Brookfield (NYSE:BN) Reaches New 1-Year High at $44.13

Brookfield Co. (NYSE:BN - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $44.13 and last traded at $43.78, with a volume of 182714 shares trading hands. The stock had previously closed at $43.99.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Brookfield from $48.00 to $52.00 and gave the stock an "overweight" rating in a report on Thursday, February 1st. Scotiabank lifted their price target on Brookfield from $49.00 to $50.00 and gave the company a "sector outperform" rating in a research note on Friday, February 9th. TD Securities boosted their price target on Brookfield from $61.00 to $62.00 and gave the company an "action list buy" rating in a report on Sunday, February 11th. TheStreet upgraded Brookfield from a "c" rating to a "b" rating in a report on Thursday, February 8th. Finally, Royal Bank of Canada cut their price target on shares of Brookfield from $53.00 to $51.00 and set an "outperform" rating on the stock in a research report on Monday, April 29th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.25.

Brookfield Stock Up 0.6 %

The firm has a market cap of $72.64 billion, a P/E ratio of 71.36 and a beta of 1.48. The stock's 50-day simple moving average is $41.10 and its 200 day simple moving average is $38.59. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.35.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.14. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The firm had revenue of $24.52 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. The business's revenue was up 1.3% on a year-over-year basis. As a group, research analysts forecast that Brookfield Co. will post 3.35 EPS for the current fiscal year.

Insider Transactions at Brookfield

In related news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the company's stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total value of $155,099.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the company's stock in a transaction on Wednesday, April 24th. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.33, for a total value of $11,330,000.00. Following the completion of the sale, the director now directly owns 15,492,168 shares of the company's stock, valued at approximately $175,526,263.44. The disclosure for this sale can be found here. Corporate insiders own 11.00% of the company's stock.

Institutional Investors Weigh In On Brookfield

Several institutional investors and hedge funds have recently modified their holdings of BN. Principal Financial Group Inc. increased its stake in Brookfield by 8.9% during the 3rd quarter. Principal Financial Group Inc. now owns 63,734,864 shares of the company's stock valued at $1,993,867,000 after purchasing an additional 5,192,256 shares in the last quarter. Vanguard Group Inc. raised its holdings in Brookfield by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 56,417,198 shares of the company's stock worth $2,263,458,000 after acquiring an additional 987,520 shares during the last quarter. Capital World Investors increased its holdings 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 purchasing an additional 24,975,364 shares in the last quarter. TD Asset Management Inc raised its position in 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 buying an additional 3,702,266 shares during the last quarter. Finally, Bank of Nova Scotia boosted its holdings in shares of Brookfield by 1.2% during the 3rd quarter. Bank of Nova Scotia now owns 20,312,486 shares of the company's stock valued at $635,326,000 after acquiring an additional 242,567 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

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.