale can be found here. 11.00% of the stock is owned by corporate insiders.

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.