Brookfield Co. (NYSE:BN) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Brookfield Co. (NYSE:BNFree Report) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 477,264 shares of the company’s stock after selling 3,310 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Brookfield were worth $14,924,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. raised its position in Brookfield by 19.8% in the 2nd quarter. Franklin Resources Inc. now owns 3,556,506 shares of the company’s stock valued at $119,717,000 after purchasing an additional 587,792 shares during the last quarter. Private Trust Co. NA increased its stake in Brookfield by 30.5% in the 3rd quarter. Private Trust Co. NA now owns 2,055 shares of the company’s stock valued at $64,000 after buying an additional 480 shares during the period. Salvus Wealth Management LLC increased its stake in Brookfield by 12.2% in the 3rd quarter. Salvus Wealth Management LLC now owns 110,110 shares of the company’s stock valued at $3,443,000 after buying an additional 12,007 shares during the period. Atria Investments Inc increased its stake in Brookfield by 68.3% in the 2nd quarter. Atria Investments Inc now owns 52,502 shares of the company’s stock valued at $1,767,000 after buying an additional 21,305 shares during the period. Finally, Pathstone Family Office LLC acquired a new position in Brookfield in the 3rd quarter valued at $2,442,000. Hedge funds and other institutional investors own 58.22% of the company’s stock.

Insider Buying and Selling at Brookfield

In other news, Director Ocm Growth Holdings Llc sold 12,365 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $12.76, for a total transaction of $157,777.40. Following the transaction, the director now directly owns 16,492,168 shares in the company, valued at approximately $210,440,063.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Gp Ltd Bcp sold 3,922,786 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $2.20, for a total value of $8,630,129.20. Following the transaction, the insider now owns 23,352,826 shares in the company, valued at $51,376,217.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ocm Growth Holdings Llc sold 12,365 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $12.76, for a total transaction of $157,777.40. Following the completion of the transaction, the director now owns 16,492,168 shares in the company, valued at approximately $210,440,063.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,545,283 shares of company stock worth $22,555,512. Corporate insiders own 11.00% of the company’s stock.

Brookfield Price Performance

Shares of NYSE BN opened at $40.96 on Tuesday. The stock has a market cap of $67.17 billion, a price-to-earnings ratio of 66.07 and a beta of 1.50. Brookfield Co. has a 52 week low of $28.25 and a 52 week high of $41.60. The company’s 50-day moving average price is $39.16 and its 200 day moving average price is $35.18. 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 (NYSE:BNGet Free Report) last released its 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 company had revenue of $24.52 billion for the quarter, compared to analyst estimates of $1.15 billion. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. As a group, research analysts forecast that Brookfield Co. will post 3.75 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, March 12th. Brookfield’s dividend payout ratio is 45.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Scotiabank boosted their price objective on shares of Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a research note on Friday. TheStreet raised shares of Brookfield from a “c” rating to a “b” rating in a research note on Thursday. JPMorgan Chase & Co. upped 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. CIBC upped their price target on shares of Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Royal Bank of Canada upped their price target on shares of Brookfield from $52.00 to $53.00 and gave the stock an “outperform” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.45.

View Our Latest Analysis on Brookfield

Brookfield Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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