Crestmont Private Wealth LLC Grows Stock Position in Brookfield Co. (NYSE:BN)

Crestmont Private Wealth LLC raised its position in Brookfield Co. (NYSE:BNFree Report) by 9.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 11,253 shares of the company’s stock after buying an additional 936 shares during the quarter. Brookfield comprises about 0.2% of Crestmont Private Wealth LLC’s holdings, making the stock its 24th largest position. Crestmont Private Wealth LLC’s holdings in Brookfield were worth $471,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fortis Group Advisors LLC increased its holdings in Brookfield by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock valued at $27,000 after buying an additional 337 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in Brookfield by 4,670.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock valued at $25,000 after purchasing an additional 794 shares in the last quarter. Allworth Financial LP raised its stake in shares of Brookfield by 256.2% during the fourth quarter. Allworth Financial LP now owns 887 shares of the company’s stock valued at $36,000 after purchasing an additional 638 shares during the period. GAMMA Investing LLC lifted its holdings in Brookfield by 161.8% in the 1st quarter. GAMMA Investing LLC now owns 1,047 shares of the company’s stock worth $44,000 after buying an additional 647 shares in the last quarter. Finally, Oakworth Capital Inc. boosted its holdings in Brookfield by 172.3% in the fourth quarter. Oakworth Capital Inc. now owns 1,073 shares of the company’s stock valued at $43,000 after purchasing an additional 679 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BN shares. Royal Bank of Canada dropped their price objective on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $46.00 target price (up from $45.00) on shares of Brookfield in a research report on Friday, May 10th. Finally, Scotiabank lowered their price target on Brookfield from $50.00 to $49.50 and set a “sector outperform” rating on the stock in a research report on Friday, May 10th. Two investment 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $48.10.

Check Out Our Latest Stock Report on Brookfield

Insider Activity

In other news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the business’s 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 filing with the SEC, which is available through this hyperlink. In other news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $21.75, for a total transaction of $155,099.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ocm Growth Holdings Llc sold 400,000 shares of Brookfield stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $11.90, for a total transaction of $4,760,000.00. Following the sale, the director now owns 10,779,668 shares of the company’s stock, valued at approximately $128,278,049.20. The disclosure for this sale can be found here. 11.00% of the stock is owned by corporate insiders.

Brookfield Stock Down 0.6 %

NYSE BN traded down $0.24 during trading on Friday, hitting $40.57. 13,297,652 shares of the company traded hands, compared to its average volume of 2,579,722. The company has a market capitalization of $66.63 billion, a P/E ratio of 66.51 and a beta of 1.51. The business has a fifty day simple moving average of $42.18 and a 200 day simple moving average of $40.81. Brookfield Co. has a 12 month low of $28.84 and a 12 month high of $45.11. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 1.35.

Brookfield (NYSE:BNGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13. The business had revenue of $22.91 billion for the quarter. Brookfield had a net margin of 1.16% and a return on equity of 3.15%. During the same quarter in the previous year, the business posted $0.72 EPS. As a group, sell-side analysts predict that Brookfield Co. will post 3.35 EPS for the current year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.79%. Brookfield’s payout ratio is presently 52.46%.

Brookfield Company 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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