Brookfield Co. (NYSE:BN) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont lessened its position in Brookfield Co. (NYSE:BN) by 19.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,618 shares of the company’s stock after selling 9,314 shares during the period. Trust Co. of Vermont’s holdings in Brookfield were worth $1,604,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Cardinal Capital Management Inc. grew its position in Brookfield by 1.4% in the 2nd quarter. Cardinal Capital Management Inc. now owns 2,352,094 shares of the company’s stock valued at $97,766,000 after buying an additional 31,730 shares in the last quarter. Mather Group LLC. bought a new position in Brookfield in the 2nd quarter valued at about $134,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Brookfield in the 2nd quarter valued at about $64,000. Massmutual Trust Co. FSB ADV grew its position in Brookfield by 38.4% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,162 shares of the company’s stock valued at $90,000 after buying an additional 600 shares in the last quarter. Finally, Cetera Advisors LLC grew its position in Brookfield by 183.9% in the 1st quarter. Cetera Advisors LLC now owns 17,937 shares of the company’s stock valued at $751,000 after buying an additional 11,620 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on BN. Keefe, Bruyette & Woods decreased their target price on shares of Brookfield from $46.00 to $44.00 and set a “market perform” rating for the company in a research report on Friday, July 12th. TD Securities increased their target price on shares of Brookfield from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank of Canada reduced 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. JPMorgan Chase & Co. raised their price objective on shares of Brookfield from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Scotiabank raised their price objective on shares of Brookfield from $49.50 to $50.50 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $48.00.

Brookfield Trading Up 2.1 %

Shares of Brookfield stock traded up $0.90 during trading on Tuesday, hitting $44.67. The stock had a trading volume of 4,563,115 shares, compared to its average volume of 3,237,120. The stock has a 50 day simple moving average of $43.67 and a 200 day simple moving average of $42.15. The company has a market capitalization of $73.42 billion, a PE ratio of 73.23 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 Co. has a 1 year low of $28.84 and a 1 year high of $49.44.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.64 by $0.13. The business 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 quarter in the prior year, the business posted $0.72 earnings per share. On average, research analysts expect that Brookfield Co. will post 3.35 EPS for the current fiscal year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, June 13th. Brookfield’s dividend payout ratio (DPR) is currently 52.46%.

Insider Buying and Selling

In related news, Director Ocm Growth Holdings Llc sold 400,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 10,779,668 shares of the company’s stock, valued at $128,278,049.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.00% of the stock is currently owned by insiders.

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.