Brookfield Co. (NYSE:BN) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC cut its holdings in shares of Brookfield Co. (NYSE:BN) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,333 shares of the company’s stock after selling 508 shares during the period. Lindbrook Capital LLC’s holdings in Brookfield were worth $294,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in BN. FinTrust Capital Advisors LLC purchased a new stake in Brookfield in the third quarter valued at $25,000. Sunbelt Securities Inc. boosted its stake in shares of Brookfield by 4,670.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock worth $25,000 after acquiring an additional 794 shares in the last quarter. Ronald Blue Trust Inc. boosted its stake in shares of Brookfield by 102.6% during 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 in the last quarter. Castleview Partners LLC purchased a new stake in shares of Brookfield during the 3rd quarter worth about $34,000. Finally, Allworth Financial LP boosted its stake in shares of Brookfield by 256.2% during the 4th quarter. Allworth Financial LP now owns 887 shares of the company’s stock worth $36,000 after acquiring an additional 638 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Brookfield

In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of Brookfield stock in a transaction that occurred 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 completion of the sale, the director now owns 15,492,168 shares in the company, 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 the SEC website. Insiders own 11.00% of the company’s stock.

Brookfield Stock Up 1.6 %

Shares of NYSE BN opened at $39.61 on Tuesday. The company has a 50 day simple moving average of $40.75 and a 200-day simple moving average of $37.78. The company has a market capitalization of $65.03 billion, a P/E ratio of 63.88 and a beta of 1.49. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $43.17.

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

Brookfield Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.81%. This is an increase from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s dividend payout ratio (DPR) is currently 51.61%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BN. BMO Capital Markets increased their target price on shares of Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. raised their price target on shares of Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. TheStreet raised shares of Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Canaccord Genuity Group raised their price target on shares of Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, CIBC raised their price target on shares of Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Two 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.45.

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.