Raymond James & Associates Has $59.78 Million Stock Holdings in Brookfield Co. (NYSE:BN)

Raymond James & Associates trimmed its position in Brookfield Co. (NYSE:BN) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,427,792 shares of the company’s stock after selling 18,544 shares during the quarter. Raymond James & Associates owned approximately 0.09% of Brookfield worth $59,782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FinTrust Capital Advisors LLC acquired a new position in shares of Brookfield in the third quarter valued at $25,000. Sunbelt Securities Inc. raised its holdings in Brookfield by 4,670.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock valued at $25,000 after acquiring an additional 794 shares during the period. Connectus Wealth LLC lifted its position in Brookfield by 1,049.1% during the fourth quarter. Connectus Wealth LLC now owns 610,911 shares of the company’s stock worth $25,000 after acquiring an additional 557,749 shares during the last quarter. Fortis Group Advisors LLC boosted its holdings in shares of Brookfield by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock worth $27,000 after acquiring an additional 337 shares during the period. Finally, Castleview Partners LLC acquired a new position in shares of Brookfield in the third quarter valued at approximately $34,000. Institutional investors own 61.60% of the company’s stock.

Insider Transactions at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 15,492,168 shares in the company, valued at $175,526,263.44. The transaction was disclosed in a 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 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 through this hyperlink. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the 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 directly owns 15,492,168 shares of the company’s stock, valued at approximately $175,526,263.44. The disclosure for this sale can be found here. Company insiders own 11.00% of the company’s stock.

Brookfield Price Performance

NYSE BN traded up $0.98 on Friday, hitting $42.63. 3,873,439 shares of the company’s stock were exchanged, compared to its average volume of 3,520,128. Brookfield Co. has a 52 week low of $28.84 and a 52 week high of $43.17. The stock has a 50-day moving average of $40.87 and a 200-day moving average of $38.26. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.35. The stock has a market cap of $70.00 billion, a price-to-earnings ratio of 68.76 and a beta of 1.48.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.83 earnings per share 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 business had revenue of $24.52 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the firm posted $1.12 earnings per share. Brookfield’s revenue was up 1.3% compared to the same quarter last year. Analysts expect that Brookfield Co. will post 3.75 earnings per share for the current year.

Brookfield Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.75%. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s dividend payout ratio (DPR) is currently 51.61%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. TheStreet upgraded Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. TD Securities lifted their price objective on shares of Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a research note on Sunday, February 11th. Scotiabank boosted their price objective on shares of Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a report on Friday, February 9th. Royal Bank of Canada lowered their target price on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Finally, CIBC lifted their price target on shares of Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $47.25.

About Brookfield

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.