Brookfield Co. (NYSE:BN) Shares Acquired by Bamco Inc. NY

Bamco Inc. NY increased its holdings in shares of Brookfield Co. (NYSE:BN) by 6.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,287,522 shares of the company’s stock after purchasing an additional 80,303 shares during the quarter. Bamco Inc. NY’s holdings in Brookfield were worth $53,909,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fortis Group Advisors LLC lifted its stake in Brookfield by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock valued at $27,000 after buying an additional 337 shares during the last quarter. Allworth Financial LP grew its holdings in Brookfield by 256.2% in 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. Salem Investment Counselors Inc. acquired a new stake in Brookfield in the first quarter valued at $42,000. GAMMA Investing LLC lifted its position in shares of Brookfield by 161.8% in the first quarter. GAMMA Investing LLC now owns 1,047 shares of the company’s stock valued at $44,000 after acquiring an additional 647 shares in the last quarter. Finally, Oakworth Capital Inc. lifted its position in shares of Brookfield by 172.3% in the fourth quarter. Oakworth Capital Inc. now owns 1,073 shares of the company’s stock valued at $43,000 after acquiring an additional 679 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BN. Keefe, Bruyette & Woods reduced their price objective on Brookfield from $46.00 to $44.00 and set a “market perform” rating on the stock in a research report on Friday, July 12th. Royal Bank of Canada reduced their price objective on Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Finally, Scotiabank reduced their price objective on Brookfield from $50.00 to $49.50 and set a “sector outperform” rating on the stock in a research report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.90.

Brookfield Trading Up 2.0 %

NYSE BN traded up $0.94 during trading hours on Friday, hitting $47.26. 16,783,383 shares of the company’s stock were exchanged, compared to its average volume of 2,228,559. The business’s 50 day moving average is $43.39 and its 200-day moving average is $41.79. Brookfield Co. has a 12-month low of $28.84 and a 12-month high of $47.57. The firm has a market capitalization of $77.69 billion, a P/E ratio of 77.48 and a beta of 1.52. 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 released its earnings results on Thursday, May 9th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.13. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. The firm had revenue of $22.91 billion for the quarter. During the same quarter last year, the company posted $0.72 earnings per share. As a group, analysts anticipate that Brookfield Co. will post 3.35 EPS for the current fiscal year.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.68%. Brookfield’s dividend payout ratio (DPR) is 52.46%.

Insider Activity

In other news, Director Ocm Growth Holdings Llc sold 400,000 shares of Brookfield stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $11.90, for a total value of $4,760,000.00. Following the transaction, the director now directly owns 10,779,668 shares of the company’s stock, valued at approximately $128,278,049.20. 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.

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.