Kirr Marbach & Co. LLC IN Sells 2,362 Shares of Brookfield Co. (NYSE:BN)

Kirr Marbach & Co. LLC IN decreased its holdings in shares of Brookfield Co. (NYSE:BN) by 1.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 178,182 shares of the company’s stock after selling 2,362 shares during the quarter. Brookfield makes up about 1.9% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 22nd largest position. Kirr Marbach & Co. LLC IN’s holdings in Brookfield were worth $7,149,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BN. FinTrust Capital Advisors LLC bought a new stake in shares of Brookfield in the 3rd quarter worth approximately $25,000. Sunbelt Securities Inc. lifted its position in shares of Brookfield by 4,670.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock worth $25,000 after acquiring an additional 794 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Brookfield in the 3rd quarter worth approximately $30,000. Ronald Blue Trust Inc. lifted its position in shares of Brookfield by 102.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,021 shares of the company’s stock worth $34,000 after acquiring an additional 517 shares during the period. Finally, Castleview Partners LLC bought a new stake in shares of Brookfield in the 3rd quarter worth approximately $34,000. Institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on BN. CIBC raised their price objective on Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. TD Securities raised their price objective on Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a research report on Sunday, February 11th. Canaccord Genuity Group raised their target price on Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a research report on Friday, February 9th. BMO Capital Markets raised their target price on Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Finally, Scotiabank raised their target price on Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.45.

Insider Activity

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of Brookfield stock in a transaction 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 directly owns 15,492,168 shares of the company’s stock, valued at approximately $175,526,263.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.00% of the company’s stock.

Brookfield Price Performance

BN stock traded down $0.54 during midday trading on Tuesday, reaching $38.45. 1,562,454 shares of the company’s stock traded hands, compared to its average volume of 2,698,558. The company has a 50-day simple moving average of $40.89 and a two-hundred day simple moving average of $37.48. Brookfield Co. has a 1-year low of $28.84 and a 1-year high of $43.17. The company has a market cap of $63.14 billion, a price-to-earnings ratio of 62.89 and a beta of 1.49. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.35.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The firm had revenue of $24.52 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm posted $1.12 EPS. The business’s revenue was up 1.3% on a year-over-year basis. On average, analysts anticipate that Brookfield Co. will post 3.75 earnings per share for the current year.

Brookfield Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were paid a $0.08 dividend. This is a boost from Brookfield’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Tuesday, March 12th. Brookfield’s dividend payout ratio (DPR) is 51.61%.

About Brookfield

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.