Jackson Hole Capital Partners LLC Acquires 2,649 Shares of Brookfield Co. (NYSE:BN)

Jackson Hole Capital Partners LLC grew its stake in shares of Brookfield Co. (NYSE:BN) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 41,258 shares of the company’s stock after buying an additional 2,649 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Brookfield were worth $1,655,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FinTrust Capital Advisors LLC purchased a new stake in shares of Brookfield during the third quarter valued at approximately $25,000. Sunbelt Securities Inc. boosted its stake in shares of Brookfield by 4,670.6% during the third quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock valued at $25,000 after purchasing an additional 794 shares during the period. Ronald Blue Trust Inc. boosted its stake in shares of Brookfield by 102.6% during the third quarter. Ronald Blue Trust Inc. now owns 1,021 shares of the company’s stock valued at $34,000 after purchasing an additional 517 shares during the period. Castleview Partners LLC purchased a new stake in shares of Brookfield during the third quarter valued at approximately $34,000. Finally, Allworth Financial LP boosted its stake in shares of Brookfield by 256.2% during the fourth quarter. Allworth Financial LP now owns 887 shares of the company’s stock valued at $36,000 after purchasing an additional 638 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Insider Activity

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the completion of the transaction, the director now directly owns 15,492,168 shares in the company, valued at $175,526,263.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BN shares. Scotiabank increased their price objective on Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a research note on Friday, February 9th. Canaccord Genuity Group raised their price target on Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. raised their price target on Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. TheStreet raised Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $53.00 price target on shares of Brookfield in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.45.

Brookfield Stock Down 0.8 %

Brookfield stock traded down $0.31 on Thursday, hitting $40.22. 2,396,760 shares of the stock traded hands, compared to its average volume of 2,716,270. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $43.17. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.35. The business’s fifty day simple moving average is $40.79 and its 200 day simple moving average is $37.88. The firm has a market cap of $66.04 billion, a P/E ratio of 64.87 and a beta of 1.49.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.14. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The firm had revenue of $24.52 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $1.12 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that Brookfield Co. will post 3.75 earnings per share for the current year.

Brookfield Increases Dividend

The business 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 is an increase from Brookfield’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. Brookfield’s dividend payout ratio (DPR) is presently 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.