GenTrust LLC Takes $248,000 Position in Brookfield Co. (NYSE:BN)

GenTrust LLC purchased a new stake in shares of Brookfield Co. (NYSE:BN) during the fourth quarter, Holdings Channel reports. The fund purchased 6,190 shares of the company’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BN. FinTrust Capital Advisors LLC bought a new position in Brookfield in the 3rd quarter worth $25,000. Sunbelt Securities Inc. raised its holdings in Brookfield by 4,670.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock worth $25,000 after acquiring an additional 794 shares during the period. Tower Research Capital LLC TRC bought a new position in Brookfield in the 3rd quarter worth $30,000. Ronald Blue Trust Inc. raised its holdings in Brookfield by 102.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,021 shares of the company’s stock worth $34,000 after acquiring an additional 517 shares during the period. Finally, Castleview Partners LLC bought a new position in Brookfield in the 3rd quarter worth $34,000. Institutional investors own 61.60% of the company’s stock.

Insider Activity

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $11.33, for a total value of $11,330,000.00. Following the completion of the transaction, the director now owns 15,492,168 shares in the company, valued at $175,526,263.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Gp Ltd Bcp sold 3,922,786 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $2.20, for a total transaction of $8,630,129.20. Following the completion of the transaction, the insider now owns 23,352,826 shares in the company, valued at $51,376,217.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the 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 transaction, the director now owns 15,492,168 shares of the company’s stock, valued at approximately $175,526,263.44. The disclosure for this sale can be found here. Corporate insiders own 11.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BN. TD Securities lifted their target price on shares of Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a report on Sunday, February 11th. JPMorgan Chase & Co. raised their price target on shares of Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Canaccord Genuity Group raised their price target on shares of Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a research report on Friday, February 9th. CIBC raised their price target 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. Finally, TheStreet upgraded shares of Brookfield from a “c” rating to a “b” rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $47.45.

Brookfield Trading Up 0.7 %

BN opened at $41.87 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99. The company has a market cap of $68.70 billion, a price-to-earnings ratio of 67.53 and a beta of 1.49. The firm has a 50 day simple moving average of $40.83 and a 200 day simple moving average of $36.91. Brookfield Co. has a fifty-two week low of $28.84 and a fifty-two week high of $43.17.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. The firm had revenue of $24.52 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 earnings per share. On average, sell-side analysts anticipate that Brookfield Co. will post 3.75 earnings per share 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 was Tuesday, March 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.76%. This is a boost from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s payout ratio is currently 51.61%.

About Brookfield

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.