Koa Wealth Management LLC Sells 406 Shares of Brookfield Co. (NYSE:BN)

Koa Wealth Management LLC trimmed its position in shares of Brookfield Co. (NYSE:BN) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,386 shares of the company’s stock after selling 406 shares during the period. Brookfield accounts for 1.3% of Koa Wealth Management LLC’s portfolio, making the stock its 25th largest holding. Koa Wealth Management LLC’s holdings in Brookfield were worth $1,511,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BN. Graybill Wealth Management LTD. raised its stake in Brookfield by 0.9% during the 2nd quarter. Graybill Wealth Management LTD. now owns 137,192 shares of the company’s stock valued at $5,699,000 after purchasing an additional 1,197 shares during the period. Summit Global Investments bought a new stake in shares of Brookfield during the second quarter valued at approximately $910,000. First Horizon Advisors Inc. lifted its holdings in shares of Brookfield by 238.1% in the second quarter. First Horizon Advisors Inc. now owns 5,494 shares of the company’s stock worth $228,000 after buying an additional 3,869 shares in the last quarter. First Pacific Financial boosted its position in shares of Brookfield by 4.8% during the second quarter. First Pacific Financial now owns 16,827 shares of the company’s stock worth $699,000 after acquiring an additional 768 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Brookfield by 63.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,159 shares of the company’s stock valued at $48,000 after acquiring an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Insider Buying and Selling at Brookfield

In related news, Director Ocm Growth Holdings Llc sold 400,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now owns 10,779,668 shares in the company, valued at approximately $128,278,049.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 11.00% of the company’s stock.

Wall Street Analyst Weigh In

BN has been the topic of several research analyst reports. Scotiabank boosted their price target on shares of Brookfield from $50.50 to $51.25 and gave the stock a “sector outperform” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. boosted their target price on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods raised their price target on Brookfield from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Friday, August 9th. Royal Bank of Canada decreased their price objective on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, TD Securities raised their target price on shares of Brookfield from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.88.

Brookfield Trading Up 0.1 %

NYSE:BN traded up $0.06 during midday trading on Thursday, hitting $47.11. 2,032,406 shares of the company traded hands, compared to its average volume of 3,124,640. The firm has a market capitalization of $77.43 billion, a P/E ratio of 77.23 and a beta of 1.52. The firm’s fifty day moving average is $44.39 and its 200-day moving average is $42.56. Brookfield Co. has a 12-month low of $28.84 and a 12-month high of $49.44. 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 quarterly earnings data on Thursday, August 8th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.57. The business 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 business’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. On average, sell-side analysts predict that Brookfield Co. will post 3.35 EPS for the current year.

Brookfield Dividend Announcement

The company 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. This represents a $0.32 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, September 12th. Brookfield’s payout ratio is currently 52.46%.

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.