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

Jackson Hole Capital Partners LLC raised its position in Brookfield Co. (NYSE:BN) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,258 shares of the company’s stock after purchasing an additional 2,649 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Brookfield were worth $1,655,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BN. CWM LLC increased its stake in Brookfield by 66.8% in the third quarter. CWM LLC now owns 8,774 shares of the company’s stock valued at $274,000 after purchasing an additional 3,513 shares in the last quarter. AE Wealth Management LLC increased its position in shares of Brookfield by 10.0% during the third quarter. AE Wealth Management LLC now owns 17,591 shares of the company’s stock worth $550,000 after acquiring an additional 1,603 shares in the last quarter. Ronald Blue Trust Inc. increased its position 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 worth $34,000 after acquiring an additional 517 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of Brookfield by 16.3% during the third quarter. Ritholtz Wealth Management now owns 9,095 shares of the company’s stock worth $284,000 after acquiring an additional 1,274 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of Brookfield by 30.5% during the third quarter. Private Trust Co. NA now owns 2,055 shares of the company’s stock worth $64,000 after acquiring an additional 480 shares in the last quarter. 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 stock in a transaction dated 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 $175,526,263.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Scotiabank increased their price objective on shares of Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 9th. TheStreet raised shares of Brookfield from a “c” rating to a “b” rating in a research report on Thursday, February 8th. TD Securities increased 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. CIBC increased their target price on shares of Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $53.00 target price on shares of Brookfield in a report on Friday, April 12th. Two investment 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.45.

Brookfield Stock Performance

BN stock traded down $0.31 during trading hours on Thursday, reaching $40.22. The stock had a trading volume of 2,396,760 shares, compared to its average volume of 2,716,270. The stock has a market capitalization of $66.04 billion, a PE ratio of 64.87 and a beta of 1.49. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99. The stock has a 50-day simple moving average of $40.79 and a 200 day simple moving average of $37.88. Brookfield Co. has a fifty-two week low of $28.84 and a fifty-two week high of $43.17.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. The firm had revenue of $24.52 billion during 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 company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 earnings per share. Analysts predict that Brookfield Co. will post 3.75 EPS for the current fiscal year.

Brookfield Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This is a positive change 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 is presently 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.