Brookfield Co. (NYSE:BN) Position Boosted by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. increased its holdings in Brookfield Co. (NYSE:BN) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,424 shares of the company’s stock after purchasing an additional 2,355 shares during the quarter. Brookfield accounts for 1.9% of LGT Fund Management Co Ltd.’s investment portfolio, making the stock its 8th biggest position. LGT Fund Management Co Ltd.’s holdings in Brookfield were worth $4,474,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC purchased a new position in shares of Brookfield in the third quarter valued at about $25,000. Sunbelt Securities Inc. increased its position in shares of Brookfield by 4,670.6% in the third quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock valued at $25,000 after acquiring an additional 794 shares during the period. Castleview Partners LLC purchased a new position in shares of Brookfield in the third quarter valued at about $34,000. Allworth Financial LP increased its position in shares of 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 acquiring an additional 638 shares during the period. Finally, First Command Advisory Services Inc. purchased a new position in shares of Brookfield in the third quarter valued at about $37,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analysts Set New Price Targets

BN has been the topic of a number of research reports. Royal Bank of Canada cut their target price on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Monday. TheStreet raised shares of Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. BMO Capital Markets lifted their target price on shares of Brookfield from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. CIBC boosted their price objective on shares of Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Finally, TD Securities boosted their price objective on shares of Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a research note on Sunday, February 11th. 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 stock. According to MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and an average target price of $47.25.

Insiders Place Their Bets

In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were 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 can be accessed through this hyperlink. In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were 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 can be accessed through this hyperlink. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm’s 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 sale, the director now owns 15,492,168 shares in the company, valued at $175,526,263.44. The disclosure for this sale can be found here. Insiders own 11.00% of the company’s stock.

Brookfield Stock Up 0.2 %

Shares of NYSE BN traded up $0.08 during midday trading on Thursday, hitting $41.05. The stock had a trading volume of 888,051 shares, compared to its average volume of 2,720,470. The business’s 50 day moving average is $40.83 and its 200-day moving average is $38.16. The company has a market cap of $67.41 billion, a P/E ratio of 66.21 and a beta of 1.48. Brookfield Co. has a 52 week low of $28.84 and a 52 week high of $43.17. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.35.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.83 earnings per share 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 firm had revenue of $24.52 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the company earned $1.12 earnings per share. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, analysts predict that Brookfield Co. will post 3.75 EPS for the current year.

Brookfield Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were given a $0.08 dividend. The ex-dividend date was Tuesday, March 12th. This is an increase from Brookfield’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 0.78%. 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.