Hantz Financial Services Inc. Acquires Shares of 38,191 Brookfield Co. (NYSE:BN)

Hantz Financial Services Inc. bought a new position in shares of Brookfield Co. (NYSE:BN) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 38,191 shares of the company’s stock, valued at approximately $1,586,000.

Several other large investors also recently modified their holdings of the business. Blacksheep Fund Management Ltd purchased a new stake in Brookfield in the 4th quarter worth approximately $101,800,000. American National Bank & Trust Co. VA purchased a new stake in Brookfield in the first quarter worth $5,716,000. M&G Plc bought a new stake in Brookfield in the first quarter valued at $111,222,000. Cetera Investment Advisers increased its position in Brookfield by 1,022.6% during the 1st quarter. Cetera Investment Advisers now owns 272,807 shares of the company’s stock valued at $11,427,000 after purchasing an additional 248,506 shares during the period. Finally, Norges Bank purchased a new position in Brookfield during the 4th quarter valued at $614,104,000. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Performance

Brookfield stock opened at $50.28 on Friday. The stock’s 50 day moving average is $45.55 and its 200 day moving average is $43.01. The company has a market capitalization of $82.64 billion, a P/E ratio of 82.43 and a beta of 1.52. Brookfield Co. has a twelve month low of $28.84 and a twelve month high of $50.46. 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:BN) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.57. The firm had revenue of $23.05 billion during the quarter, compared to the consensus estimate of $1.24 billion. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. The company’s revenue was down 2.6% on a year-over-year basis. During the same period last year, the company earned $0.75 earnings per share. On average, equities research analysts predict that Brookfield Co. will post 3.35 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 12th will be issued a $0.08 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.32 annualized dividend and a yield of 0.64%. Brookfield’s dividend payout ratio (DPR) is presently 52.46%.

Insider Transactions at Brookfield

In related news, Director Ocm Growth Holdings Llc sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $11.90, for a total transaction of $4,760,000.00. Following the completion of the sale, the director now owns 10,779,668 shares of the company’s stock, valued at $128,278,049.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BN. Scotiabank lifted their target price on shares of Brookfield from $50.50 to $51.25 and gave the company a “sector outperform” rating in a research note on Friday, August 9th. Keefe, Bruyette & Woods upped their target price on Brookfield from $44.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. TD Securities increased their target price on Brookfield from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Royal Bank of Canada dropped their price target on Brookfield from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. increased their price objective on Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.84.

Brookfield Company 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.