Diversified Trust Co Purchases New Position in Brookfield Co. (NYSE:BN)

Diversified Trust Co purchased a new stake in Brookfield Co. (NYSE:BNFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,297 shares of the company’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Capital World Investors increased its stake in Brookfield by 102.2% during the 4th quarter. Capital World Investors now owns 49,424,522 shares of the company’s stock worth $1,982,903,000 after buying an additional 24,975,364 shares in the last quarter. Norges Bank purchased a new stake in Brookfield during the 4th quarter worth approximately $614,104,000. TD Asset Management Inc increased its stake in Brookfield by 16.2% during the 4th quarter. TD Asset Management Inc now owns 26,542,983 shares of the company’s stock worth $1,069,892,000 after buying an additional 3,702,266 shares in the last quarter. Blacksheep Fund Management Ltd purchased a new stake in Brookfield during the 4th quarter worth approximately $101,800,000. Finally, Clearbridge Investments LLC purchased a new stake in Brookfield during the 4th quarter worth approximately $89,153,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BN. Royal Bank of Canada lowered their target price on Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Scotiabank lowered their target price on Brookfield from $50.00 to $49.50 and set a “sector outperform” rating on the stock in a report on Friday, May 10th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $46.00 target price (up from $45.00) on shares of Brookfield in a report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.10.

Get Our Latest Research Report on BN

Insider Buying and Selling at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 400,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $11.90, for a total value of $4,760,000.00. Following the sale, the director now directly owns 10,779,668 shares in the company, valued at $128,278,049.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Brookfield 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 transaction of $155,099.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ocm Growth Holdings Llc sold 400,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $11.90, for a total value of $4,760,000.00. Following the transaction, the director now directly owns 10,779,668 shares in the company, valued at approximately $128,278,049.20. The disclosure for this sale can be found here. 11.00% of the stock is owned by insiders.

Brookfield Trading Down 1.2 %

BN opened at $42.53 on Friday. Brookfield Co. has a 52 week low of $28.84 and a 52 week high of $45.11. The business has a fifty day simple moving average of $42.63 and a 200-day simple moving average of $41.10. The firm has a market cap of $69.90 billion, a P/E ratio of 69.72 and a beta of 1.52. 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 released its quarterly earnings results on Thursday, May 9th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.64 by $0.13. The business had revenue of $22.91 billion during the quarter. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. During the same quarter in the prior year, the business earned $0.72 earnings per share. On average, equities analysts expect that Brookfield Co. will post 3.35 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Thursday, June 13th. Brookfield’s dividend payout ratio is presently 52.46%.

Brookfield 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.

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Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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