Motley Fool Wealth Management LLC Decreases Stock Position in Brookfield Co. (NYSE:BN)

Motley Fool Wealth Management LLC lowered its stake in Brookfield Co. (NYSE:BN) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 407,491 shares of the company’s stock after selling 4,970 shares during the period. Motley Fool Wealth Management LLC’s holdings in Brookfield were worth $16,293,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BN. Principal Financial Group Inc. grew its stake in shares of Brookfield by 8.9% in the third quarter. Principal Financial Group Inc. now owns 63,734,864 shares of the company’s stock worth $1,993,867,000 after purchasing an additional 5,192,256 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Brookfield by 21.0% in the third quarter. The Manufacturers Life Insurance Company now owns 19,233,299 shares of the company’s stock worth $602,966,000 after purchasing an additional 3,331,522 shares during the last quarter. FMR LLC grew its stake in shares of Brookfield by 37.8% in the third quarter. FMR LLC now owns 10,025,978 shares of the company’s stock worth $313,502,000 after purchasing an additional 2,752,801 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Brookfield by 153.1% in the third quarter. Envestnet Asset Management Inc. now owns 1,848,871 shares of the company’s stock worth $57,842,000 after purchasing an additional 1,118,396 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Brookfield by 1.9% in the third quarter. Vanguard Group Inc. now owns 55,429,678 shares of the company’s stock worth $1,733,286,000 after purchasing an additional 1,016,222 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

BN has been the topic of several research reports. JPMorgan Chase & Co. lifted their price objective on Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. BMO Capital Markets lifted their price objective on Brookfield from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Scotiabank lifted their target price on shares of Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a report on Friday, February 9th. Canaccord Genuity Group lifted their target price on shares of Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a report on Friday, February 9th. Finally, CIBC lifted their target price on shares of Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Two 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 stock. According to MarketBeat, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.45.

Insider Buying and Selling

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the transaction, the director now directly owns 15,492,168 shares in the company, valued at $175,526,263.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total transaction of $155,099.25. The disclosure for this sale can be found here. 11.00% of the stock is currently owned by insiders.

Brookfield Stock Performance

Shares of BN stock traded up $0.73 during mid-day trading on Friday, reaching $40.96. 3,230,696 shares of the company’s stock traded hands, compared to its average volume of 2,957,519. Brookfield Co. has a 12 month low of $28.84 and a 12 month high of $43.17. The firm has a 50 day moving average price of $40.80 and a two-hundred day moving average price of $38.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15. The firm has a market capitalization of $67.26 billion, a PE ratio of 66.07 and a beta of 1.49.

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

Brookfield Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.32 annualized dividend and a yield of 0.78%. This is an increase from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s dividend payout ratio is currently 51.61%.

Brookfield 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.