Motley Fool Asset Management LLC Reduces Stock Holdings in Brookfield Co. (NYSE:BN)

Motley Fool Asset Management LLC lowered its position in Brookfield Co. (NYSE:BN) by 1.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 230,005 shares of the company’s stock after selling 2,984 shares during the period. Motley Fool Asset Management LLC’s holdings in Brookfield were worth $9,228,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BN. FinTrust Capital Advisors LLC purchased a new position in shares of Brookfield in the third quarter valued at $25,000. Sunbelt Securities Inc. increased its position in shares of Brookfield by 4,670.6% in the third quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock valued at $25,000 after buying an additional 794 shares in the last quarter. Ronald Blue Trust Inc. increased its position 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 in the last quarter. Castleview Partners LLC purchased a new position in shares of Brookfield in the third quarter valued at $34,000. Finally, Allworth Financial LP boosted 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 acquiring an additional 638 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on BN shares. Scotiabank increased their price objective on Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a research note on Friday, February 9th. TheStreet raised Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 price objective on shares of Brookfield in a research note on Friday, April 12th. TD Securities increased their price objective on Brookfield from $61.00 to $62.00 and gave the company an “action list buy” rating in a research note on Sunday, February 11th. Finally, CIBC increased their price objective on Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Two 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.45.

Brookfield Trading Down 0.8 %

NYSE:BN traded down $0.31 during mid-day trading on Thursday, reaching $40.22. The company’s stock had a trading volume of 2,396,760 shares, compared to its average volume of 2,716,270. The company’s fifty day simple moving average is $40.79 and its two-hundred day simple moving average is $37.88. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99. Brookfield Co. has a twelve month low of $28.84 and a twelve month high of $43.17. The stock has a market cap of $66.04 billion, a P/E ratio of 64.87 and a beta of 1.49.

Brookfield (NYSE:BN) last issued its quarterly 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 analyst estimates of $1.15 billion. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company earned $1.12 EPS. On average, equities 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. Stockholders of record on Wednesday, March 13th were paid a $0.08 dividend. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Tuesday, March 12th. Brookfield’s payout ratio is currently 51.61%.

Insider Activity

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of Brookfield stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $11.33, for a total value of $11,330,000.00. Following the transaction, the director now directly owns 15,492,168 shares of the company’s stock, valued at approximately $175,526,263.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.00% 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.