Gold Investment Management Ltd. Has $4.58 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Gold Investment Management Ltd. reduced its position in Brookfield Co. (NYSE:BNFree Report) by 1.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 109,533 shares of the company’s stock after selling 1,963 shares during the quarter. Brookfield comprises about 1.9% of Gold Investment Management Ltd.’s portfolio, making the stock its 15th largest holding. Gold Investment Management Ltd.’s holdings in Brookfield were worth $4,584,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blacksheep Fund Management Ltd bought a new position in shares of Brookfield in the fourth quarter worth approximately $101,800,000. Eldred Rock Partners LLC bought a new stake in shares of Brookfield during the fourth quarter valued at approximately $9,868,000. Choreo LLC purchased a new stake in shares of Brookfield during the fourth quarter valued at $754,000. American National Bank & Trust Co. VA acquired a new stake in Brookfield during the 1st quarter worth $5,716,000. Finally, Norges Bank purchased a new stake in shares of Brookfield in the fourth quarter valued at about $614,104,000. 61.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $46.00 target price (up previously from $45.00) on shares of Brookfield in a research report on Friday, May 10th. Royal Bank of Canada decreased their target price on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Finally, Scotiabank lowered their target price on shares of Brookfield from $50.00 to $49.50 and set a “sector outperform” rating on the stock in a report on Friday, May 10th. Two investment 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.10.

Check Out Our Latest Stock Report on BN

Brookfield Price Performance

Shares of Brookfield stock traded up $1.10 during trading on Wednesday, hitting $44.09. 1,450,776 shares of the stock traded hands, compared to its average volume of 3,085,897. The stock has a market cap of $72.47 billion, a price-to-earnings ratio of 72.28 and a beta of 1.52. The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm’s fifty day moving average is $42.78 and its 200-day moving average is $41.19. Brookfield Co. has a 52 week low of $28.84 and a 52 week high of $45.11.

Brookfield (NYSE:BNGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. The business had revenue of $22.91 billion during the quarter. During the same quarter in the previous year, the business posted $0.72 EPS. Research analysts expect that Brookfield Co. will post 3.35 EPS for the current fiscal year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, June 13th. Brookfield’s payout ratio is 52.46%.

Insider Activity at Brookfield

In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total value of $155,099.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of Brookfield stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total value of $155,099.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ocm Growth Holdings Llc sold 400,000 shares of Brookfield stock in a transaction on Monday, June 10th. The shares were sold at an average price of $11.90, for a total transaction of $4,760,000.00. Following the transaction, the director now owns 10,779,668 shares in the company, valued at approximately $128,278,049.20. The disclosure for this sale can be found here. 11.00% of the stock is currently owned by corporate insiders.

Brookfield Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding BN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Co. (NYSE:BNFree Report).

Institutional Ownership by Quarter for Brookfield (NYSE:BN)

Receive News & Ratings for Brookfield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield and related companies with MarketBeat.com's FREE daily email newsletter.