Signaturefd LLC Buys 3,109 Shares of Brookfield Co. (NYSE:BN)

Signaturefd LLC raised its stake in shares of Brookfield Co. (NYSE:BNFree Report) by 120.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,681 shares of the company’s stock after acquiring an additional 3,109 shares during the period. Signaturefd LLC’s holdings in Brookfield were worth $178,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FinTrust Capital Advisors LLC bought a new position in Brookfield during the 3rd quarter valued at $25,000. Ronald Blue Trust Inc. raised 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 worth $34,000 after purchasing an additional 517 shares during the period. Castleview Partners LLC bought a new stake in shares of Brookfield during the 3rd quarter worth $34,000. Money Concepts Capital Corp bought a new stake in shares of Brookfield during the 4th quarter worth $34,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of Brookfield by 32.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,349 shares of the company’s stock worth $45,000 after purchasing an additional 329 shares during the period. 58.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BN. JPMorgan Chase & Co. lifted their target price on Brookfield from $47.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th. Royal Bank of Canada lifted their target price on Brookfield from $44.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. TD Securities lifted their target price on Brookfield from $54.00 to $55.00 and gave the stock an “action list buy” rating in a research note on Sunday, November 12th. Scotiabank boosted their price objective on Brookfield from $45.00 to $46.25 and gave the company an “outperform” rating in a research note on Wednesday, December 20th. Finally, Keefe, Bruyette & Woods boosted their price objective on Brookfield from $36.00 to $37.00 and gave the company a “market perform” rating in a research note on Friday, November 10th. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.93.

Get Our Latest Stock Analysis on Brookfield

Insider Buying and Selling at Brookfield

In other news, Director Ocm Growth Holdings Llc sold 12,365 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $12.76, for a total transaction of $157,777.40. Following the completion of the transaction, the director now owns 16,492,168 shares of the company’s stock, valued at $210,440,063.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Gp Ltd Bcp sold 387,068 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $2.24, for a total transaction of $867,032.32. Following the completion of the transaction, the insider now owns 29,981,414 shares of the company’s stock, valued at $67,158,367.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ocm Growth Holdings Llc sold 12,365 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $12.76, for a total value of $157,777.40. Following the transaction, the director now directly owns 16,492,168 shares of the company’s stock, valued at approximately $210,440,063.68. The disclosure for this sale can be found here. Insiders sold 6,545,283 shares of company stock valued at $22,555,512 in the last quarter. 11.00% of the stock is currently owned by corporate insiders.

Brookfield Stock Down 0.2 %

BN stock opened at $40.96 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.22 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $67.17 billion, a PE ratio of -1,364.88 and a beta of 1.50. Brookfield Co. has a twelve month low of $28.25 and a twelve month high of $41.23. The stock has a 50-day simple moving average of $38.29 and a two-hundred day simple moving average of $34.89.

Brookfield (NYSE:BNGet Free Report) last posted its earnings results on Thursday, November 9th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $24.44 billion during the quarter, compared to analyst estimates of $1.07 billion. Brookfield had a return on equity of 2.23% and a net margin of 0.12%.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Thursday, November 30th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Wednesday, November 29th. Brookfield’s payout ratio is presently -933.02%.

Brookfield Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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