SVB Wealth LLC Makes New $267,000 Investment in Brookfield Co. (NYSE:BN)

SVB Wealth LLC bought a new position in shares of Brookfield Co. (NYSE:BN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,652 shares of the company’s stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BN. FinTrust Capital Advisors LLC bought a new position in shares of Brookfield in the third quarter valued at approximately $25,000. Sunbelt Securities Inc. boosted 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. Allworth Financial LP boosted 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. Ronald Blue Trust Inc. boosted its position in shares of Brookfield by 102.6% in the third quarter. Ronald Blue Trust Inc. now owns 1,021 shares of the company’s stock valued at $34,000 after acquiring an additional 517 shares during the period. Finally, Castleview Partners LLC bought a new position in shares of Brookfield in the third quarter valued at approximately $34,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Up 1.6 %

Shares of Brookfield stock opened at $39.61 on Tuesday. The firm has a market cap of $65.03 billion, a PE ratio of 63.88 and a beta of 1.49. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $43.17. The company has a 50 day simple moving average of $40.75 and a two-hundred day simple moving average of $37.78. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.69 by $0.14. The firm had revenue of $24.52 billion for the quarter, compared to the consensus estimate of $1.15 billion. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $1.12 earnings per share. Analysts expect that Brookfield Co. will post 3.75 earnings per share for the current fiscal 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 paid a dividend of $0.08 per share. The ex-dividend date of this dividend 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 dividend yield of 0.81%. Brookfield’s dividend payout ratio (DPR) is 51.61%.

Insiders Place Their Bets

In other Brookfield 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 transaction, the director now directly 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 available at this hyperlink. Insiders own 11.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TheStreet upgraded shares of Brookfield from a “c” rating to a “b” rating in a research report on Thursday, February 8th. Royal Bank of Canada restated an “outperform” rating and issued a $53.00 price objective on shares of Brookfield in a research report on Friday, April 12th. BMO Capital Markets raised their price objective on shares of Brookfield from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Canaccord Genuity Group lifted their target price on shares of Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.