JPMorgan Chase & Co. Increases Brookfield (NYSE:BN) Price Target to $52.00

Brookfield (NYSE:BNFree Report) had its target price hoisted by JPMorgan Chase & Co. from $48.00 to $52.00 in a research report report published on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other analysts have also weighed in on the company. BMO Capital Markets decreased their price target on Brookfield from $45.00 to $42.00 and set an outperform rating on the stock in a report on Friday, November 10th. Keefe, Bruyette & Woods upped their price target on shares of Brookfield from $36.00 to $37.00 and gave the company a market perform rating in a report on Friday, November 10th. Scotiabank increased their price target on Brookfield from $45.00 to $46.25 and gave the stock an outperform rating in a report on Wednesday, December 20th. CIBC boosted their price objective on Brookfield from $42.00 to $46.00 and gave the company an outperform rating in a report on Thursday, January 18th. Finally, Canaccord Genuity Group increased their target price on Brookfield from $37.74 to $41.00 in a research note on Wednesday, December 20th. Two research 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 stock. According to data from MarketBeat, Brookfield currently has an average rating of Moderate Buy and an average price target of $45.60.

Get Our Latest Stock Report on Brookfield

Brookfield Stock Performance

Shares of NYSE:BN opened at $39.17 on Thursday. The firm has a fifty day simple moving average of $38.59 and a two-hundred day simple moving average of $34.98. Brookfield has a 52 week low of $28.25 and a 52 week high of $41.23. The company has a quick ratio of 1.04, a current ratio of 1.22 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $64.23 billion, a P/E ratio of -1,305.67 and a beta of 1.50.

Brookfield (NYSE:BNGet Free Report) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Brookfield had a net margin of 0.12% and a return on equity of 2.23%. The firm had revenue of $24.44 billion during the quarter, compared to the consensus estimate of $1.07 billion.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, November 30th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Wednesday, November 29th. Brookfield’s dividend payout ratio (DPR) is currently -933.33%.

Insider Buying and Selling at Brookfield

In other news, Director Ocm Growth Holdings Llc sold 12,365 shares of Brookfield stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $12.76, for a total value of $157,777.40. Following the transaction, the director now owns 16,492,168 shares of the company’s stock, valued at approximately $210,440,063.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Brookfield news, Director Ocm Growth Holdings Llc sold 12,365 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $12.76, for a total transaction of $157,777.40. Following the sale, the director now owns 16,492,168 shares of the company’s stock, valued at approximately $210,440,063.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Gp Ltd Bcp sold 132,700 shares of Brookfield stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $2.47, for a total value of $327,769.00. Following the sale, the insider now directly owns 30,368,482 shares of the company’s stock, valued at approximately $75,010,150.54. The disclosure for this sale can be found here. Insiders have sold 6,545,283 shares of company stock worth $22,555,512 over the last quarter. Insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BN. FinTrust Capital Advisors LLC acquired a new stake in shares of Brookfield during the third quarter worth about $25,000. Sunbelt Securities Inc. lifted its holdings in Brookfield by 4,670.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock worth $25,000 after buying an additional 794 shares in the last quarter. Allworth Financial LP boosted its position 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 buying an additional 638 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of Brookfield in the third quarter worth $30,000. Finally, Ronald Blue Trust Inc. increased its position in shares of Brookfield by 102.6% during the third quarter. Ronald Blue Trust Inc. now owns 1,021 shares of the company’s stock worth $34,000 after acquiring an additional 517 shares during the period. Hedge funds and other institutional investors own 58.22% of the company’s stock.

Brookfield Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Brookfield (NYSE:BN)

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