Gould Asset Management LLC CA Takes Position in Brookfield Co. (NYSE:BN)

Gould Asset Management LLC CA bought a new stake in Brookfield Co. (NYSE:BN) during the 4th quarter, Holdings Channel.com reports. The firm bought 5,855 shares of the company’s stock, valued at approximately $235,000.

Several other institutional investors have also recently bought and sold shares of BN. FinTrust Capital Advisors LLC bought a new stake in Brookfield in the 3rd quarter valued at approximately $25,000. Sunbelt Securities Inc. lifted its stake in 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 acquiring an additional 794 shares in the last quarter. Castleview Partners LLC bought a new stake in Brookfield in the 3rd quarter valued at approximately $34,000. Allworth Financial LP lifted its stake in Brookfield by 256.2% in the 4th quarter. Allworth Financial LP now owns 887 shares of the company’s stock valued at $36,000 after acquiring an additional 638 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in Brookfield in the 3rd quarter valued at approximately $37,000. Institutional investors own 61.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BN shares. TD Securities upped their price objective on Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a research note on Sunday, February 11th. JPMorgan Chase & Co. upped their price objective on Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. BMO Capital Markets upped their price objective on Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. TheStreet upgraded Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Finally, CIBC upped their price objective on Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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 company’s stock in a transaction 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 legal filing with the SEC, which is accessible through this link. In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the company’s 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’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 completion of the transaction, the director now directly owns 15,492,168 shares in the company, valued at $175,526,263.44. The disclosure for this sale can be found here. Insiders own 11.00% of the company’s stock.

Brookfield Stock Performance

Shares of BN stock traded up $0.73 during trading on Friday, reaching $40.96. 3,230,637 shares of the company’s stock were exchanged, compared to its average volume of 2,722,619. 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 capitalization of $67.26 billion, a PE ratio of 66.07 and a beta of 1.49. Brookfield Co. has a twelve month low of $28.84 and a twelve month high of $43.17. The firm’s fifty day moving average price is $40.80 and its 200-day moving average price is $37.96.

Brookfield (NYSE:BN) last posted its earnings results 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 business had revenue of $24.52 billion for the quarter, compared to analyst estimates of $1.15 billion. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 EPS. As a group, sell-side analysts anticipate 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 issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, March 12th. Brookfield’s dividend payout ratio is currently 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.