SVB Wealth LLC Invests $267,000 in Brookfield Co. (NYSE:BN)

SVB Wealth LLC bought a new position in shares of Brookfield Co. (NYSE:BN) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,652 shares of the company’s stock, valued at approximately $267,000.

A number of other large investors also recently modified their holdings of BN. Capital Advisors Inc. OK lifted its holdings in Brookfield by 7.1% in the fourth quarter. Capital Advisors Inc. OK now owns 868,857 shares of the company’s stock valued at $34,859,000 after buying an additional 57,345 shares during the period. Triasima Portfolio Management inc. lifted its holdings in Brookfield by 61.4% in the fourth quarter. Triasima Portfolio Management inc. now owns 789,234 shares of the company’s stock valued at $31,716,000 after buying an additional 300,150 shares during the period. Simplicity Solutions LLC acquired a new position in Brookfield in the fourth quarter valued at approximately $865,000. Live Oak Private Wealth LLC lifted its holdings in Brookfield by 1.9% in the fourth quarter. Live Oak Private Wealth LLC now owns 227,067 shares of the company’s stock valued at $9,110,000 after buying an additional 4,225 shares during the period. Finally, Sapient Capital LLC acquired a new stake in Brookfield in the fourth quarter worth $406,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the completion of the sale, the director now owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 11.00% of the company’s stock.

Brookfield Stock Performance

Shares of BN opened at $39.61 on Tuesday. The firm has a 50-day moving average of $40.75 and a 200-day moving average of $37.78. Brookfield Co. has a one year low of $28.84 and a one year high of $43.17. The company has a market cap of $65.03 billion, a PE ratio of 63.88 and a beta of 1.49. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The company had revenue of $24.52 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm posted $1.12 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities analysts forecast that Brookfield Co. will post 3.75 earnings per share for the current year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Tuesday, March 12th. This is an increase from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s dividend payout ratio (DPR) is 51.61%.

Wall Street Analysts Forecast Growth

BN has been the subject of several research reports. Scotiabank increased their price objective on shares of Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. increased their price objective 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 reissued an “outperform” rating and set a $53.00 price objective on shares of Brookfield in a research report on Friday, April 12th. BMO Capital Markets raised their target price on shares of Brookfield from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Finally, TD Securities raised 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 report on Sunday, February 11th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and an average price target of $47.45.

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.