Brookfield Co. (NYSE:BN) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its position in shares of Brookfield Co. (NYSE:BN) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 407,491 shares of the company’s stock after selling 4,970 shares during the period. Motley Fool Wealth Management LLC’s holdings in Brookfield were worth $16,293,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. FinTrust Capital Advisors LLC acquired a new stake in Brookfield in the third quarter valued at $25,000. Sunbelt Securities Inc. raised its holdings in 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 in the last quarter. Allworth Financial LP increased its stake in 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 purchasing an additional 638 shares during the last quarter. Oakworth Capital Inc. increased its stake in Brookfield by 172.3% during the fourth quarter. Oakworth Capital Inc. now owns 1,073 shares of the company’s stock valued at $43,000 after purchasing an additional 679 shares during the last quarter. Finally, Castleview Partners LLC bought a new stake in Brookfield during the third quarter valued at $34,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. TD Securities boosted 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. JPMorgan Chase & Co. upped 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $53.00 target price on shares of Brookfield in a research report on Friday, April 12th. CIBC increased their target price on shares of Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Finally, Scotiabank increased their target price on shares of Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.45.

Brookfield Stock Up 1.8 %

NYSE BN traded up $0.73 during trading on Friday, hitting $40.96. The stock had a trading volume of 3,230,696 shares, compared to its average volume of 2,957,519. The company has a market capitalization of $67.26 billion, a PE ratio of 66.07 and a beta of 1.49. The company’s 50-day moving average price is $40.80 and its two-hundred day moving average price is $38.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15. Brookfield Co. has a 12 month low of $28.84 and a 12 month high of $43.17.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 EPS. As a group, sell-side analysts forecast 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. 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 is a positive change from Brookfield’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.78%. Brookfield’s payout ratio is presently 51.61%.

Insider Buying and Selling

In related news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the business’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 transaction of $155,099.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the company’s stock in a transaction 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 document filed with the SEC, which can be accessed through this link. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’s stock in a transaction 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 directly owns 15,492,168 shares in the company, valued at $175,526,263.44. The disclosure for this sale can be found here. 11.00% of the stock is owned by insiders.

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.