Choreo LLC Takes Position in Brookfield Co. (NYSE:BN)

Choreo LLC bought a new stake in Brookfield Co. (NYSE:BN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 18,805 shares of the company’s stock, valued at approximately $754,000.

A number of other large investors have also modified their holdings of the stock. Gilbert & Cook Inc. grew its stake in shares of Brookfield by 5.4% in the fourth quarter. Gilbert & Cook Inc. now owns 35,468 shares of the company’s stock valued at $1,423,000 after buying an additional 1,833 shares in the last quarter. Legacy Capital Wealth Partners LLC acquired a new stake in shares of Brookfield in the fourth quarter valued at about $308,000. Gould Asset Management LLC CA acquired a new stake in shares of Brookfield in the fourth quarter valued at about $235,000. Jackson Hole Capital Partners LLC grew its stake in shares of Brookfield by 6.9% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 41,258 shares of the company’s stock valued at $1,655,000 after buying an additional 2,649 shares in the last quarter. Finally, Bfsg LLC purchased a new position in Brookfield in the fourth quarter valued at about $240,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Trading Up 2.1 %

NYSE:BN opened at $40.98 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.35. The business’s 50 day moving average is $40.81 and its two-hundred day moving average is $38.14. Brookfield Co. has a 52 week low of $28.84 and a 52 week high of $43.17. The company has a market cap of $67.29 billion, a PE ratio of 66.10 and a beta of 1.49.

Brookfield (NYSE:BN) last released its earnings results on Thursday, February 8th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.14. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The company had revenue of $24.52 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the business posted $1.12 EPS. Brookfield’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that Brookfield Co. will post 3.75 EPS for the current year.

Brookfield Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s payout ratio is currently 51.61%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BN. Royal Bank of Canada reduced their price target on Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a report on Monday. Scotiabank increased their price target on Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a report on Friday, February 9th. TD Securities increased their price target on Brookfield from $61.00 to $62.00 and gave the company an “action list buy” rating in a report on Sunday, February 11th. BMO Capital Markets increased their price target on Brookfield from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Finally, Canaccord Genuity Group increased their price target on Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a report on Friday, February 9th. 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 company. According to data from MarketBeat, Brookfield presently has a consensus rating of “Moderate Buy” and an average price target of $47.25.

Insider Activity at Brookfield

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 stock was 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 this link. 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 stock was 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 this link. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $11.33, for a total value of $11,330,000.00. Following the transaction, the director now owns 15,492,168 shares of the company’s stock, valued at approximately $175,526,263.44. The disclosure for this sale can be found here. Insiders own 11.00% of the company’s stock.

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.