Callan Capital LLC Buys Shares of 5,116 Brookfield Co. (NYSE:BN)

Callan Capital LLC purchased a new stake in shares of Brookfield Co. (NYSE:BN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,116 shares of the company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BN. Sunbelt Securities Inc. boosted its holdings in Brookfield by 4,670.6% in the third quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock worth $25,000 after purchasing an additional 794 shares during the last quarter. Connectus Wealth LLC boosted its holdings in Brookfield by 1,049.1% in the fourth quarter. Connectus Wealth LLC now owns 610,911 shares of the company’s stock worth $25,000 after purchasing an additional 557,749 shares during the last quarter. Fortis Group Advisors LLC boosted its holdings in Brookfield by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock worth $27,000 after purchasing an additional 337 shares during the last quarter. Allworth Financial LP boosted its holdings in Brookfield by 256.2% in the fourth quarter. Allworth Financial LP now owns 887 shares of the company’s stock worth $36,000 after purchasing an additional 638 shares during the last quarter. Finally, Salem Investment Counselors Inc. purchased a new stake in Brookfield in the first quarter worth approximately $42,000. Institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BN shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $46.00 price target (up previously from $45.00) on shares of Brookfield in a research note on Friday, May 10th. Scotiabank reduced their target price on shares of Brookfield from $50.00 to $49.50 and set a “sector outperform” rating on the stock in a report on Friday, May 10th. Finally, Royal Bank of Canada dropped their price target on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Brookfield presently has a consensus rating of “Moderate Buy” and an average price target of $48.10.

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 shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total transaction of $155,099.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ocm Growth Holdings Llc sold 400,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $11.90, for a total transaction of $4,760,000.00. Following the transaction, the director now owns 10,779,668 shares in the company, valued at approximately $128,278,049.20. The disclosure for this sale can be found here. 11.00% of the stock is currently owned by company insiders.

Brookfield Stock Up 2.6 %

Shares of BN traded up $1.10 during mid-day trading on Wednesday, hitting $44.09. The company’s stock had a trading volume of 1,398,432 shares, compared to its average volume of 3,085,498. The company’s 50-day moving average is $42.72 and its 200-day moving average is $41.17. Brookfield Co. has a 52-week low of $28.84 and a 52-week high of $45.11. The firm has a market capitalization of $72.47 billion, a price-to-earnings ratio of 71.69 and a beta of 1.52. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 1.35.

Brookfield (NYSE:BN) last announced its quarterly 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. The firm had revenue of $22.91 billion during the quarter. Brookfield had a net margin of 1.16% and a return on equity of 3.15%. During the same period in the previous year, the company posted $0.72 EPS. On average, equities research analysts forecast 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. Investors of record on Thursday, June 13th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.32 annualized dividend and a dividend yield of 0.73%. Brookfield’s dividend payout ratio (DPR) is presently 52.46%.

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.