35,426 Shares in Brookfield Co. (NYSE:BN) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new stake in Brookfield Co. (NYSE:BN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 35,426 shares of the company’s stock, valued at approximately $14,210,000.

A number of other large investors have also recently bought and sold shares of the company. Bleakley Financial Group LLC bought a new stake in Brookfield during the 4th quarter worth about $865,000. Callahan Advisors LLC raised its holdings in Brookfield by 1.4% during the fourth quarter. Callahan Advisors LLC now owns 471,659 shares of the company’s stock worth $18,923,000 after acquiring an additional 6,516 shares in the last quarter. Cubic Asset Management LLC acquired a new position in Brookfield during the fourth quarter valued at approximately $217,000. DekaBank Deutsche Girozentrale grew its stake in Brookfield by 59.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 248,810 shares of the company’s stock valued at $9,950,000 after purchasing an additional 93,191 shares in the last quarter. Finally, Smith Salley & Associates grew its stake in Brookfield by 2.4% in the fourth quarter. Smith Salley & Associates now owns 521,220 shares of the company’s stock valued at $20,910,000 after purchasing an additional 12,190 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Scotiabank increased their price objective on Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a report on Friday, February 9th. Canaccord Genuity Group raised their target price on shares of Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. lifted their price target on Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. CIBC lifted their target price on Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada cut their price target on Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a report 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.25.

Insider Activity at Brookfield

In other 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $11.33, for a total value of $11,330,000.00. Following the sale, the director now directly owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 disclosure for this sale can be found here. 11.00% of the stock is owned by insiders.

Brookfield Trading Up 2.4 %

Shares of Brookfield stock opened at $42.63 on Friday. Brookfield Co. has a 52-week low of $28.84 and a 52-week high of $43.17. The stock has a market cap of $70.00 billion, a PE ratio of 68.76 and a beta of 1.48. The firm has a 50-day moving average of $40.87 and a 200-day moving average of $38.26. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15.

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

Brookfield Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.75%. This is a boost from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s dividend payout ratio (DPR) is presently 51.61%.

About Brookfield

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.