Brookfield Co. (NYSE:BN) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. increased its position in shares of Brookfield Co. (NYSE:BNFree Report) by 20.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 786,217 shares of the company’s stock after buying an additional 134,326 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Brookfield were worth $24,585,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC purchased a new position in Brookfield during the 3rd quarter worth approximately $25,000. Tower Research Capital LLC TRC purchased a new position in shares of Brookfield in the 3rd quarter valued at approximately $30,000. Ronald Blue Trust Inc. grew its stake 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 valued at $34,000 after purchasing an additional 517 shares during the last quarter. Money Concepts Capital Corp purchased a new position in shares of Brookfield in the 4th quarter valued at approximately $34,000. Finally, Castleview Partners LLC purchased a new position in shares of Brookfield in the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 58.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BN. 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 note on Friday, February 9th. JPMorgan Chase & Co. raised their price target on Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. 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. TD Securities raised their price target on Brookfield from $61.00 to $62.00 and gave the company an “action list buy” rating in a report on Sunday, February 11th. Finally, TheStreet raised Brookfield from a “c” rating to a “b” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.45.

View Our Latest Stock Report on Brookfield

Insider Transactions at Brookfield

In related news, Director Ocm Growth Holdings Llc sold 562,500 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $12.06, for a total value of $6,783,750.00. Following the transaction, the director now owns 16,742,168 shares in the company, valued at $201,910,546.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Ocm Growth Holdings Llc sold 562,500 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $12.06, for a total value of $6,783,750.00. Following the transaction, the director now owns 16,742,168 shares in the company, valued at $201,910,546.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Gp Ltd Bcp sold 132,700 shares of the business’s 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 completion of the transaction, the insider now owns 30,368,482 shares in the company, valued at approximately $75,010,150.54. The disclosure for this sale can be found here. Insiders sold 6,545,283 shares of company stock valued at $22,555,512 over the last quarter. Company insiders own 11.00% of the company’s stock.

Brookfield Price Performance

BN stock opened at $42.23 on Friday. The stock has a 50-day moving average price of $40.06 and a two-hundred day moving average price of $36.06. Brookfield Co. has a 12-month low of $28.25 and a 12-month high of $42.49. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.35. The company has a market cap of $69.25 billion, a PE ratio of 68.11 and a beta of 1.49.

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

Brookfield Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th will be given a $0.08 dividend. This is an increase from Brookfield’s previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, March 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.76%. Brookfield’s dividend payout ratio is presently 45.16%.

About Brookfield

(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.

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Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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