Brookfield Co. (NYSE:BN) Receives $47.45 Average PT from Brokerages

Shares of Brookfield Co. (NYSE:BN) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $47.45.

A number of research analysts recently weighed in on BN shares. Scotiabank increased their price objective 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. TheStreet raised Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. upped their price target on Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. CIBC increased their price objective on shares of Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Finally, BMO Capital Markets upped their price objective on Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, February 9th.

Brookfield Trading Up 1.8 %

NYSE BN opened at $40.96 on Friday. The stock has a market cap of $67.26 billion, a P/E ratio of 66.07 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 has a 12 month low of $28.84 and a 12 month high of $43.17. The stock’s fifty day moving average price is $40.80 and its 200-day moving average price is $38.03.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, February 8th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.69 by $0.14. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The business had revenue of $24.52 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business posted $1.12 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts forecast that Brookfield will post 3.75 EPS for the current fiscal year.

Brookfield Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Tuesday, March 12th. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s dividend payout ratio (DPR) is 51.61%.

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 stock was 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 in the company, valued at $175,526,263.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other 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 completion of the sale, the director now owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was 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. Company insiders own 11.00% of the company’s stock.

Institutional Trading of Brookfield

A number of hedge funds have recently bought and sold shares of BN. CWM LLC increased its position in Brookfield by 66.8% during the 3rd quarter. CWM LLC now owns 8,774 shares of the company’s stock valued at $274,000 after buying an additional 3,513 shares in the last quarter. AE Wealth Management LLC increased its holdings in Brookfield by 10.0% in the third quarter. AE Wealth Management LLC now owns 17,591 shares of the company’s stock valued at $550,000 after buying an additional 1,603 shares in the last quarter. Private Trust Co. NA raised its holdings in 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 period. Coronation Fund Managers Ltd. acquired a new stake in Brookfield in the third quarter valued at approximately $885,000. Finally, Sather Financial Group Inc increased its holdings in Brookfield by 4.6% in the 3rd quarter. Sather Financial Group Inc now owns 1,379,831 shares of the company’s stock worth $43,147,000 after acquiring an additional 60,971 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

About Brookfield

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.