LGT Capital Partners LTD. Has $24.75 Million Stock Holdings in Brookfield Co. (NYSE:BN)

LGT Capital Partners LTD. reduced its holdings in Brookfield Co. (NYSE:BN) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 614,000 shares of the company’s stock after selling 36,000 shares during the quarter. LGT Capital Partners LTD.’s holdings in Brookfield were worth $24,752,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BN. FinTrust Capital Advisors LLC bought a new stake in shares of Brookfield in the third quarter valued at about $25,000. Sunbelt Securities Inc. boosted its position in Brookfield by 4,670.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock worth $25,000 after acquiring an additional 794 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Brookfield during the 3rd quarter worth approximately $30,000. Ronald Blue Trust Inc. raised its holdings in shares of Brookfield by 102.6% in the third quarter. Ronald Blue Trust Inc. now owns 1,021 shares of the company’s stock valued at $34,000 after purchasing an additional 517 shares during the last quarter. Finally, Money Concepts Capital Corp bought a new stake in shares of Brookfield in the fourth quarter worth $34,000. 61.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Scotiabank raised their price target on Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a research note on Friday, February 9th. BMO Capital Markets lifted their price target on Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. TD Securities raised their price objective on Brookfield from $61.00 to $62.00 and gave the company an “action list buy” rating in a research report on Sunday, February 11th. JPMorgan Chase & Co. boosted their target price on Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Finally, Canaccord Genuity Group lifted their price objective on shares of Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and a consensus price target of $47.45.

Insider Buying and Selling

In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business’s stock in a transaction on 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 transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other Brookfield news, 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 completion of the transaction, the insider now owns 23,352,826 shares in the company, valued at approximately $51,376,217.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now directly owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The disclosure for this sale can be found here. 11.00% of the stock is currently owned by insiders.

Brookfield Stock Up 0.7 %

Shares of NYSE:BN opened at $41.87 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15. The company has a market capitalization of $68.70 billion, a PE ratio of 67.53 and a beta of 1.49. Brookfield Co. has a 52-week low of $28.84 and a 52-week high of $43.17. The company has a fifty day moving average of $40.83 and a 200-day moving average of $36.91.

Brookfield (NYSE:BN) last announced 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. The firm had revenue of $24.52 billion during 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 company’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 EPS. On average, equities analysts predict that Brookfield Co. will post 3.75 EPS for the current fiscal 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 dividend of $0.08 per share. The ex-dividend date was Tuesday, March 12th. This is a boost from Brookfield’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 0.76%. Brookfield’s dividend payout ratio is 51.61%.

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.