Wade G W & Inc. Sells 3,107 Shares of Brookfield Co. (NYSE:BN)

Wade G W & Inc. trimmed its position in Brookfield Co. (NYSE:BN) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,977 shares of the company’s stock after selling 3,107 shares during the quarter. Wade G W & Inc.’s holdings in Brookfield were worth $1,403,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. M&G Investment Management Ltd. raised its holdings in shares of Brookfield by 13.4% during the 4th quarter. M&G Investment Management Ltd. now owns 2,924,753 shares of the company’s stock worth $116,990,000 after acquiring an additional 345,923 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Brookfield by 0.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,757,045 shares of the company’s stock worth $110,542,000 after purchasing an additional 9,232 shares during the last quarter. Forum Financial Management LP purchased a new stake in Brookfield during the fourth quarter valued at $213,000. Dimensional Fund Advisors LP lifted its position in Brookfield by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,842,064 shares of the company’s stock valued at $114,025,000 after purchasing an additional 53,862 shares during the last quarter. Finally, Canoe Financial LP grew its stake in shares of Brookfield by 1,252.3% in the 4th quarter. Canoe Financial LP now owns 1,106,786 shares of the company’s stock worth $44,404,000 after buying an additional 1,024,941 shares in the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Trading Down 0.2 %

BN stock traded down $0.10 during mid-day trading on Thursday, reaching $44.75. The company had a trading volume of 770,621 shares, compared to its average volume of 2,828,855. The company has a market capitalization of $73.48 billion, a PE ratio of 73.52 and a beta of 1.48. The firm has a 50 day moving average of $41.34 and a 200 day moving average of $39.05. Brookfield Co. has a 12 month low of $28.84 and a 12 month high of $45.11. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 1.02.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. The company had revenue of $22.91 billion for the quarter. During the same period last year, the company earned $0.72 EPS. On average, equities analysts predict that Brookfield Co. will post 3.35 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be issued a $0.08 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.32 annualized dividend and a dividend yield of 0.72%. Brookfield’s payout ratio is currently 52.46%.

Insider Buying and Selling

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business’s stock in a transaction dated 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 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 document filed with the SEC, which is available at the SEC website. In related news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was 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 SEC, which is available at this hyperlink. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business’s stock in a transaction dated 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 transaction, the director now 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 owned by insiders.

Wall Street Analyst Weigh In

BN has been the subject of a number of analyst reports. TheStreet raised shares of Brookfield from a “c” rating to a “b” rating in a report on Thursday, February 8th. Scotiabank lowered their price objective on Brookfield from $50.00 to $49.50 and set a “sector outperform” rating for the company in a research note on Friday, May 10th. Canaccord Genuity Group boosted their target price on Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a research report on Friday, February 9th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $46.00 price target (up from $45.00) on shares of Brookfield in a research report on Friday, May 10th. Finally, BMO Capital Markets boosted their price objective 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. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $48.10.

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.