B. Riley Wealth Advisors Inc. Buys 715 Shares of Brookfield Co. (NYSE:BN)

B. Riley Wealth Advisors Inc. increased its position in shares of Brookfield Co. (NYSE:BN) by 3.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,009 shares of the company’s stock after purchasing an additional 715 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Brookfield were worth $838,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ancora Advisors LLC boosted its stake in Brookfield by 2.8% in the first quarter. Ancora Advisors LLC now owns 45,766 shares of the company’s stock worth $1,916,000 after purchasing an additional 1,250 shares in the last quarter. Bamco Inc. NY increased its stake in shares of Brookfield by 6.7% in the 1st quarter. Bamco Inc. NY now owns 1,287,522 shares of the company’s stock valued at $53,909,000 after buying an additional 80,303 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Brookfield by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 109,552 shares of the company’s stock valued at $4,587,000 after acquiring an additional 4,428 shares during the last quarter. Bank of Nova Scotia Trust Co. increased its position in Brookfield by 0.7% in the first quarter. Bank of Nova Scotia Trust Co. now owns 388,612 shares of the company’s stock worth $16,271,000 after purchasing an additional 2,514 shares during the period. Finally, 1832 Asset Management L.P. raised its holdings in Brookfield by 1.3% during the 1st quarter. 1832 Asset Management L.P. now owns 22,605,567 shares of the company’s stock worth $946,495,000 after purchasing an additional 299,029 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ocm Growth Holdings Llc sold 400,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 10,779,668 shares in the company, valued at approximately $128,278,049.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 11.00% of the company’s stock.

Brookfield Trading Down 1.2 %

BN opened at $46.99 on Friday. The company has a market cap of $77.25 billion, a P/E ratio of 78.03 and a beta of 1.52. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 1.35. The company’s 50 day moving average is $43.66 and its 200-day moving average is $41.99. Brookfield Co. has a 1-year low of $28.84 and a 1-year high of $49.44.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The firm had revenue of $22.91 billion for the quarter. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. During the same period in the previous year, the business posted $0.72 earnings per share. Equities research analysts predict that Brookfield Co. will post 3.35 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.68%. Brookfield’s dividend payout ratio (DPR) is currently 52.46%.

Analyst Upgrades and Downgrades

BN has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday. Scotiabank lifted their price objective on Brookfield from $49.50 to $50.50 and gave the stock an “outperform” rating in a research note on Thursday. Keefe, Bruyette & Woods cut their target price on Brookfield from $46.00 to $44.00 and set a “market perform” rating on the stock in a research note on Friday, July 12th. Finally, Royal Bank of Canada decreased their price objective on Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Brookfield Company 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.