Atomi Financial Group Inc. Raises Stock Holdings in Brookfield Co. (NYSE:BN)

Atomi Financial Group Inc. boosted its stake in Brookfield Co. (NYSE:BN) by 28.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,119 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Atomi Financial Group Inc.’s holdings in Brookfield were worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Connectus Wealth LLC lifted its stake in Brookfield by 1,049.1% during the fourth quarter. Connectus Wealth LLC now owns 610,911 shares of the company’s stock worth $25,000 after purchasing an additional 557,749 shares during the last quarter. Fortis Group Advisors LLC boosted its stake in Brookfield by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock worth $27,000 after buying an additional 337 shares in the last quarter. Blue Trust Inc. grew its position in Brookfield by 62.8% during the second quarter. Blue Trust Inc. now owns 705 shares of the company’s stock valued at $30,000 after acquiring an additional 272 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Brookfield during the second quarter worth approximately $36,000. Finally, Salem Investment Counselors Inc. bought a new stake in shares of Brookfield in the 1st quarter worth approximately $42,000. 61.60% of the stock is currently owned by institutional investors.

Insider Activity at Brookfield

In other news, Director Ocm Growth Holdings Llc sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $11.90, for a total value 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 at the SEC website. 11.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BN. TD Securities increased 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. Royal Bank of Canada reduced their price objective on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Scotiabank boosted their target price on Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a research note on Friday, August 9th. Keefe, Bruyette & Woods raised their price target on Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Two 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 stock has a consensus rating of “Moderate Buy” and an average price target of $48.88.

Brookfield Trading Up 0.2 %

NYSE BN traded up $0.12 on Wednesday, hitting $49.92. The company’s stock had a trading volume of 202,633 shares, compared to its average volume of 3,105,754. 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 Co. has a 52-week low of $28.84 and a 52-week high of $50.17. The firm has a market cap of $82.05 billion, a P/E ratio of 81.67 and a beta of 1.52. The company’s 50-day simple moving average is $45.01 and its 200 day simple moving average is $42.83.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.57. The company had revenue of $23.05 billion during the quarter, compared to analyst estimates of $1.24 billion. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. Research analysts predict that Brookfield Co. will post 3.35 EPS for the current fiscal year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, September 12th. Brookfield’s payout ratio is 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.