Brookfield Co. (NYSE:BN) Stake Boosted by Bamco Inc. NY

Bamco Inc. NY grew its stake in shares of Brookfield Co. (NYSE:BN) by 6.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,287,522 shares of the company’s stock after acquiring an additional 80,303 shares during the period. Bamco Inc. NY owned 0.08% of Brookfield worth $53,909,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BN. Mckinley Capital Management LLC boosted its holdings in Brookfield by 0.9% in the first quarter. Mckinley Capital Management LLC now owns 32,649 shares of the company’s stock worth $1,367,000 after purchasing an additional 283 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in Brookfield by 4.5% in the first quarter. Checchi Capital Advisers LLC now owns 6,622 shares of the company’s stock worth $277,000 after purchasing an additional 288 shares in the last quarter. Pembroke Management LTD boosted its holdings in Brookfield by 4.4% in the first quarter. Pembroke Management LTD now owns 7,339 shares of the company’s stock worth $307,000 after purchasing an additional 310 shares in the last quarter. M&T Bank Corp boosted its holdings in Brookfield by 3.3% in the fourth quarter. M&T Bank Corp now owns 9,942 shares of the company’s stock worth $400,000 after purchasing an additional 314 shares in the last quarter. Finally, Fortis Group Advisors LLC boosted its holdings in Brookfield by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock worth $27,000 after purchasing an additional 337 shares in the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on BN shares. Royal Bank of Canada cut their price objective 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. Scotiabank decreased their price objective on shares of Brookfield from $50.00 to $49.50 and set a “sector outperform” rating on the stock in a research note on Friday, May 10th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Brookfield from $46.00 to $44.00 and set a “market perform” rating on the stock in a research note on Friday, July 12th. 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 company. According to MarketBeat.com, Brookfield currently has an average rating of “Moderate Buy” and a consensus target price of $47.90.

Insider Buying and Selling

In related news, Director Ocm Growth Holdings Llc sold 400,000 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $11.90, for a total value of $4,760,000.00. Following the completion of the transaction, the director now 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 can be accessed through the SEC website. 11.00% of the stock is currently owned by company insiders.

Brookfield Trading Up 2.0 %

NYSE BN traded up $0.94 during trading hours on Friday, hitting $47.26. The company’s stock had a trading volume of 16,783,383 shares, compared to its average volume of 2,228,559. The stock has a fifty day moving average of $43.39 and a 200 day moving average of $41.79. Brookfield Co. has a twelve month low of $28.84 and a twelve month high of $47.57. The firm has a market capitalization of $77.69 billion, a P/E ratio of 77.48 and a beta of 1.52. The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

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

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders 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 annualized dividend and a yield of 0.68%. Brookfield’s dividend payout ratio (DPR) is presently 52.46%.

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.