PFG Investments LLC Makes New Investment in Brookfield Co. (NYSE:BN)

PFG Investments LLC acquired a new position in shares of Brookfield Co. (NYSE:BN) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,378 shares of the company’s stock, valued at approximately $435,000.

Several other large investors have also recently added to or reduced their stakes in BN. Lakewood Asset Management LLC grew its stake in shares of Brookfield by 15.2% during the first quarter. Lakewood Asset Management LLC now owns 19,683 shares of the company’s stock valued at $824,000 after purchasing an additional 2,594 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in shares of Brookfield by 60.1% during the first quarter. Maryland State Retirement & Pension System now owns 81,623 shares of the company’s stock valued at $3,163,000 after purchasing an additional 30,649 shares during the last quarter. Everett Harris & Co. CA grew its stake in shares of Brookfield by 9.9% during the first quarter. Everett Harris & Co. CA now owns 32,039 shares of the company’s stock valued at $1,341,000 after purchasing an additional 2,884 shares during the last quarter. American National Bank & Trust Co. VA bought a new stake in shares of Brookfield during the first quarter valued at approximately $5,716,000. Finally, Check Capital Management Inc. CA grew its stake in shares of Brookfield by 0.4% during the first quarter. Check Capital Management Inc. CA now owns 3,037,695 shares of the company’s stock valued at $127,188,000 after purchasing an additional 11,623 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of Brookfield stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.33, for a total value 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 approximately $175,526,263.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 15,492,168 shares in the company, valued at approximately $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 firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $21.75, for a total transaction of $155,099.25. The disclosure for this sale can be found here. Insiders own 11.00% of the company’s stock.

Brookfield Stock Down 2.3 %

Brookfield stock traded down $0.93 during mid-day trading on Tuesday, reaching $40.11. The company’s stock had a trading volume of 3,019,829 shares, compared to its average volume of 2,732,891. The company has a market capitalization of $65.86 billion, a price-to-earnings ratio of 64.69 and a beta of 1.49. Brookfield Co. has a 12 month low of $28.84 and a 12 month high of $43.17. The business’s 50 day simple moving average is $40.81 and its 200 day simple moving average is $38.09. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15.

Brookfield (NYSE:BN) last released its earnings results on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. The business had revenue of $24.52 billion during the quarter, compared to the consensus estimate of $1.15 billion. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 earnings per share. As a group, research analysts anticipate that Brookfield Co. will post 3.75 earnings per share for the current year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Tuesday, March 12th. This is an increase from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s dividend payout ratio (DPR) is 51.61%.

Analysts Set New Price Targets

BN has been the topic of several analyst reports. Canaccord Genuity Group increased their price objective on shares of Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a report on Friday, February 9th. Royal Bank of Canada cut their price objective on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday. 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 report on Friday, February 9th. JPMorgan Chase & Co. increased their price objective on shares of Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Finally, TD Securities increased their price objective on shares of Brookfield from $61.00 to $62.00 and gave the company an “action list buy” rating in a report on Sunday, February 11th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.25.

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.