Kestra Private Wealth Services LLC Has $2.84 Million Stock Position in Brookfield Co. (NYSE:BN)

Kestra Private Wealth Services LLC boosted its holdings in shares of Brookfield Co. (NYSE:BN - Free Report) by 42.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,856 shares of the company's stock after acquiring an additional 21,064 shares during the period. Kestra Private Wealth Services LLC's holdings in Brookfield were worth $2,843,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position 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 acquiring an additional 5,192,256 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Brookfield by 21.0% in the third quarter. The Manufacturers Life Insurance Company now owns 19,233,299 shares of the company's stock valued at $602,966,000 after buying an additional 3,331,522 shares during the period. FMR LLC boosted its stake in shares of Brookfield by 37.8% in the third quarter. FMR LLC now owns 10,025,978 shares of the company's stock valued at $313,502,000 after buying an additional 2,752,801 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Brookfield by 153.1% in the third quarter. Envestnet Asset Management Inc. now owns 1,848,871 shares of the company's stock valued at $57,842,000 after buying an additional 1,118,396 shares during the period. Finally, Vanguard Group Inc. raised its position in Brookfield by 1.9% during the third quarter. Vanguard Group Inc. now owns 55,429,678 shares of the company's stock valued at $1,733,286,000 after purchasing an additional 1,016,222 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Brookfield

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 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 accessible through this hyperlink. In related 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 value 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 SEC, which is available through the SEC website. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of Brookfield stock in a transaction 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.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Canaccord Genuity Group boosted their price objective on shares of Brookfield from $41.00 to $42.50 and gave the company a "hold" rating in a research report on Friday, February 9th. 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. JPMorgan Chase & Co. upped their price target on shares of Brookfield from $48.00 to $52.00 and gave the company an "overweight" rating in a research report on Thursday, February 1st. CIBC upped their price target on shares of Brookfield from $46.00 to $52.00 and gave the company an "outperform" rating in a research report on Friday, February 9th. Finally, Scotiabank upped their price target on shares of Brookfield from $49.00 to $50.00 and gave the company a "sector outperform" rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $47.25.

Brookfield Stock Performance

Shares of BN stock traded up $0.68 during trading hours on Thursday, hitting $41.65. 7,418,341 shares of the company were exchanged, compared to its average volume of 2,798,690. The firm has a fifty day simple moving average of $40.83 and a 200 day simple moving average of $38.16. 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 52-week low of $28.84 and a 52-week high of $43.17. The stock has a market capitalization of $68.39 billion, a price-to-earnings ratio of 67.11 and a beta of 1.48.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.69 by $0.14. The company had revenue of $24.52 billion during the quarter, compared to the consensus estimate of $1.15 billion. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. Brookfield's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $1.12 EPS. Research analysts predict 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 issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.77%. This is an increase from Brookfield's previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, March 12th. Brookfield's dividend payout ratio (DPR) is presently 51.61%.

Brookfield 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.