Brookfield Co. (NYSE:BN) Shares Acquired by Kathleen S. Wright Associates Inc.

Kathleen S. Wright Associates Inc. lifted its position in shares of Brookfield Co. (NYSE:BN) by 1.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,794 shares of the company’s stock after acquiring an additional 1,321 shares during the period. Brookfield comprises approximately 1.6% of Kathleen S. Wright Associates Inc.’s holdings, making the stock its 16th largest holding. Kathleen S. Wright Associates Inc.’s holdings in Brookfield were worth $3,526,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Blacksheep Fund Management Ltd acquired a new stake in Brookfield in the fourth quarter worth $101,800,000. Eldred Rock Partners LLC acquired a new stake in Brookfield in the fourth quarter worth $9,868,000. Choreo LLC acquired a new stake in Brookfield in the fourth quarter worth $754,000. Norges Bank acquired a new stake in Brookfield in the fourth quarter worth $614,104,000. Finally, Gold Investment Management Ltd. acquired a new stake in Brookfield in the fourth quarter worth $4,473,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BN. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $46.00 price target (up from $45.00) on shares of Brookfield in a report on Friday, May 10th. Royal Bank of Canada lowered their price target on Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. 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 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and an average target price of $48.10.

Brookfield Trading Down 0.0 %

BN traded down $0.02 during trading on Friday, reaching $41.54. The company had a trading volume of 1,549,328 shares, compared to its average volume of 5,315,918. The firm’s 50-day simple moving average is $42.43 and its 200 day simple moving average is $40.99. The company has a market cap of $68.28 billion, a price-to-earnings ratio of 68.10 and a beta of 1.51. Brookfield Co. has a 12-month low of $28.84 and a 12-month high of $45.11. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.02 and a current ratio of 1.17.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. The firm had revenue of $22.91 billion for the quarter. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. During the same period in the prior year, the business posted $0.72 EPS. Equities research analysts anticipate that Brookfield Co. will post 3.35 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.32 annualized dividend and a yield of 0.77%. Brookfield’s dividend payout ratio (DPR) is presently 52.46%.

Insider Buying and Selling at Brookfield

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

Brookfield 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.