Avior Wealth Management LLC Sells 6,400 Shares of Brookfield Co. (NYSE:BN)

Avior Wealth Management LLC cut its position in shares of Brookfield Co. (NYSE:BN) by 17.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,927 shares of the company’s stock after selling 6,400 shares during the quarter. Avior Wealth Management LLC’s holdings in Brookfield were worth $1,241,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new stake in Brookfield in the third quarter worth $25,000. Sunbelt Securities Inc. boosted its holdings in Brookfield by 4,670.6% in the third 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. Tower Research Capital LLC TRC bought a new stake in Brookfield in the third quarter worth $30,000. Ronald Blue Trust Inc. boosted its holdings in Brookfield by 102.6% in the third quarter. Ronald Blue Trust Inc. now owns 1,021 shares of the company’s stock worth $34,000 after acquiring an additional 517 shares in the last quarter. Finally, Castleview Partners LLC bought a new stake in Brookfield in the third quarter worth $34,000. 61.60% of the stock is owned by institutional investors.

Insider Activity at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business’s stock in a transaction dated 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 owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.00% of the stock is owned by company insiders.

Brookfield Stock Down 0.7 %

Brookfield stock opened at $38.72 on Wednesday. The stock has a market cap of $63.58 billion, a PE ratio of 62.45 and a beta of 1.49. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15. Brookfield Co. has a one year low of $28.84 and a one year high of $43.17. The stock has a fifty day moving average of $40.87 and a 200 day moving average of $37.53.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. The company had revenue of $24.52 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. Brookfield’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 earnings per share. As a group, sell-side analysts predict that Brookfield Co. will post 3.75 EPS for the current year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Tuesday, March 12th. This is a boost from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s dividend payout ratio is 51.61%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. BMO Capital Markets boosted their price target on Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. TheStreet upgraded Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Canaccord Genuity Group boosted their price target on Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, Scotiabank boosted their price target on Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $47.45.

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.