Brookfield (NYSE:BN) Sets New 52-Week High at $45.11

Brookfield Co. (NYSE:BN - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $45.11 and last traded at $45.03, with a volume of 114704 shares trading hands. The stock had previously closed at $44.65.

Analysts Set New Price Targets

BN has been the subject of several research analyst reports. TD Securities raised their price objective on shares of Brookfield from $61.00 to $62.00 and gave the stock an "action list buy" rating in a report on Sunday, February 11th. TheStreet raised Brookfield from a "c" rating to a "b" rating in a research report on Thursday, February 8th. Royal Bank of Canada dropped their target price on shares of Brookfield from $53.00 to $51.00 and set an "outperform" rating on the stock in a report on Monday, April 29th. BMO Capital Markets increased their price target on shares of Brookfield from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, February 9th. Finally, CIBC boosted their price objective on shares of Brookfield from $46.00 to $52.00 and gave the stock an "outperform" rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Brookfield has an average rating of "Moderate Buy" and an average price target of $48.10.

Brookfield Price Performance

The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 1.02. The business's 50 day moving average price is $41.27 and its 200 day moving average price is $39.01. The stock has a market capitalization of $73.64 billion, a P/E ratio of 74.07 and a beta of 1.48.

Brookfield (NYSE:BN - Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates 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 period last year, the firm posted $0.72 EPS. Sell-side analysts forecast that Brookfield Co. will post 3.35 EPS for the current year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, June 13th. Brookfield's dividend payout ratio is 52.46%.

Insider Activity

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of Brookfield stock in a transaction on Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the transaction, the director now owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 stock was sold at an average price of $21.75, for a total transaction of $155,099.25. The disclosure for this sale can be found here. Insiders own 11.00% of the company's stock.

Hedge Funds Weigh In On Brookfield

Large investors have recently made changes to their positions in the business. Eldred Rock Partners LLC bought a new stake in Brookfield during the 4th quarter valued at approximately $9,868,000. Choreo LLC purchased a new position in shares of Brookfield in the fourth quarter worth $754,000. JPMorgan Chase & Co. boosted its position in shares of Brookfield by 4.9% during the third quarter. JPMorgan Chase & Co. now owns 5,841,070 shares of the company's stock worth $182,650,000 after acquiring an additional 273,474 shares during the last quarter. Northside Capital Management LLC bought a new position in shares of Brookfield during the 4th quarter valued at about $229,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Brookfield during the third quarter valued at about $23,667,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Company 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.