Brookfield Co. (NYSE:BN) Major Shareholder Sells $155,099.25 in Stock

Brookfield Co. (NYSE:BN - Get Free Report) major shareholder Oaktree Capital Group Holdings sold 7,131 shares of Brookfield stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $21.75, for a total value of $155,099.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Brookfield Stock Performance

Shares of Brookfield stock traded up $0.73 on Friday, hitting $40.96. The stock had a trading volume of 3,230,637 shares, compared to its average volume of 2,722,619. Brookfield Co. has a twelve month low of $28.84 and a twelve month high of $43.17. The business's 50 day moving average is $40.80 and its two-hundred day moving average is $37.96. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.35. The stock has a market cap of $67.26 billion, a price-to-earnings ratio of 66.07 and a beta of 1.49.

Brookfield (NYSE:BN - Get Free Report) last posted its earnings results on Thursday, February 8th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.69 by $0.14. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The company 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 business earned $1.12 earnings per share. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. Analysts forecast that Brookfield Co. will post 3.75 EPS for the current year.

Brookfield Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were paid a $0.08 dividend. This is a boost from Brookfield's previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, March 12th. Brookfield's payout ratio is 51.61%.

Institutional Investors Weigh In On Brookfield

Several institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in shares of Brookfield by 8.9% in the third quarter. Principal Financial Group Inc. now owns 63,734,864 shares of the company's stock valued at $1,993,867,000 after buying an additional 5,192,256 shares during the period. Vanguard Group Inc. boosted its stake in shares of Brookfield by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 56,417,198 shares of the company's stock valued at $2,263,458,000 after buying an additional 987,520 shares during the period. Capital World Investors boosted its stake in shares of Brookfield by 102.2% in the fourth quarter. Capital World Investors now owns 49,424,522 shares of the company's stock valued at $1,982,903,000 after buying an additional 24,975,364 shares during the period. TD Asset Management Inc boosted its stake in shares of Brookfield by 16.2% in the fourth quarter. TD Asset Management Inc now owns 26,542,983 shares of the company's stock valued at $1,069,892,000 after buying an additional 3,702,266 shares during the period. Finally, Bank of Nova Scotia lifted its stake in Brookfield by 1.2% during the third quarter. Bank of Nova Scotia now owns 20,312,486 shares of the company's stock worth $635,326,000 after purchasing an additional 242,567 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on BN shares. JPMorgan Chase & Co. boosted their price target on Brookfield from $48.00 to $52.00 and gave the company an "overweight" rating in a report on Thursday, February 1st. Scotiabank lifted their target price on Brookfield from $49.00 to $50.00 and gave the company a "sector outperform" rating in a research report on Friday, February 9th. TheStreet raised Brookfield from a "c" rating to a "b" rating in a research report on Thursday, February 8th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $53.00 target price on shares of Brookfield in a research report on Friday, April 12th. Finally, TD Securities lifted their target price on Brookfield from $61.00 to $62.00 and gave the company an "action list buy" rating in a research report on Sunday, February 11th. 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $47.45.

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.

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