Skba Capital Management LLC Trims Position in Brookfield Co. (NYSE:BN)

Skba Capital Management LLC lessened its holdings in shares of Brookfield Co. (NYSE:BNFree Report) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,013 shares of the company’s stock after selling 372 shares during the quarter. Skba Capital Management LLC’s holdings in Brookfield were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BN. Parkside Financial Bank & Trust grew its stake in shares of Brookfield by 32.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,349 shares of the company’s stock worth $45,000 after acquiring an additional 329 shares during the last quarter. Retirement Group LLC raised its stake in shares of Brookfield by 0.5% in the second quarter. Retirement Group LLC now owns 80,512 shares of the company’s stock worth $2,709,000 after buying an additional 389 shares during the period. Maryland State Retirement & Pension System grew its position in shares of Brookfield by 0.8% during the third quarter. Maryland State Retirement & Pension System now owns 50,507 shares of the company’s stock worth $1,580,000 after purchasing an additional 410 shares in the last quarter. Moors & Cabot Inc. grew its position in shares of Brookfield by 3.1% during the third quarter. Moors & Cabot Inc. now owns 13,891 shares of the company’s stock worth $434,000 after purchasing an additional 416 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Brookfield by 39.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,491 shares of the company’s stock worth $47,000 after purchasing an additional 420 shares in the last quarter. Institutional investors own 58.22% of the company’s stock.

Wall Street Analysts Forecast Growth

BN has been the subject of several research analyst reports. 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. JPMorgan Chase & Co. raised their price target on Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Keefe, Bruyette & Woods raised their price target on Brookfield from $36.00 to $37.00 and gave the stock a “market perform” rating in a research note on Friday, November 10th. TheStreet raised Brookfield from a “c” rating to a “b” rating in a research report on Thursday. Finally, BMO Capital Markets lifted their target price on Brookfield from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday. Two 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’s stock. According to data from MarketBeat.com, Brookfield currently has an average rating of “Moderate Buy” and an average price target of $47.35.

Get Our Latest Report on Brookfield

Insider Activity

In other Brookfield news, Director Ocm Growth Holdings Llc sold 562,500 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $12.06, for a total transaction of $6,783,750.00. Following the completion of the transaction, the director now owns 16,742,168 shares of the company’s stock, valued at $201,910,546.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Gp Ltd Bcp sold 387,068 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $2.24, for a total value of $867,032.32. Following the transaction, the insider now directly owns 29,981,414 shares in the company, valued at approximately $67,158,367.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ocm Growth Holdings Llc sold 562,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $12.06, for a total transaction of $6,783,750.00. Following the completion of the transaction, the director now owns 16,742,168 shares in the company, valued at $201,910,546.08. The disclosure for this sale can be found here. Insiders sold a total of 6,545,283 shares of company stock valued at $22,555,512 in the last quarter. 11.00% of the stock is currently owned by company insiders.

Brookfield Stock Up 1.5 %

BN stock traded up $0.60 on Monday, hitting $41.44. 278,204 shares of the company’s stock were exchanged, compared to its average volume of 2,357,401. Brookfield Co. has a 12-month low of $28.25 and a 12-month high of $41.46. The firm has a 50 day moving average price of $39.06 and a two-hundred day moving average price of $35.14. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15. The stock has a market cap of $67.95 billion, a P/E ratio of 65.87 and a beta of 1.50.

Brookfield (NYSE:BNGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.14. The business had revenue of $24.52 billion for the quarter, compared to the consensus estimate of $1.15 billion. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 EPS. As a group, equities research analysts expect that Brookfield Co. will post 3.75 EPS for the current fiscal year.

Brookfield Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Tuesday, March 12th. This is a boost from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s payout ratio is 45.16%.

Brookfield Profile

(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.

Recommended Stories

Want to see what other hedge funds are holding BN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Co. (NYSE:BNFree Report).

Institutional Ownership by Quarter for Brookfield (NYSE:BN)

Receive News & Ratings for Brookfield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield and related companies with MarketBeat.com's FREE daily email newsletter.