Tandem Capital Management Corp ADV Sells 91,790 Shares of Brookfield Co. (NYSE:BN)

Tandem Capital Management Corp ADV decreased its position in Brookfield Co. (NYSE:BN - Free Report) by 66.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,343 shares of the company's stock after selling 91,790 shares during the period. Tandem Capital Management Corp ADV's holdings in Brookfield were worth $1,859,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BN. Principal Financial Group Inc. boosted its holdings in Brookfield by 8.9% in the 3rd quarter. Principal Financial Group Inc. now owns 63,734,864 shares of the company's stock worth $1,993,867,000 after buying an additional 5,192,256 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Brookfield by 21.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 19,233,299 shares of the company's stock valued at $602,966,000 after purchasing an additional 3,331,522 shares during the period. FMR LLC raised its stake in shares of Brookfield by 37.8% during the 3rd quarter. FMR LLC now owns 10,025,978 shares of the company's stock valued at $313,502,000 after purchasing an additional 2,752,801 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Brookfield by 153.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,848,871 shares of the company's stock worth $57,842,000 after purchasing an additional 1,118,396 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Brookfield by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 55,429,678 shares of the company's stock worth $1,733,286,000 after purchasing an additional 1,016,222 shares during the period. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Down 0.8 %

Brookfield stock traded down $0.31 on Thursday, hitting $40.22. 2,396,760 shares of the stock traded hands, compared to its average volume of 2,716,270. The business's fifty day simple moving average is $40.79 and its 200 day simple moving average is $37.88. The firm has a market cap of $66.04 billion, a P/E ratio of 64.87 and a beta of 1.49. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.35. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $43.17.

Brookfield (NYSE:BN - Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) 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 firm posted $1.12 earnings per share. The business's revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that Brookfield Co. will post 3.75 earnings per share for the current year.

Brookfield Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. This is a positive change from Brookfield's previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, March 12th. Brookfield's dividend payout ratio is 51.61%.

Insider Transactions at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of Brookfield stock in a transaction that occurred 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 of the company's stock, valued at $175,526,263.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.00% of the company's stock.

Wall Street Analysts Forecast Growth

BN has been the topic of several research analyst reports. TheStreet raised shares of Brookfield from a "c" rating to a "b" rating in a report on Thursday, February 8th. Canaccord Genuity Group boosted their price objective on Brookfield from $41.00 to $42.50 and gave the stock a "hold" rating in a report on Friday, February 9th. JPMorgan Chase & Co. boosted their price target on shares of Brookfield from $48.00 to $52.00 and gave the stock an "overweight" rating in a research note on Thursday, February 1st. TD Securities lifted 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. Finally, Scotiabank raised their price target on Brookfield from $49.00 to $50.00 and gave the company a "sector outperform" rating in a research report on Friday, February 9th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.45.

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.

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