Brookfield Co. (NYSE:BN) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its holdings in Brookfield Co. (NYSE:BN) by 2.3% during the first quarter, HoldingsChannel reports. The firm owned 22,030 shares of the company’s stock after buying an additional 494 shares during the period. Bleakley Financial Group LLC’s holdings in Brookfield were worth $922,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BN. Capital World Investors grew its holdings in shares of Brookfield by 102.2% during the fourth quarter. Capital World Investors now owns 49,424,522 shares of the company’s stock worth $1,982,903,000 after buying an additional 24,975,364 shares during the last quarter. Norges Bank acquired a new stake in Brookfield during the 4th quarter worth approximately $614,104,000. TD Asset Management Inc grew its stake in shares of Brookfield by 16.2% in the 4th quarter. TD Asset Management Inc now owns 26,542,983 shares of the company’s stock valued at $1,069,892,000 after purchasing an additional 3,702,266 shares during the last quarter. Blacksheep Fund Management Ltd acquired a new position in shares of Brookfield in the fourth quarter valued at approximately $101,800,000. Finally, Clearbridge Investments LLC purchased a new stake in shares of Brookfield during the fourth quarter worth approximately $89,153,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Brookfield

In other news, Director Ocm Growth Holdings Llc sold 400,000 shares of Brookfield 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 of the company’s stock, valued at approximately $128,278,049.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Ocm Growth Holdings Llc sold 400,000 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $11.90, for a total value of $4,760,000.00. Following the sale, the director now directly owns 10,779,668 shares in the company, valued at $128,278,049.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the firm’s stock in a transaction that occurred on 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. 11.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Keefe, Bruyette & Woods dropped their price target on shares of 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, Scotiabank cut their price target on shares of Brookfield from $50.00 to $49.50 and set a “sector outperform” rating for the company in a report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Brookfield has an average rating of “Moderate Buy” and a consensus target price of $47.90.

Brookfield Stock Down 1.4 %

Shares of NYSE BN opened at $46.73 on Thursday. The stock has a market capitalization of $76.81 billion, a price-to-earnings ratio of 76.61 and a beta of 1.52. Brookfield Co. has a 52 week low of $28.84 and a 52 week high of $47.43. The firm has a 50-day moving average price of $43.09 and a 200 day moving average price of $41.40. The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

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

Brookfield Dividend Announcement

The company also recently announced 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 payout ratio is 52.46%.

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.