Brookfield Co. (NYSE:BN) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lessened its stake in Brookfield Co. (NYSE:BN - Free Report) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,172,962 shares of the company's stock after selling 278,663 shares during the quarter. National Bank of Canada FI owned 0.19% of Brookfield worth $122,998,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FinTrust Capital Advisors LLC acquired a new stake in Brookfield in the third quarter valued at $25,000. Sunbelt Securities Inc. raised its position in shares of Brookfield by 4,670.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company's stock worth $25,000 after acquiring an additional 794 shares in the last quarter. Castleview Partners LLC purchased a new stake in Brookfield during the third quarter worth approximately $34,000. Allworth Financial LP boosted its holdings in Brookfield by 256.2% in the fourth quarter. Allworth Financial LP now owns 887 shares of the company's stock valued at $36,000 after purchasing an additional 638 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in Brookfield in the third quarter valued at approximately $37,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BN has been the subject of several research analyst reports. Scotiabank upped their target price on shares of Brookfield from $49.00 to $50.00 and gave the company a "sector outperform" rating in a report on Friday, February 9th. BMO Capital Markets lifted 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. CIBC boosted their target price on Brookfield from $46.00 to $52.00 and gave the company an "outperform" rating in a report on Friday, February 9th. TheStreet upgraded Brookfield from a "c" rating to a "b" rating in a research note on Thursday, February 8th. Finally, TD Securities boosted their price objective on Brookfield from $61.00 to $62.00 and gave the company an "action list buy" rating in a research note on Sunday, February 11th. Two research 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $47.25.

Insider Activity at Brookfield

In related news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of Brookfield stock in a transaction that occurred on 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 through the SEC website. In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of Brookfield stock in a transaction 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 of the company's stock, valued at $175,526,263.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the firm's stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total value of $155,099.25. The disclosure for this sale can be found here. 11.00% of the stock is owned by insiders.

Brookfield Stock Performance

Shares of NYSE:BN traded up $0.98 during trading on Friday, reaching $42.63. The company had a trading volume of 3,873,439 shares, compared to its average volume of 3,520,128. Brookfield Co. has a fifty-two week low of $28.84 and a fifty-two week high of $43.17. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99. The stock's fifty day moving average price is $40.87 and its 200 day moving average price is $38.29. The firm has a market capitalization of $70.00 billion, a price-to-earnings ratio of 68.76 and a beta of 1.48.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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 company had revenue of $24.52 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the company posted $1.12 EPS. Brookfield's revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts predict that Brookfield Co. will post 3.35 EPS for the current year.

Brookfield Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were issued a dividend of $0.08 per share. This is a boost from Brookfield's previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 0.75%. The ex-dividend date was Tuesday, March 12th. Brookfield's dividend payout ratio is currently 51.61%.

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.