4,050 Shares in Brookfield Co. (NYSE:BN) Bought by Laurus Investment Counsel Inc.

Laurus Investment Counsel Inc. purchased a new position in Brookfield Co. (NYSE:BN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,050 shares of the company’s stock, valued at approximately $162,000.

A number of other hedge funds also recently modified their holdings of the stock. Brookfield Corp ON grew its position in Brookfield by 1.4% in the first quarter. Brookfield Corp ON now owns 133,723,524 shares of the company’s stock valued at $4,358,050,000 after acquiring an additional 1,835,778 shares during the last quarter. Moneta Group Investment Advisors LLC bought a new position in Brookfield in the fourth quarter valued at about $3,727,998,000. Principal Financial Group Inc. grew its position in Brookfield by 8.9% in the third quarter. Principal Financial Group Inc. now owns 63,734,864 shares of the company’s stock valued at $1,993,867,000 after acquiring an additional 5,192,256 shares during the last quarter. Vanguard Group Inc. grew its position in Brookfield by 1.9% in the third quarter. Vanguard Group Inc. now owns 55,429,678 shares of the company’s stock valued at $1,733,286,000 after acquiring an additional 1,016,222 shares during the last quarter. Finally, 1832 Asset Management L.P. bought a new position in Brookfield in the fourth quarter valued at about $775,028,000. Institutional investors own 61.60% of the company’s stock.

Insider Buying and Selling at Brookfield

In other news, major shareholder Gp Ltd Bcp sold 3,922,786 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $2.20, for a total transaction of $8,630,129.20. Following the completion of the sale, the insider now owns 23,352,826 shares in the company, valued at $51,376,217.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was 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 $175,526,263.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Gp Ltd Bcp sold 3,922,786 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $2.20, for a total value of $8,630,129.20. Following the sale, the insider now owns 23,352,826 shares of the company’s stock, valued at approximately $51,376,217.20. The disclosure for this sale can be found here. Insiders own 11.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. TheStreet upgraded Brookfield from a “c” rating to a “b” rating in a research report on Thursday, February 8th. Canaccord Genuity Group lifted their price target on Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a research note on Friday, February 9th. CIBC lifted their price target on Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Royal Bank of Canada lifted their price target on Brookfield from $52.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Finally, BMO Capital Markets lifted their price target on Brookfield from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $47.45.

Brookfield Price Performance

Brookfield stock opened at $41.58 on Thursday. The stock’s 50 day moving average is $40.76 and its 200 day moving average is $36.87. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99. The firm has a market cap of $68.21 billion, a P/E ratio of 67.06 and a beta of 1.49. Brookfield Co. has a one year low of $28.84 and a one year high of $43.17.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.14. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The firm had revenue of $24.52 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the firm earned $1.12 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. As a group, research analysts expect that Brookfield Co. will post 3.75 EPS for the current year.

Brookfield Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, March 12th. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 0.77%. Brookfield’s payout ratio is 51.61%.

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.