Gould Asset Management LLC CA Invests $235,000 in Brookfield Co. (NYSE:BN)

Gould Asset Management LLC CA purchased a new stake in Brookfield Co. (NYSE:BN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,855 shares of the company’s stock, valued at approximately $235,000.

Several other institutional investors have also recently added to or reduced their stakes in BN. FinTrust Capital Advisors LLC acquired a new stake in shares of Brookfield during the third quarter worth $25,000. Sunbelt Securities Inc. grew its position in shares of Brookfield by 4,670.6% during the third 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. Allworth Financial LP grew its position in shares of Brookfield by 256.2% during the fourth quarter. Allworth Financial LP now owns 887 shares of the company’s stock worth $36,000 after acquiring an additional 638 shares during the last quarter. Oakworth Capital Inc. grew its position in shares of Brookfield by 172.3% during the fourth quarter. Oakworth Capital Inc. now owns 1,073 shares of the company’s stock worth $43,000 after acquiring an additional 679 shares during the last quarter. Finally, Castleview Partners LLC bought a new position in shares of Brookfield during the third quarter worth about $34,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Brookfield

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the stock in a transaction that occurred on 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 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 available through the SEC website. In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the stock in a transaction that occurred on 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 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 available through the SEC website. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction that occurred on 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. Insiders own 11.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Scotiabank increased their target price on shares of Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a research report on Friday, February 9th. BMO Capital Markets increased their target price 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. Canaccord Genuity Group increased their target price on shares of Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, TD Securities increased their target price on shares of Brookfield from $61.00 to $62.00 and gave the company an “action list buy” rating in a research report on Sunday, February 11th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.45.

Brookfield Trading Up 1.8 %

BN stock traded up $0.73 during mid-day trading on Friday, reaching $40.96. 3,230,637 shares of the stock traded hands, compared to its average volume of 2,722,619. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.35. Brookfield Co. has a 52-week low of $28.84 and a 52-week high of $43.17. The company has a market cap of $67.26 billion, a P/E ratio of 66.07 and a beta of 1.49. The stock’s fifty day moving average is $40.80 and its 200-day moving average is $37.96.

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

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, March 12th. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. Brookfield’s dividend payout ratio is currently 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.