Mraz Amerine & Associates Inc. Boosts Stock Holdings in Brookfield Co. (NYSE:BN)

Mraz Amerine & Associates Inc. raised its holdings in shares of Brookfield Co. (NYSE:BN) by 61.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 132,330 shares of the company’s stock after purchasing an additional 50,595 shares during the period. Brookfield accounts for about 1.1% of Mraz Amerine & Associates Inc.’s portfolio, making the stock its 16th largest position. Mraz Amerine & Associates Inc.’s holdings in Brookfield were worth $5,309,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eldred Rock Partners LLC purchased a new position in shares of Brookfield in the 4th quarter worth approximately $9,868,000. Private Trust Co. NA grew its position in Brookfield by 30.5% during the 3rd quarter. Private Trust Co. NA now owns 2,055 shares of the company’s stock worth $64,000 after purchasing an additional 480 shares during the last quarter. JPMorgan Chase & Co. grew its position in Brookfield by 4.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,841,070 shares of the company’s stock worth $182,650,000 after purchasing an additional 273,474 shares during the last quarter. Northside Capital Management LLC purchased a new stake in Brookfield during the 4th quarter worth approximately $229,000. Finally, Lazard Asset Management LLC purchased a new stake in Brookfield during the 3rd quarter worth approximately $23,667,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on BN shares. Canaccord Genuity Group boosted their target price 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. CIBC boosted their price target on shares of Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Scotiabank boosted their price target on shares of Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a report on Friday, February 9th. BMO Capital Markets boosted their price target on shares of Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Finally, TheStreet raised shares of Brookfield from a “c” rating to a “b” rating in a report on Thursday, February 8th. Two equities research 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.45.

Insider Buying and Selling at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business’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 transaction, the director now directly owns 15,492,168 shares of the company’s stock, valued at approximately $175,526,263.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 11.00% of the stock is currently owned by corporate insiders.

Brookfield Stock Up 0.7 %

Brookfield stock traded up $0.29 during trading on Wednesday, reaching $39.01. The stock had a trading volume of 3,984,830 shares, compared to its average volume of 2,756,827. Brookfield Co. has a 52-week low of $28.84 and a 52-week high of $43.17. The business has a 50 day moving average price of $40.87 and a 200 day moving average price of $37.53. 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 stock has a market cap of $64.06 billion, a PE ratio of 62.94 and a beta of 1.49.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.14. The company 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 firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $1.12 earnings per share. On average, analysts predict that Brookfield Co. will post 3.75 EPS for the current year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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 yield of 0.82%. The ex-dividend date of this dividend was Tuesday, March 12th. Brookfield’s 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.