Brookfield Co. (NYSE:BN) Major Shareholder Oaktree Capital Group Holdings Sells 7,131 Shares of Stock

Brookfield Co. (NYSE:BN) major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the firm’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 Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Brookfield Trading Up 1.8 %

Shares of BN stock opened at $40.96 on Friday. 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 firm has a market capitalization of $67.26 billion, a PE ratio of 66.07 and a beta of 1.49. The stock has a fifty day moving average of $40.80 and a two-hundred day moving average of $37.96. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $43.17.

Brookfield (NYSE:BN) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 earnings per share. As a group, research analysts expect 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. Stockholders of record on Wednesday, March 13th were issued a $0.08 dividend. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, March 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.78%. Brookfield’s dividend payout ratio is 51.61%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Scotiabank raised their price target on Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a report on Friday, February 9th. JPMorgan Chase & Co. raised their price target on Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. BMO Capital Markets raised their price target on Brookfield from $42.00 to $44.00 and gave the stock an “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 stock an “action list buy” rating in a report on Sunday, February 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $53.00 price target on shares of Brookfield in a research report on Friday, April 12th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.45.

Institutional Trading of Brookfield

Several institutional investors have recently modified their holdings of BN. Capital World Investors lifted its holdings in shares of Brookfield by 102.2% in the fourth quarter. Capital World Investors now owns 49,424,522 shares of the company’s stock valued at $1,982,903,000 after buying an additional 24,975,364 shares during the period. Norges Bank acquired a new stake in shares of Brookfield during the fourth quarter worth $614,104,000. Principal Financial Group Inc. raised its position in shares of Brookfield by 8.9% during the third quarter. Principal Financial Group Inc. now owns 63,734,864 shares of the company’s stock worth $1,993,867,000 after purchasing an additional 5,192,256 shares during the period. TD Asset Management Inc raised its position in shares of Brookfield by 16.2% during the fourth quarter. TD Asset Management Inc now owns 26,542,983 shares of the company’s stock worth $1,069,892,000 after purchasing an additional 3,702,266 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Brookfield by 21.0% during the third quarter. The Manufacturers Life Insurance Company now owns 19,233,299 shares of the company’s stock worth $602,966,000 after purchasing an additional 3,331,522 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Company Profile

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.