Jump Financial LLC Has $665,000 Stock Holdings in Brunswick Co. (NYSE:BC)

Jump Financial LLC boosted its position in shares of Brunswick Co. (NYSE:BC - Free Report) by 288.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,287 shares of the company's stock after acquiring an additional 7,637 shares during the period. Jump Financial LLC's holdings in Brunswick were worth $665,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. bought a new position in Brunswick during the fourth quarter valued at about $39,000. Financial Perspectives Inc bought a new position in Brunswick during the fourth quarter valued at about $42,000. KBC Group NV increased its stake in Brunswick by 42.8% during the fourth quarter. KBC Group NV now owns 2,892 shares of the company's stock valued at $187,000 after acquiring an additional 867 shares during the period. Stevens Capital Management LP bought a new stake in shares of Brunswick in the 4th quarter valued at approximately $203,000. Finally, Sterling Capital Management LLC grew its stake in shares of Brunswick by 52.0% in the 4th quarter. Sterling Capital Management LLC now owns 4,001 shares of the company's stock valued at $259,000 after purchasing an additional 1,369 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BC shares. Stifel Nicolaus lowered their price objective on Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Citigroup lowered their price objective on Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Robert W. Baird reiterated a "neutral" rating and issued a $56.00 price objective (down from $90.00) on shares of Brunswick in a research note on Friday, April 4th. Benchmark began coverage on Brunswick in a research note on Monday. They issued a "buy" rating and a $70.00 price objective on the stock. Finally, DA Davidson reissued a "neutral" rating and issued a $43.00 target price (down from $64.00) on shares of Brunswick in a report on Monday. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $71.00.

Brunswick Trading Down 0.8 %

NYSE:BC traded down $0.39 during trading hours on Monday, hitting $46.47. 940,406 shares of the stock were exchanged, compared to its average volume of 767,518. The company's 50 day moving average is $52.89 and its two-hundred day moving average is $66.17. Brunswick Co. has a twelve month low of $41.00 and a twelve month high of $87.65. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $3.06 billion, a P/E ratio of 24.46 and a beta of 1.42.

Brunswick (NYSE:BC - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.25 by $0.31. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.14 billion. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The business's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS. On average, sell-side analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a dividend of $0.43 per share. This is a boost from Brunswick's previous quarterly dividend of $0.42. The ex-dividend date was Monday, February 24th. This represents a $1.72 annualized dividend and a dividend yield of 3.70%. Brunswick's payout ratio is presently 142.15%.

Insider Buying and Selling at Brunswick

In related news, SVP Randall S. Altman sold 3,417 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the completion of the sale, the senior vice president now owns 26,683 shares in the company, valued at $1,686,632.43. This represents a 11.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nancy E. Cooper sold 433 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the sale, the director now owns 25,361 shares of the company's stock, valued at approximately $1,664,949.65. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company's stock.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.