Motley Fool Asset Management LLC Sells 2,984 Shares of Brookfield Co. (NYSE:BN)

Motley Fool Asset Management LLC lessened its position in shares of Brookfield Co. (NYSE:BN) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 230,005 shares of the company’s stock after selling 2,984 shares during the period. Motley Fool Asset Management LLC’s holdings in Brookfield were worth $9,228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FinTrust Capital Advisors LLC bought a new position in shares of Brookfield in the 3rd quarter worth $25,000. Sunbelt Securities Inc. increased its holdings in shares of Brookfield by 4,670.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock worth $25,000 after buying an additional 794 shares during the last quarter. Ronald Blue Trust Inc. increased its holdings 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 worth $34,000 after buying an additional 517 shares during the last quarter. Castleview Partners LLC bought a new position in shares of Brookfield during the 3rd quarter valued at $34,000. Finally, Allworth Financial LP grew its holdings in shares of Brookfield by 256.2% during the 4th quarter. Allworth Financial LP now owns 887 shares of the company’s stock valued at $36,000 after purchasing an additional 638 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Down 0.8 %

Shares of NYSE:BN traded down $0.31 on Thursday, hitting $40.22. The company had a trading volume of 2,396,760 shares, compared to its average volume of 2,716,270. The firm’s 50-day simple moving average is $40.79 and its two-hundred day simple moving average is $37.88. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $43.17. 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 firm has a market capitalization of $66.04 billion, a price-to-earnings ratio of 64.87 and a beta of 1.49.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, February 8th. The company reported $0.83 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $1.12 EPS. Equities analysts anticipate that Brookfield Co. will post 3.75 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were paid 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 dividend on an annualized basis and a dividend yield of 0.80%. Brookfield’s payout ratio is currently 51.61%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Scotiabank increased their target price on shares of Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a report on Friday, February 9th. BMO Capital Markets increased their target price on shares of Brookfield from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, February 9th. CIBC increased their target price on shares of Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 target price on shares of Brookfield in a report on Friday, April 12th. Finally, Canaccord Genuity Group increased their price target on shares of Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.45.

Insider Transactions at Brookfield

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of Brookfield stock in a transaction that occurred 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 sale, the director now directly owns 15,492,168 shares in the company, valued at $175,526,263.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.00% of the company’s stock.

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.