International Assets Investment Management LLC Invests $14.21 Million in Brookfield Co. (NYSE:BN)

International Assets Investment Management LLC bought a new stake in Brookfield Co. (NYSE:BN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,426 shares of the company’s stock, valued at approximately $14,210,000.

Other large investors have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new stake in shares of Brookfield in the 3rd quarter worth approximately $25,000. Sunbelt Securities Inc. lifted its stake in Brookfield by 4,670.6% in the third quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock worth $25,000 after purchasing an additional 794 shares during the last quarter. Castleview Partners LLC purchased a new stake in Brookfield during the third quarter valued at about $34,000. Allworth Financial LP boosted its position in Brookfield by 256.2% during the fourth quarter. Allworth Financial LP now owns 887 shares of the company’s stock valued at $36,000 after buying an additional 638 shares during the period. Finally, First Command Advisory Services Inc. bought a new position in shares of Brookfield during the third quarter valued at about $37,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. TheStreet upgraded shares of Brookfield from a “c” rating to a “b” rating in a report on Thursday, February 8th. Canaccord Genuity Group upped their price target on shares of Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a report on Friday, February 9th. CIBC raised their price target on shares of Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Finally, BMO Capital Markets boosted their price objective 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. Two 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.25.

Insider Activity

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.33, for a total value 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which is available at this hyperlink. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the stock in a transaction dated 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 directly owns 15,492,168 shares in the company, valued at $175,526,263.44. The disclosure for this sale can be found here. Company insiders own 11.00% of the company’s stock.

Brookfield Price Performance

Shares of NYSE BN opened at $42.63 on Friday. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $43.17. The stock has a market capitalization of $70.00 billion, a P/E ratio of 68.76 and a beta of 1.48. The company’s 50-day moving average is $40.87 and its 200 day moving average is $38.26. 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:BN) last posted its earnings results 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 the consensus estimate of $1.15 billion. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 EPS. On average, sell-side analysts expect that Brookfield Co. will post 3.75 earnings per share for the current year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.32 annualized dividend and a yield of 0.75%. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s dividend payout ratio (DPR) is currently 51.61%.

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.