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

LPL Financial LLC increased its holdings in shares of Brookfield Co. (NYSE:BN) by 85.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 167,579 shares of the company’s stock after purchasing an additional 77,425 shares during the quarter. LPL Financial LLC’s holdings in Brookfield were worth $5,461,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tocqueville Asset Management L.P. grew its position in Brookfield by 3.0% in the first quarter. Tocqueville Asset Management L.P. now owns 37,843 shares of the company’s stock valued at $1,233,000 after acquiring an additional 1,118 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in Brookfield by 11.0% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 37,327 shares of the company’s stock valued at $1,216,000 after acquiring an additional 3,700 shares in the last quarter. Keybank National Association OH grew its position in Brookfield by 2.7% in the first quarter. Keybank National Association OH now owns 23,705 shares of the company’s stock valued at $773,000 after acquiring an additional 615 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Brookfield in the first quarter valued at approximately $191,000. Finally, Forge First Asset Management Inc. acquired a new stake in Brookfield in the first quarter valued at approximately $4,444,000. Institutional investors and hedge funds own 58.22% of the company’s stock.

Brookfield Stock Performance

Shares of BN opened at $34.11 on Friday. The business’s fifty day moving average price is $33.56 and its 200 day moving average price is $32.51. Brookfield Co. has a 12-month low of $28.25 and a 12-month high of $51.45. The stock has a market capitalization of $55.87 billion, a PE ratio of 379.00 and a beta of 1.42. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.19 and a quick ratio of 1.01.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Wednesday, August 30th. Brookfield’s payout ratio is 311.11%.

Analyst Ratings Changes

Several equities analysts have recently commented on BN shares. Credit Suisse Group reduced their target price on Brookfield from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday. TD Securities increased their target price on Brookfield from $60.00 to $61.00 and gave the company an “action list buy” rating in a research note on Monday, August 14th. CSFB reduced their target price on Brookfield from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday. Royal Bank of Canada reduced their target price on Brookfield from $52.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, August 14th. Finally, Canaccord Genuity Group cut Brookfield from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Insider Buying and Selling at Brookfield

In other Brookfield news, major shareholder Opps Eb Holdings Ltd. Ocm sold 3,781,561 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $58.00, for a total value of $219,330,538.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.00% of the stock is currently owned by company insiders.

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.