136,556 Shares in Brookfield Co. (NYSE:BN) Purchased by American National Bank & Trust Co. VA

American National Bank & Trust Co. VA purchased a new position in Brookfield Co. (NYSE:BN) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 136,556 shares of the company’s stock, valued at approximately $5,716,000. Brookfield makes up 1.4% of American National Bank & Trust Co. VA’s investment portfolio, making the stock its 26th largest holding.

A number of other hedge funds also recently bought and sold shares of BN. M&T Bank Corp lifted its stake in Brookfield by 3.3% during the 4th quarter. M&T Bank Corp now owns 9,942 shares of the company’s stock valued at $400,000 after acquiring an additional 314 shares during the period. Fortis Group Advisors LLC lifted its stake in Brookfield by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock valued at $27,000 after acquiring an additional 337 shares during the period. Fidelis Capital Partners LLC lifted its stake in Brookfield by 5.3% during the 4th quarter. Fidelis Capital Partners LLC now owns 7,334 shares of the company’s stock valued at $294,000 after acquiring an additional 372 shares during the period. Lincoln National Corp increased its position in shares of Brookfield by 6.4% during the 4th quarter. Lincoln National Corp now owns 6,927 shares of the company’s stock valued at $278,000 after purchasing an additional 419 shares during the last quarter. Finally, RE Dickinson Investment Advisors LLC increased its position in shares of Brookfield by 6.2% during the 4th quarter. RE Dickinson Investment Advisors LLC now owns 7,313 shares of the company’s stock valued at $293,000 after purchasing an additional 430 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

Brookfield stock traded up $0.99 during midday trading on Thursday, hitting $43.05. The stock had a trading volume of 1,037,145 shares, compared to its average volume of 5,158,650. The firm’s fifty day moving average is $42.54 and its two-hundred day moving average is $41.06. The company has a market capitalization of $70.76 billion, a PE ratio of 70.57 and a beta of 1.52. Brookfield Co. has a 52-week low of $28.84 and a 52-week high of $45.11. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 1.35.

Brookfield (NYSE:BN) last released its earnings results on Thursday, May 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13. The company had revenue of $22.91 billion during the quarter. Brookfield had a net margin of 1.16% and a return on equity of 3.15%. During the same period in the prior year, the company posted $0.72 earnings per share. On average, research analysts forecast that Brookfield Co. will post 3.35 EPS for the current year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Thursday, June 13th. Brookfield’s dividend payout ratio (DPR) is currently 52.46%.

Analyst Upgrades and Downgrades

BN has been the subject of several research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $46.00 price target (up previously from $45.00) on shares of Brookfield in a research report on Friday, May 10th. Scotiabank reduced their price target on shares of Brookfield from $50.00 to $49.50 and set a “sector outperform” rating for the company in a research report on Friday, May 10th. Finally, Royal Bank of Canada reduced their price target on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Two investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.10.

Insider Buying and Selling at Brookfield

In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total transaction of $155,099.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Brookfield news, Director Ocm Growth Holdings Llc sold 400,000 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $11.90, for a total transaction of $4,760,000.00. Following the completion of the sale, the director now directly owns 10,779,668 shares of the company’s stock, valued at approximately $128,278,049.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were 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.

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.