Quent Capital LLC Sells 1,807 Shares of Brookfield Co. (NYSE:BN)

Quent Capital LLC trimmed its position in Brookfield Co. (NYSE:BN) by 50.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,797 shares of the company’s stock after selling 1,807 shares during the quarter. Quent Capital LLC’s holdings in Brookfield were worth $75,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Connectus Wealth LLC grew its stake in Brookfield by 1,049.1% in the 4th quarter. Connectus Wealth LLC now owns 610,911 shares of the company’s stock valued at $25,000 after buying an additional 557,749 shares during the last quarter. Fortis Group Advisors LLC grew its stake in Brookfield by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock valued at $27,000 after buying an additional 337 shares during the last quarter. Allworth Financial LP grew its stake in Brookfield by 256.2% in the 4th quarter. Allworth Financial LP now owns 887 shares of the company’s stock valued at $36,000 after buying an additional 638 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in Brookfield in the 1st quarter valued at about $42,000. Finally, Oakworth Capital Inc. grew its stake in Brookfield by 172.3% in the 4th quarter. Oakworth Capital Inc. now owns 1,073 shares of the company’s stock valued at $43,000 after buying an additional 679 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BN. JPMorgan Chase & Co. upped their price target on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Royal Bank of Canada decreased their target price on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Scotiabank increased their target price on shares of Brookfield from $49.50 to $50.50 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. TD Securities increased their target price on shares of Brookfield from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Brookfield from $46.00 to $44.00 and set a “market perform” rating on the stock in a research report on Friday, July 12th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Brookfield has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Brookfield Price Performance

Shares of Brookfield stock traded down $0.54 on Wednesday, reaching $44.13. 1,296,912 shares of the stock were exchanged, compared to its average volume of 3,224,273. The firm’s 50 day moving average is $43.67 and its 200-day moving average is $42.15. Brookfield Co. has a one year low of $28.84 and a one year high of $49.44. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.02 and a current ratio of 1.17. The firm has a market cap of $72.53 billion, a PE ratio of 72.43 and a beta of 1.52.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. Brookfield had a net margin of 1.16% and a return on equity of 3.15%. The company had revenue of $22.91 billion during the quarter. During the same period last year, the company posted $0.72 EPS. As a group, analysts anticipate that Brookfield Co. will post 3.35 EPS for the current fiscal year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.73%. Brookfield’s dividend payout ratio is currently 52.46%.

Insider Buying and Selling at Brookfield

In other Brookfield 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 value of $4,760,000.00. Following the sale, the director now owns 10,779,668 shares in the company, valued at $128,278,049.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.00% of the company’s stock.

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.