41,268 Shares in Brookfield Co. (NYSE:BN) Acquired by Strata Wealth Advisors LLC

Strata Wealth Advisors LLC bought a new stake in shares of Brookfield Co. (NYSE:BN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 41,268 shares of the company's stock, valued at approximately $1,656,000. Brookfield makes up 0.7% of Strata Wealth Advisors LLC's holdings, making the stock its 25th largest position.

Other hedge funds have also recently modified their holdings of the company. Eldred Rock Partners LLC bought a new stake in shares of Brookfield during the 4th quarter valued at $9,868,000. Private Trust Co. NA raised its position in shares of Brookfield by 30.5% in the 3rd quarter. Private Trust Co. NA now owns 2,055 shares of the company's stock worth $64,000 after purchasing an additional 480 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Brookfield by 4.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,841,070 shares of the company's stock worth $182,650,000 after purchasing an additional 273,474 shares during the last quarter. Northside Capital Management LLC purchased a new position in shares of Brookfield in the 4th quarter worth about $229,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Brookfield in the 3rd quarter worth about $23,667,000. Institutional investors own 61.60% of the company's stock.

Wall Street Analysts Forecast Growth

BN has been the subject of several recent analyst reports. Canaccord Genuity Group lifted their price target on Brookfield from $41.00 to $42.50 and gave the stock a "hold" rating in a research report on Friday, February 9th. CIBC lifted their price target on Brookfield from $46.00 to $52.00 and gave the stock an "outperform" rating in a research report on Friday, February 9th. TD Securities boosted their target price on Brookfield from $61.00 to $62.00 and gave the stock an "action list buy" rating in a research report on Sunday, February 11th. BMO Capital Markets boosted their target price on Brookfield from $42.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $53.00 target price on shares of Brookfield in a research report on Friday, April 12th. 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.45.

Brookfield Stock Performance

Shares of Brookfield stock traded up $0.41 during trading hours on Friday, reaching $38.99. 2,106,077 shares of the stock traded hands, compared to its average volume of 3,113,380. The company has a 50 day moving average price of $40.78 and a 200 day moving average price of $37.66. The firm has a market capitalization of $64.02 billion, a price-to-earnings ratio of 62.89 and a beta of 1.49. Brookfield Co. has a one year low of $28.84 and a one year high of $43.17. 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 results on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.14. The business had revenue of $24.52 billion during the quarter, compared to the consensus estimate of $1.15 billion. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. On average, equities research analysts expect that Brookfield Co. will post 3.75 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.08 per share. This is an increase from Brookfield's previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Tuesday, March 12th. Brookfield's payout ratio is currently 51.61%.

Insider Buying and Selling at Brookfield

In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the completion of the transaction, the director now directly owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 11.00% of the company's stock.

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.