Venturi Wealth Management LLC Grows Stock Holdings in Brookfield Co. (NYSE:BN)

Venturi Wealth Management LLC grew its holdings in shares of Brookfield Co. (NYSE:BNFree Report) by 35.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,300 shares of the company’s stock after buying an additional 5,300 shares during the quarter. Venturi Wealth Management LLC’s holdings in Brookfield were worth $814,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BN. TIAA FSB purchased a new stake in Brookfield during the fourth quarter worth approximately $799,000. Triasima Portfolio Management inc. purchased a new position in shares of Brookfield in the fourth quarter valued at $37,672,000. Victory Capital Management Inc. purchased a new position in shares of Brookfield in the fourth quarter valued at $1,548,000. American Century Companies Inc. purchased a new position in shares of Brookfield in the fourth quarter valued at $1,483,000. Finally, Barclays PLC purchased a new position in shares of Brookfield in the fourth quarter valued at $748,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the transaction, the director now owns 15,492,168 shares of the company’s stock, valued at approximately $175,526,263.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 11.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BN shares. Royal Bank of Canada upped their target price on shares of Brookfield from $52.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Scotiabank increased their price objective on shares of Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a research note on Friday, February 9th. TD Securities increased their price objective on shares of Brookfield from $61.00 to $62.00 and gave the company an “action list buy” rating in a research note on Sunday, February 11th. JPMorgan Chase & Co. increased their price objective on shares of Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Finally, Canaccord Genuity Group increased their target price on shares of Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a report on Friday, February 9th. 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 stock. According to data from MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and a consensus price target of $47.45.

Read Our Latest Analysis on BN

Brookfield Stock Performance

Shares of BN stock traded up $0.51 during trading hours on Wednesday, reaching $40.97. The stock had a trading volume of 472,628 shares, compared to its average volume of 2,539,688. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99. Brookfield Co. has a twelve month low of $28.84 and a twelve month high of $43.17. The firm has a 50-day simple moving average of $40.89 and a 200-day simple moving average of $37.05. The firm has a market capitalization of $67.22 billion, a PE ratio of 65.28 and a beta of 1.49.

Brookfield (NYSE:BNGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.14. The business had revenue of $24.52 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 EPS. As a group, equities analysts forecast 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 paid a dividend of $0.08 per share. This is a boost from Brookfield’s previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, March 12th. This represents a $0.32 annualized dividend and a yield of 0.78%. Brookfield’s dividend payout ratio (DPR) is presently 51.61%.

About Brookfield

(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.

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Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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