Oppenheimer & Co. Inc. Sells 1,358 Shares of Brookfield Co. (NYSE:BN)

Oppenheimer & Co. Inc. trimmed its holdings in shares of Brookfield Co. (NYSE:BNFree Report) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,106 shares of the company’s stock after selling 1,358 shares during the period. Oppenheimer & Co. Inc.’s holdings in Brookfield were worth $1,449,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BN. Barclays PLC raised its stake in shares of Brookfield by 1,698.3% during the 3rd quarter. Barclays PLC now owns 58,752 shares of the company’s stock worth $1,836,000 after purchasing an additional 55,485 shares during the period. Atria Wealth Solutions Inc. bought a new stake in shares of Brookfield during the 3rd quarter worth $989,000. Vanguard Personalized Indexing Management LLC raised its stake in Brookfield by 32.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 21,064 shares of the company’s stock valued at $659,000 after acquiring an additional 5,187 shares during the period. HighTower Advisors LLC raised its stake in Brookfield by 14.3% in the 3rd quarter. HighTower Advisors LLC now owns 619,412 shares of the company’s stock valued at $19,427,000 after acquiring an additional 77,348 shares during the period. Finally, Deutsche Bank AG raised its stake in Brookfield by 5.9% in the 3rd quarter. Deutsche Bank AG now owns 1,479,507 shares of the company’s stock valued at $46,264,000 after acquiring an additional 82,707 shares during the period. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $46.00 price objective (up from $45.00) on shares of Brookfield in a research note on Friday, May 10th. Royal Bank of Canada lowered their price objective on Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Finally, Scotiabank lowered their price objective on Brookfield from $50.00 to $49.50 and set a “sector outperform” rating on the stock in a research note on Friday, May 10th. Two investment 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 has a consensus rating of “Moderate Buy” and a consensus price target of $48.10.

View Our Latest Research Report on BN

Brookfield Trading Up 0.3 %

Shares of BN opened at $41.65 on Tuesday. The business’s 50-day moving average price is $42.01 and its 200-day moving average price is $40.47. Brookfield Co. has a twelve month low of $28.84 and a twelve month high of $45.11. The stock has a market cap of $68.40 billion, a PE ratio of 68.28 and a beta of 1.51. 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 data on Thursday, May 9th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.64 by $0.13. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. The company had revenue of $22.91 billion during the quarter. During the same period in the previous year, the firm posted $0.72 EPS. On average, equities analysts forecast that Brookfield Co. will post 3.35 EPS for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Thursday, June 13th. Brookfield’s payout ratio is 52.46%.

Insider Transactions at Brookfield

In other 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 transaction of $11,330,000.00. Following the completion of the transaction, the director now owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’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 completion of the sale, the director now owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the company’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 value of $155,099.25. The disclosure for this sale can be found here. 11.00% of the stock is owned by insiders.

About Brookfield

(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.

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Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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