Brookfield Co. (NYSE:BN) Shares Acquired by Bruni J V & Co. Co.

Bruni J V & Co. Co. raised its position in Brookfield Co. (NYSE:BN) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,511,006 shares of the company’s stock after buying an additional 1,401 shares during the period. Brookfield accounts for about 7.5% of Bruni J V & Co. Co.’s investment portfolio, making the stock its biggest position. Bruni J V & Co. Co. owned 0.09% of Brookfield worth $60,622,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in Brookfield by 8.9% during the 3rd quarter. Principal Financial Group Inc. now owns 63,734,864 shares of the company’s stock worth $1,993,867,000 after acquiring an additional 5,192,256 shares during the period. Vanguard Group Inc. grew its stake in Brookfield by 1.9% in the third quarter. Vanguard Group Inc. now owns 55,429,678 shares of the company’s stock valued at $1,733,286,000 after acquiring an additional 1,016,222 shares during the period. Bank of Nova Scotia raised its position in shares of Brookfield by 1.2% during the third quarter. Bank of Nova Scotia now owns 20,312,486 shares of the company’s stock worth $635,326,000 after purchasing an additional 242,567 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Brookfield by 21.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 19,233,299 shares of the company’s stock valued at $602,966,000 after purchasing an additional 3,331,522 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its position in shares of Brookfield by 8.3% in the 4th quarter. DAVENPORT & Co LLC now owns 10,335,443 shares of the company’s stock valued at $416,260,000 after purchasing an additional 795,309 shares during the period. 61.60% of the stock is owned by institutional investors.

Brookfield Price Performance

NYSE:BN traded up $0.73 on Friday, hitting $40.96. The company had a trading volume of 3,230,696 shares, compared to its average volume of 2,957,519. The firm has a 50 day moving average of $40.80 and a two-hundred day moving average of $38.00. The stock has a market capitalization of $67.26 billion, a price-to-earnings ratio of 66.07 and a beta of 1.49. Brookfield Co. has a 52 week low of $28.84 and a 52 week 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.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, February 8th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.69 by $0.14. The business had revenue of $24.52 billion for 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 firm’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $1.12 EPS. On average, research analysts anticipate that Brookfield Co. will post 3.75 earnings per share for the current year.

Brookfield Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Tuesday, March 12th. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s payout ratio is 51.61%.

Analyst Ratings Changes

A number of brokerages have recently commented on BN. TD Securities boosted their price objective on shares of Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a research report on Sunday, February 11th. Canaccord Genuity Group upped their target price on Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a report on Friday, February 9th. JPMorgan Chase & Co. raised their price target on Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Scotiabank upped their price objective on Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 9th. Finally, CIBC raised their target price 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.45.

Insider Buying and Selling at Brookfield

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

About Brookfield

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.