Avior Wealth Management LLC Has $1.24 Million Holdings in Brookfield Co. (NYSE:BN)

Avior Wealth Management LLC lessened its stake in Brookfield Co. (NYSE:BN) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,927 shares of the company’s stock after selling 6,400 shares during the quarter. Avior Wealth Management LLC’s holdings in Brookfield were worth $1,241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BN. Brookfield Corp ON raised its stake in Brookfield by 1.4% during the first quarter. Brookfield Corp ON now owns 133,723,524 shares of the company’s stock worth $4,358,050,000 after acquiring an additional 1,835,778 shares in the last quarter. Moneta Group Investment Advisors LLC acquired a new position in Brookfield during the fourth quarter worth about $3,727,998,000. Principal Financial Group Inc. raised its stake in Brookfield by 8.9% during the third quarter. Principal Financial Group Inc. now owns 63,734,864 shares of the company’s stock worth $1,993,867,000 after acquiring an additional 5,192,256 shares in the last quarter. Vanguard Group Inc. raised its stake in Brookfield by 1.9% during the third quarter. Vanguard Group Inc. now owns 55,429,678 shares of the company’s stock worth $1,733,286,000 after acquiring an additional 1,016,222 shares in the last quarter. Finally, 1832 Asset Management L.P. acquired a new position in Brookfield during the fourth quarter worth about $775,028,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of BN stock opened at $38.72 on Wednesday. The business’s 50 day simple moving average is $40.87 and its 200 day simple moving average is $37.53. Brookfield Co. has a one year low of $28.84 and a one year high of $43.17. The stock has a market capitalization of $63.58 billion, a PE ratio of 62.45 and a beta of 1.49. 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 (NYSE:BN) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.14. The firm had revenue of $24.52 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 EPS. As a group, research analysts forecast that Brookfield Co. will post 3.75 earnings per share for the current year.

Brookfield Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.83%. This is a boost from Brookfield’s previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, March 12th. Brookfield’s dividend payout ratio is presently 51.61%.

Insider Transactions at Brookfield

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the transaction, the director now directly owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BN. TD Securities boosted their price target on Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a report on Sunday, February 11th. BMO Capital Markets boosted their price target on Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Canaccord Genuity Group boosted their price target on Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a report on Friday, February 9th. Royal Bank of Canada restated an “outperform” rating and set a $53.00 price target on shares of Brookfield in a report on Friday, April 12th. Finally, TheStreet upgraded Brookfield from a “c” rating to a “b” rating in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.45.

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.