Bruni J V & Co. Co. Grows Stake in Brookfield Co. (NYSE:BN)

Bruni J V & Co. Co. lifted its holdings in Brookfield Co. (NYSE:BN) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,511,006 shares of the company’s stock after purchasing an additional 1,401 shares during the quarter. Brookfield accounts for about 7.5% of Bruni J V & Co. Co.’s investment portfolio, making the stock its biggest holding. Bruni J V & Co. Co.’s holdings in Brookfield were worth $60,622,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of BN. Eldred Rock Partners LLC purchased a new position in shares of Brookfield in the fourth quarter worth approximately $9,868,000. Private Trust Co. NA grew its position in shares of Brookfield by 30.5% during the 3rd quarter. Private Trust Co. NA now owns 2,055 shares of the company’s stock valued at $64,000 after acquiring an additional 480 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Brookfield by 4.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,841,070 shares of the company’s stock worth $182,650,000 after purchasing an additional 273,474 shares in the last quarter. Northside Capital Management LLC bought a new position in Brookfield in the 4th quarter worth $229,000. Finally, Lazard Asset Management LLC bought a new stake in Brookfield during the third quarter valued at about $23,667,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Insider Buying and Selling at Brookfield

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

Brookfield Trading Up 1.8 %

Shares of NYSE:BN traded up $0.73 during trading hours on Friday, hitting $40.96. 3,230,696 shares of the company’s stock traded hands, compared to its average volume of 2,957,519. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $43.17. 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 firm has a market capitalization of $67.26 billion, a P/E ratio of 66.07 and a beta of 1.49. The business has a fifty day moving average price of $40.80 and a 200-day moving average price of $38.00.

Brookfield (NYSE:BN) last released 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. 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 analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $1.12 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. Equities analysts expect that Brookfield Co. will post 3.75 earnings per share for the current year.

Brookfield Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BN. Canaccord Genuity Group lifted their target price on shares of Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a research note on Friday, February 9th. 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. CIBC lifted their target price on Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. increased their price objective on shares of Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Finally, Scotiabank boosted their target price on shares of Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.45.

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.