63,136 Shares in Brookfield Co. (NYSE:BN) Bought by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. bought a new position in Brookfield Co. (NYSE:BN) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 63,136 shares of the company’s stock, valued at approximately $2,533,000.

A number of other large investors also recently added to or reduced their stakes in BN. FinTrust Capital Advisors LLC purchased a new position in shares of Brookfield in the third quarter valued at about $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 acquiring an additional 794 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Brookfield in the third quarter valued at about $30,000. Ronald Blue Trust Inc. boosted its stake in shares of Brookfield by 102.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,021 shares of the company’s stock valued at $34,000 after purchasing an additional 517 shares in the last quarter. Finally, Castleview Partners LLC bought a new stake in shares of Brookfield during the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 0.5 %

Shares of NYSE BN traded down $0.21 during midday trading on Tuesday, hitting $38.78. The stock had a trading volume of 3,458,972 shares, compared to its average volume of 2,723,035. The business’s 50 day moving average is $40.89 and its 200-day moving average is $37.48. The company has a market cap of $63.68 billion, a P/E ratio of 62.89 and a beta of 1.49. Brookfield Co. has a 52 week low of $28.84 and a 52 week high of $43.17. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.35.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.14. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The firm had revenue of $24.52 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $1.12 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. As a group, analysts predict that Brookfield Co. will post 3.75 EPS for the current year.

Brookfield Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.08 per share. This is a boost from Brookfield’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Tuesday, March 12th. Brookfield’s dividend payout ratio is currently 51.61%.

Insider Buying and Selling at Brookfield

In other Brookfield 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 transaction of $11,330,000.00. Following the completion of the sale, the director now directly owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 11.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BN shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 target price on shares of Brookfield in a research note on Friday. Scotiabank lifted their target price on shares of Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a research note on Friday, February 9th. Canaccord Genuity Group lifted their target price on shares of Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a research note on Friday, February 9th. TD Securities lifted their target price on shares of 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, TheStreet raised shares of Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Two research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.45.

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.