5,387 Shares in Brookfield Co. (NYSE:BN) Bought by Focus Financial Network Inc. ADV

Focus Financial Network Inc. ADV acquired a new position in shares of Brookfield Co. (NYSE:BNFree Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,387 shares of the company’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BN. Norges Bank acquired a new position in Brookfield during the fourth quarter worth $614,104,000. TD Asset Management Inc raised its holdings in shares of Brookfield by 16.2% in the fourth quarter. TD Asset Management Inc now owns 26,542,983 shares of the company’s stock worth $1,069,892,000 after acquiring an additional 3,702,266 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Brookfield by 21.0% in the third quarter. The Manufacturers Life Insurance Company now owns 19,233,299 shares of the company’s stock worth $602,966,000 after acquiring an additional 3,331,522 shares during the last quarter. FMR LLC raised its holdings in shares of Brookfield by 37.8% in the third quarter. FMR LLC now owns 10,025,978 shares of the company’s stock worth $313,502,000 after acquiring an additional 2,752,801 shares during the last quarter. Finally, Clearbridge Investments LLC acquired a new position in shares of Brookfield in the fourth quarter worth $89,153,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the 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 Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the 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 Securities & Exchange Commission, which is available at the SEC website. 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 value of $11,330,000.00. Following the completion of the sale, the director now owns 15,492,168 shares of the company’s stock, valued at approximately $175,526,263.44. The disclosure for this sale can be found here. Insiders own 11.00% of the company’s stock.

Brookfield Stock Performance

Brookfield stock opened at $42.60 on Wednesday. The stock’s 50-day moving average is $41.97 and its 200-day moving average is $40.25. The company has a market cap of $69.95 billion, a price-to-earnings ratio of 69.83 and a beta of 1.51. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 1.02. Brookfield Co. has a 12 month low of $28.84 and a 12 month high of $45.11.

Brookfield (NYSE:BNGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. The company 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 business earned $0.72 earnings per share. Equities analysts anticipate that Brookfield Co. will post 3.35 earnings per share for the current year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.75%. Brookfield’s dividend payout ratio (DPR) is currently 52.46%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BN shares. Royal Bank of Canada cut 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. BMO Capital Markets boosted their price target on Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Canaccord Genuity Group upped their target price on Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a research note on Friday, February 9th. Scotiabank reduced their target price on Brookfield from $50.00 to $49.50 and set a “sector outperform” rating on the stock in a research report on Friday, May 10th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $46.00 target price (up from $45.00) on shares of Brookfield in a research report on Friday, May 10th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.10.

Check Out Our Latest Analysis on BN

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.

Further Reading

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Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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