Bfsg LLC Buys New Shares in Brookfield Co. (NYSE:BN)

Bfsg LLC acquired a new stake in shares of Brookfield Co. (NYSE:BN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,975 shares of the company’s stock, valued at approximately $240,000.

Several other institutional investors have also recently made changes to their positions in BN. Lorne Steinberg Wealth Management Inc. raised its holdings in shares of Brookfield by 13.5% in the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 135,815 shares of the company’s stock worth $5,449,000 after acquiring an additional 16,204 shares during the last quarter. Duality Advisers LP acquired a new stake in shares of Brookfield in the 4th quarter worth about $1,442,000. MCF Advisors LLC raised its holdings in shares of Brookfield by 2,008.9% in the 4th quarter. MCF Advisors LLC now owns 2,362 shares of the company’s stock worth $95,000 after acquiring an additional 2,250 shares during the last quarter. Klingenstein Fields & Co. LP raised its holdings in shares of Brookfield by 0.5% in the 4th quarter. Klingenstein Fields & Co. LP now owns 469,160 shares of the company’s stock worth $18,824,000 after acquiring an additional 2,557 shares during the last quarter. Finally, Strata Wealth Advisors LLC acquired a new stake in shares of Brookfield in the 4th quarter worth about $1,656,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Insiders Place Their Bets

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm’s stock in a transaction on 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 sale, the director now owns 15,492,168 shares of the company’s stock, valued at approximately $175,526,263.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 11.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BN shares. Scotiabank upped their price objective on shares of Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 9th. Canaccord Genuity Group upped their price objective on shares of Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a research report on Friday, February 9th. CIBC upped their price objective on shares of Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. increased their target price on shares of Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Finally, TD Securities increased their target price on shares of Brookfield from $61.00 to $62.00 and gave the company an “action list buy” rating in a research report on Sunday, February 11th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.45.

Brookfield Stock Performance

BN traded up $0.16 on Wednesday, hitting $40.53. The company’s stock had a trading volume of 2,413,801 shares, compared to its average volume of 2,720,314. Brookfield Co. has a 12 month low of $28.84 and a 12 month high of $43.17. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.35. The firm has a market cap of $66.55 billion, a P/E ratio of 65.11 and a beta of 1.49. The company’s 50 day simple moving average is $40.78 and its 200-day simple moving average is $37.85.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.14. The business had revenue of $24.52 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 EPS. Analysts forecast that Brookfield Co. will post 3.75 EPS for the current year.

Brookfield Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.79%. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s dividend payout ratio (DPR) is currently 51.61%.

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.