Bailard Inc. Sells 1,041 Shares of Brookfield Co. (NYSE:BN)

Bailard Inc. lessened its holdings in Brookfield Co. (NYSE:BN) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,353 shares of the company’s stock after selling 1,041 shares during the quarter. Bailard Inc.’s holdings in Brookfield were worth $295,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. FinTrust Capital Advisors LLC bought a new position in Brookfield in the third quarter valued at approximately $25,000. Sunbelt Securities Inc. grew its stake in shares of Brookfield by 4,670.6% in the third quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock valued at $25,000 after buying an additional 794 shares in the last quarter. Castleview Partners LLC acquired a new position in Brookfield during the third quarter worth $34,000. Allworth Financial LP raised its position in Brookfield by 256.2% during the fourth quarter. Allworth Financial LP now owns 887 shares of the company’s stock worth $36,000 after acquiring an additional 638 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in Brookfield in the third quarter valued at $37,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $21.75, for a total value of $155,099.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total value of $155,099.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The disclosure for this sale can be found here. 11.00% of the stock is owned by corporate insiders.

Brookfield Stock Performance

BN opened at $40.96 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99. The company has a market capitalization of $67.26 billion, a PE ratio of 66.07 and a beta of 1.49. The business has a fifty day simple moving average of $40.80 and a 200 day simple moving average of $38.03. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $43.17.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The company had revenue of $24.52 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business posted $1.12 earnings per share. Brookfield’s quarterly revenue was up 1.3% on a year-over-year basis. Research analysts expect that Brookfield Co. will post 3.75 EPS for the current year.

Brookfield Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.78%. This is a boost from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s payout ratio is 51.61%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. TD Securities boosted their price target on Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a research report on Sunday, February 11th. TheStreet raised Brookfield from a “c” rating to a “b” rating in a research report on Thursday, February 8th. BMO Capital Markets boosted their target price on Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 price target on shares of Brookfield in a report on Friday, April 12th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.45.

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.