Brookfield Co. (NYSE:BN) Position Raised by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC boosted its position in Brookfield Co. (NYSE:BN) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 227,067 shares of the company’s stock after purchasing an additional 4,225 shares during the period. Brookfield makes up about 1.7% of Live Oak Private Wealth LLC’s portfolio, making the stock its 16th largest holding. Live Oak Private Wealth LLC’s holdings in Brookfield were worth $9,110,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eldred Rock Partners LLC acquired a new stake in shares of Brookfield during the fourth quarter worth $9,868,000. Private Trust Co. NA lifted its stake in Brookfield by 30.5% during the third quarter. Private Trust Co. NA now owns 2,055 shares of the company’s stock valued at $64,000 after buying an additional 480 shares in the last quarter. Salvus Wealth Management LLC boosted its holdings in shares of Brookfield by 12.2% in the third quarter. Salvus Wealth Management LLC now owns 110,110 shares of the company’s stock worth $3,443,000 after buying an additional 12,007 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Brookfield by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 5,841,070 shares of the company’s stock worth $182,650,000 after buying an additional 273,474 shares during the period. Finally, Northside Capital Management LLC purchased a new position in shares of Brookfield in the fourth quarter worth approximately $229,000. 61.60% of the stock is owned by institutional investors.

Insider Transactions at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 15,492,168 shares of the company’s stock, valued at approximately $175,526,263.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BN shares. CIBC raised their price objective on shares of Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Scotiabank raised their target price on Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 9th. TD Securities upped 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. Canaccord Genuity Group raised their price objective on Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 target price on shares of Brookfield in a research note on Friday. 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.45.

Brookfield Stock Down 1.1 %

Shares of BN stock traded down $0.42 on Friday, hitting $39.30. The company’s stock had a trading volume of 3,805,380 shares, compared to its average volume of 2,684,652. The stock has a market capitalization of $64.48 billion, a price-to-earnings ratio of 63.39 and a beta of 1.49. Brookfield Co. has a fifty-two week low of $28.84 and a fifty-two week high of $43.17. The firm’s fifty day moving average price is $40.88 and its 200-day moving average price is $37.35. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99.

Brookfield (NYSE:BN) last announced its quarterly 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 company had revenue of $24.52 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm earned $1.12 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Research analysts anticipate that Brookfield Co. will post 3.75 EPS for the current year.

Brookfield Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were given a $0.08 dividend. 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.81%. Brookfield’s dividend payout ratio (DPR) is currently 51.61%.

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.