Sandy Spring Bank Has $4.69 Million Holdings in Brookfield Co. (NYSE:BN)

Sandy Spring Bank decreased its position in shares of Brookfield Co. (NYSE:BNFree Report) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,797 shares of the company’s stock after selling 1,276 shares during the period. Sandy Spring Bank’s holdings in Brookfield were worth $4,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of BN. FinTrust Capital Advisors LLC acquired a new stake in Brookfield during the 3rd quarter valued at $25,000. Sunbelt Securities Inc. grew its holdings in shares of Brookfield by 4,670.6% during the third quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock worth $25,000 after purchasing an additional 794 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Brookfield in the third quarter valued at $30,000. Ronald Blue Trust Inc. raised its holdings in shares of Brookfield by 102.6% in the third quarter. Ronald Blue Trust Inc. now owns 1,021 shares of the company’s stock valued at $34,000 after buying an additional 517 shares during the last quarter. Finally, Castleview Partners LLC acquired a new position in Brookfield during the 3rd quarter worth about $34,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Up 1.4 %

Shares of Brookfield stock opened at $39.72 on Friday. The business has a fifty day simple moving average of $40.87 and a 200 day simple moving average of $37.30. The stock has a market cap of $65.17 billion, a PE ratio of 64.07 and a beta of 1.49. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.35. Brookfield Co. has a 12 month low of $28.84 and a 12 month high of $43.17.

Brookfield (NYSE:BNGet Free Report) last issued its earnings results on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.14. The firm had revenue of $24.52 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.12 earnings per share. Research analysts predict that Brookfield Co. will post 3.75 EPS for the current year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.81%. This is a boost from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s payout ratio is currently 51.61%.

Insider Buying and Selling at Brookfield

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. CIBC boosted their price objective on shares of Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Royal Bank of Canada increased their price objective on Brookfield from $52.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Scotiabank boosted their target price on Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 9th. Finally, TheStreet raised Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Brookfield has an average rating of “Moderate Buy” and a consensus target price of $47.45.

View Our Latest Stock Report on BN

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.

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Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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