Trust Co. of Oklahoma Raises Holdings in Brookfield Co. (NYSE:BN)

Trust Co. of Oklahoma raised its holdings in shares of Brookfield Co. (NYSE:BN) by 20.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,100 shares of the company’s stock after purchasing an additional 1,050 shares during the period. Trust Co. of Oklahoma’s holdings in Brookfield were worth $255,000 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. Capital World Investors raised its position in shares of Brookfield by 102.2% in the 4th quarter. Capital World Investors now owns 49,424,522 shares of the company’s stock worth $1,982,903,000 after acquiring an additional 24,975,364 shares in the last quarter. Norges Bank bought a new position in shares of Brookfield in the 4th quarter worth approximately $614,104,000. TD Asset Management Inc raised its position in shares of Brookfield by 16.2% in the 4th quarter. TD Asset Management Inc now owns 26,542,983 shares of the company’s stock worth $1,069,892,000 after acquiring an additional 3,702,266 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Brookfield by 21.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 19,233,299 shares of the company’s stock worth $602,966,000 after acquiring an additional 3,331,522 shares in the last quarter. Finally, Blacksheep Fund Management Ltd bought a new position in shares of Brookfield in the 4th quarter worth approximately $101,800,000. Institutional investors own 61.60% of the company’s stock.

Insider Buying and Selling

In other Brookfield news, Director Ocm Growth Holdings Llc sold 400,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $11.90, for a total transaction of $4,760,000.00. Following the sale, the director now directly owns 10,779,668 shares of the company’s stock, valued at $128,278,049.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other 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 value of $155,099.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ocm Growth Holdings Llc sold 400,000 shares of Brookfield stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $11.90, for a total value of $4,760,000.00. Following the completion of the sale, the director now directly owns 10,779,668 shares in the company, valued at $128,278,049.20. The disclosure for this sale can be found here. 11.00% of the stock is owned by insiders.

Brookfield Stock Performance

Shares of BN stock traded up $0.99 on Wednesday, reaching $43.05. The stock had a trading volume of 1,036,135 shares, compared to its average volume of 3,140,573. The stock has a market cap of $70.76 billion, a P/E ratio of 70.57 and a beta of 1.52. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $45.11. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.02 and a current ratio of 1.17. The company has a 50 day simple moving average of $42.54 and a 200 day simple moving average of $41.06.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. The firm had revenue of $22.91 billion for the quarter. During the same quarter last year, the business earned $0.72 earnings per share. Equities research analysts expect that Brookfield Co. will post 3.35 EPS for the current year.

Brookfield Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Royal Bank of Canada reduced their price objective on Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $46.00 price objective (up previously from $45.00) on shares of Brookfield in a research report on Friday, May 10th. Finally, Scotiabank cut their target price on Brookfield from $50.00 to $49.50 and set a “sector outperform” rating on the stock in a research note on Friday, May 10th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.10.

Brookfield 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.