Brookfield Co. (NYSE:BN) Shares Bought by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. boosted its position in shares of Brookfield Co. (NYSE:BN) by 61.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,330 shares of the company’s stock after buying an additional 50,595 shares during the quarter. Brookfield accounts for approximately 1.1% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 16th largest position. Mraz Amerine & Associates Inc.’s holdings in Brookfield were worth $5,309,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. FinTrust Capital Advisors LLC bought a new position in Brookfield during the third quarter valued at about $25,000. Sunbelt Securities Inc. boosted its position in shares of Brookfield by 4,670.6% in the 3rd 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. Tower Research Capital LLC TRC acquired a new position in shares of Brookfield in the 3rd quarter valued at $30,000. Ronald Blue Trust Inc. boosted its position in shares of Brookfield by 102.6% in the 3rd 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. Finally, Castleview Partners LLC acquired a new position in shares of Brookfield in the 3rd quarter valued at $34,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Up 0.7 %

Shares of BN traded up $0.29 during midday trading on Wednesday, reaching $39.01. 3,984,830 shares of the stock were exchanged, compared to its average volume of 2,756,827. Brookfield Co. has a 12-month low of $28.84 and a 12-month high of $43.17. The firm has a 50 day simple moving average of $40.87 and a 200-day simple moving average 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 company has a market cap of $64.06 billion, a price-to-earnings ratio of 62.94 and a beta of 1.49.

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

Brookfield Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.82%. This is an increase from Brookfield’s previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, March 12th. Brookfield’s dividend payout ratio (DPR) is presently 51.61%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BN shares. Canaccord Genuity Group increased their price target on Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a research report on Friday, February 9th. TD Securities increased their price target on Brookfield from $61.00 to $62.00 and gave the company an “action list buy” rating in a research report on Sunday, February 11th. TheStreet upgraded Brookfield from a “c” rating to a “b” rating in a research report on Thursday, February 8th. CIBC raised their price objective on Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Finally, BMO Capital Markets raised their price objective on Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Two research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.45.

Insider Activity at Brookfield

In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm’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 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.00% of the stock is owned by company insiders.

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.