Shares of Brookfield Co. (NYSE:BN – Get Free Report) reached a new 52-week high on Monday after TD Securities raised their price target on the stock from $61.00 to $62.00. TD Securities currently has an action list buy rating on the stock. Brookfield traded as high as $41.33 and last traded at $41.25, with a volume of 121772 shares trading hands. The stock had previously closed at $40.84.
Other equities analysts have also recently issued research reports about the company. BMO Capital Markets upped their target price on Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday. Scotiabank upped their target price on Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a report on Friday. CIBC increased their price target on Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday. Royal Bank of Canada increased their price target on Brookfield from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Finally, Canaccord Genuity Group increased their price target on Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a research note on Friday. Two equities research 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 company. According to data from MarketBeat, Brookfield has an average rating of “Moderate Buy” and a consensus target price of $47.35.
Insiders Place Their Bets
In other Brookfield news, major shareholder Gp Ltd Bcp sold 132,700 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $2.47, for a total transaction of $327,769.00. Following the transaction, the insider now owns 30,368,482 shares in the company, valued at $75,010,150.54. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Ocm Growth Holdings Llc sold 237,635 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $12.69, for a total value of $3,015,588.15. Following the completion of the sale, the director now owns 16,504,533 shares in the company, valued at approximately $209,442,523.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Gp Ltd Bcp sold 132,700 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $2.47, for a total transaction of $327,769.00. Following the completion of the sale, the insider now owns 30,368,482 shares of the company’s stock, valued at approximately $75,010,150.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,545,283 shares of company stock worth $22,555,512. Insiders own 11.00% of the company’s stock.
Hedge Funds Weigh In On Brookfield
Several institutional investors have recently added to or reduced their stakes in the stock. Bartlett & Co. LLC grew its position in Brookfield by 3.9% during the fourth quarter. Bartlett & Co. LLC now owns 7,391 shares of the company’s stock valued at $297,000 after buying an additional 277 shares during the period. M&T Bank Corp grew its position in Brookfield by 3.3% during the fourth quarter. M&T Bank Corp now owns 9,942 shares of the company’s stock valued at $400,000 after buying an additional 314 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Brookfield by 32.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,349 shares of the company’s stock valued at $45,000 after purchasing an additional 329 shares during the last quarter. Fidelis Capital Partners LLC lifted its holdings in Brookfield by 5.3% during the fourth quarter. Fidelis Capital Partners LLC now owns 7,334 shares of the company’s stock valued at $294,000 after purchasing an additional 372 shares during the last quarter. Finally, Retirement Group LLC lifted its holdings in Brookfield by 0.5% during the second quarter. Retirement Group LLC now owns 80,512 shares of the company’s stock valued at $2,709,000 after purchasing an additional 389 shares during the last quarter. Institutional investors own 58.22% of the company’s stock.
Brookfield Stock Performance
The firm has a market capitalization of $67.56 billion, a PE ratio of 65.87 and a beta of 1.50. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99. The company’s fifty day simple moving average is $39.06 and its 200 day simple moving average is $35.14.
Brookfield (NYSE:BN – Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.69 by $0.14. The business had revenue of $24.52 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. As a group, equities research analysts expect that Brookfield Co. will post 3.75 EPS for the current fiscal year.
Brookfield Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.78%. This is an increase from Brookfield’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, March 12th. Brookfield’s dividend payout ratio is presently 45.16%.
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.