Gold Investment Management Ltd. Has $4.58 Million Stake in Brookfield Co. (NYSE:BN)

Gold Investment Management Ltd. reduced its holdings in shares of Brookfield Co. (NYSE:BN) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,533 shares of the company’s stock after selling 1,963 shares during the period. Brookfield comprises about 1.9% of Gold Investment Management Ltd.’s investment portfolio, making the stock its 15th biggest position. Gold Investment Management Ltd.’s holdings in Brookfield were worth $4,584,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BN. Sunbelt Securities Inc. raised its stake in shares of Brookfield by 4,670.6% during the third quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock worth $25,000 after buying an additional 794 shares during the last quarter. Connectus Wealth LLC boosted its holdings in Brookfield by 1,049.1% during 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 raised its position in Brookfield by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock worth $27,000 after acquiring an additional 337 shares in the last quarter. Allworth Financial LP raised its position in shares of 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 period. Finally, Salem Investment Counselors Inc. bought a new position in shares of Brookfield in the first quarter valued at about $42,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Price Performance

Shares of BN traded up $1.10 during mid-day trading on Wednesday, hitting $44.09. 1,450,776 shares of the stock were exchanged, compared to its average volume of 3,085,897. The company has a market cap of $72.47 billion, a PE ratio of 72.28 and a beta of 1.52. Brookfield Co. has a 52-week low of $28.84 and a 52-week high of $45.11. The firm has a 50-day moving average of $42.78 and a two-hundred day moving average of $41.19. 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 posted its quarterly earnings results on Thursday, May 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. The business had revenue of $22.91 billion for the quarter. During the same period in the previous year, the company posted $0.72 EPS. On average, equities analysts predict that Brookfield Co. will post 3.35 earnings per share for the current year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, June 13th. Brookfield’s payout ratio is currently 52.46%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BN shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $46.00 price objective (up from $45.00) on shares of Brookfield in a research note on Friday, May 10th. Scotiabank cut their price objective 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 lowered their price objective on Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Two equities 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.10.

Insider Buying and Selling at Brookfield

In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of Brookfield 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 transaction was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $21.75, for a total value of $155,099.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 value of $4,760,000.00. Following the sale, the director now directly owns 10,779,668 shares of the company’s stock, valued at $128,278,049.20. The disclosure for this sale can be found here. 11.00% of the stock is owned by corporate insiders.

Brookfield 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.