HB Wealth Management LLC Lowers Stock Position in Brookfield Co. (NYSE:BN)

HB Wealth Management LLC lessened its holdings in Brookfield Co. (NYSE:BNFree Report) by 5.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,160 shares of the company’s stock after selling 770 shares during the period. HB Wealth Management LLC’s holdings in Brookfield were worth $568,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC lifted its position in shares of Brookfield by 3.9% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 7,391 shares of the company’s stock worth $298,000 after purchasing an additional 277 shares during the period. Parkside Financial Bank & Trust lifted its position in Brookfield by 32.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,349 shares of the company’s stock valued at $45,000 after acquiring an additional 329 shares during the last quarter. Retirement Group LLC lifted its position in Brookfield by 0.5% during the second quarter. Retirement Group LLC now owns 80,512 shares of the company’s stock valued at $2,709,000 after acquiring an additional 389 shares during the last quarter. Maryland State Retirement & Pension System lifted its position in Brookfield by 0.8% during the third quarter. Maryland State Retirement & Pension System now owns 50,507 shares of the company’s stock valued at $1,580,000 after acquiring an additional 410 shares during the last quarter. Finally, Mckinley Capital Management LLC lifted its position in Brookfield by 1.6% during the third quarter. Mckinley Capital Management LLC now owns 26,074 shares of the company’s stock valued at $815,000 after acquiring an additional 410 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 1.1 %

NYSE:BN opened at $41.01 on Wednesday. The firm has a market capitalization of $67.29 billion, a P/E ratio of 66.15 and a beta of 1.49. Brookfield Co. has a 1-year low of $28.84 and a 1-year high of $43.17. The company’s fifty day moving average price is $40.70 and its 200-day moving average price is $36.84. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99.

Brookfield (NYSE:BNGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.14. The firm had revenue of $24.52 billion for the quarter, compared to analyst estimates of $1.15 billion. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 earnings per share. As a group, equities research analysts anticipate that Brookfield Co. will post 3.75 EPS for the current year.

Brookfield Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.78%. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s dividend payout ratio is presently 51.61%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. BMO Capital Markets increased their target price on shares of Brookfield from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Royal Bank of Canada increased their target price on shares of Brookfield from $52.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. increased their target price on shares of Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Canaccord Genuity Group increased their target price on shares of Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, Scotiabank raised their price target on shares of Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $47.45.

Read Our Latest Research Report on BN

Insider Transactions at Brookfield

In related news, major shareholder Gp Ltd Bcp sold 3,922,786 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $2.20, for a total transaction of $8,630,129.20. Following the sale, the insider now owns 23,352,826 shares in the company, valued at $51,376,217.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the sale, the director now owns 15,492,168 shares in the company, valued at $175,526,263.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Gp Ltd Bcp sold 3,922,786 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $2.20, for a total transaction of $8,630,129.20. Following the sale, the insider now owns 23,352,826 shares in the company, valued at approximately $51,376,217.20. The disclosure for this sale can be found here. Insiders have sold 5,305,468 shares of company stock worth $20,813,510 over the last 90 days. 11.00% of the stock is currently owned by company insiders.

Brookfield Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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