EverSource Wealth Advisors LLC Decreases Stock Position in Brookfield Co. (NYSE:BN)

EverSource Wealth Advisors LLC cut its stake in Brookfield Co. (NYSE:BNFree Report) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,284 shares of the company’s stock after selling 264 shares during the period. EverSource Wealth Advisors LLC’s holdings in Brookfield were worth $52,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BN. Sunbelt Securities Inc. boosted its holdings in 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 purchasing an additional 794 shares during the period. Allworth Financial LP lifted its holdings in Brookfield by 256.2% during the 4th quarter. Allworth Financial LP now owns 887 shares of the company’s stock worth $36,000 after buying an additional 638 shares during the last quarter. First Command Advisory Services Inc. purchased a new stake in Brookfield during the 3rd quarter worth about $37,000. Oakworth Capital Inc. lifted its holdings in Brookfield by 172.3% during the 4th quarter. Oakworth Capital Inc. now owns 1,073 shares of the company’s stock worth $43,000 after buying an additional 679 shares during the last quarter. Finally, Milestone Investment Advisors LLC purchased a new stake in Brookfield during the 3rd quarter worth about $50,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Stock Performance

Shares of BN stock opened at $44.78 on Tuesday. The stock has a market capitalization of $73.54 billion, a PE ratio of 73.41 and a beta of 1.48. Brookfield Co. has a 52-week low of $28.84 and a 52-week high of $45.11. The stock’s 50-day moving average price is $41.80 and its 200 day moving average price is $39.85. 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:BNGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.13. The firm had revenue of $22.91 billion for the quarter. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. During the same quarter last year, the firm earned $0.72 EPS. As a group, equities research analysts forecast that Brookfield Co. will post 3.35 EPS for the current year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, June 13th. Brookfield’s dividend payout ratio (DPR) is presently 52.46%.

Insider Activity at Brookfield

In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $11.33, for a total value of $11,330,000.00. Following the transaction, the director now owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the business’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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $11.33, for a total value of $11,330,000.00. Following the transaction, 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 currently owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $46.00 price target (up from $45.00) on shares of Brookfield in a report on Friday, May 10th. Royal Bank of Canada decreased their price target on Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Canaccord Genuity Group lifted their price target on Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a report on Friday, February 9th. TD Securities lifted their price target on Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a report on Sunday, February 11th. Finally, JPMorgan Chase & Co. lifted their price target on Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.10.

Check Out Our Latest Stock Report on Brookfield

Brookfield Company 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

Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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