First Western Trust Bank Purchases New Position in Brookfield Co. (NYSE:BN)

First Western Trust Bank acquired a new position in Brookfield Co. (NYSE:BN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,108 shares of the company’s stock, valued at approximately $285,000.

A number of other hedge funds have also bought and sold shares of the business. Eldred Rock Partners LLC purchased a new position in shares of Brookfield in the fourth quarter valued at $9,868,000. Choreo LLC bought a new stake in shares of Brookfield during the fourth quarter valued at about $754,000. JPMorgan Chase & Co. lifted 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 in the last quarter. Northside Capital Management LLC purchased a new stake in shares of Brookfield in the fourth quarter worth about $229,000. Finally, Lazard Asset Management LLC bought a new position in shares of Brookfield in the third quarter valued at approximately $23,667,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of Brookfield stock in a transaction that occurred 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 legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $11.33, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the company’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 disclosure for this sale can be found here. 11.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. BMO Capital Markets raised their price target on shares of Brookfield from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Royal Bank of Canada reduced their target price on Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Scotiabank raised their price target on Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a report on Friday, February 9th. Canaccord Genuity Group boosted their price objective on Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, TheStreet raised shares of Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Brookfield has a consensus rating of “Moderate Buy” and a consensus target price of $47.25.

Brookfield Price Performance

Shares of BN stock traded up $0.25 during trading hours on Thursday, hitting $44.24. 3,293,931 shares of the company’s stock were exchanged, compared to its average volume of 2,843,600. Brookfield Co. has a 12-month low of $28.84 and a 12-month high of $44.25. The company has a market capitalization of $72.64 billion, a PE ratio of 71.36 and a beta of 1.48. The business’s 50 day simple moving average is $41.10 and its 200-day simple moving average is $38.59. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.35.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.14. The business had revenue of $24.52 billion during the quarter, compared to the consensus estimate of $1.15 billion. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 earnings per share. On average, equities research analysts anticipate that Brookfield Co. will post 3.35 earnings per share for the current year.

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.