Brookfield (NYSE:BN) Sets New 52-Week High at $45.50

Brookfield Co. (NYSE:BN)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $45.50 and last traded at $45.42, with a volume of 93548 shares trading hands. The stock had previously closed at $44.96.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Scotiabank decreased their target price on Brookfield from $50.00 to $49.50 and set a “sector outperform” rating on the stock in a research report on Friday, May 10th. Royal Bank of Canada reduced their price target on Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Finally, Keefe, Bruyette & Woods reduced their target price on Brookfield from $46.00 to $44.00 and set a “market perform” rating on the stock in a report on Friday. Two 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. According to MarketBeat, Brookfield has an average rating of “Moderate Buy” and a consensus target price of $47.90.

Brookfield Stock Performance

The firm has a market capitalization of $75.10 billion, a P/E ratio of 73.70 and a beta of 1.52. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 1.35. The company has a 50-day moving average of $42.85 and a 200-day moving average of $41.22.

Brookfield (NYSE:BN) last announced 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. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. The business had revenue of $22.91 billion during the quarter. During the same period in the prior year, the business earned $0.72 earnings per share. On average, equities analysts anticipate that Brookfield Co. will post 3.35 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, June 13th. Brookfield’s dividend payout ratio (DPR) is presently 52.46%.

Insider Transactions at Brookfield

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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 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 approximately $128,278,049.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the firm’s stock in a transaction dated 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. Corporate insiders own 11.00% of the company’s stock.

Institutional Trading of Brookfield

Several large investors have recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its stake in Brookfield by 4,670.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock valued at $25,000 after purchasing an additional 794 shares during the last quarter. Connectus Wealth LLC boosted its stake in Brookfield by 1,049.1% during the 4th quarter. Connectus Wealth LLC now owns 610,911 shares of the company’s stock valued at $25,000 after purchasing an additional 557,749 shares during the last quarter. Fortis Group Advisors LLC boosted 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 purchasing an additional 337 shares during the last quarter. Allworth Financial LP lifted its position in shares of Brookfield by 256.2% during the 4th quarter. Allworth Financial LP now owns 887 shares of the company’s stock worth $36,000 after buying an additional 638 shares in the last quarter. Finally, Salem Investment Counselors Inc. bought a new position in shares of Brookfield during the 1st quarter worth approximately $42,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

About Brookfield

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.