Trust Co. of Vermont Trims Stock Holdings in Brookfield Co. (NYSE:BN)

Trust Co. of Vermont reduced its holdings in shares of Brookfield Co. (NYSE:BN) by 18.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 66,228 shares of the company’s stock after selling 14,619 shares during the period. Trust Co. of Vermont’s holdings in Brookfield were worth $2,657,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BN. Vanguard Group Inc. increased its position in shares of Brookfield by 1.9% during the third quarter. Vanguard Group Inc. now owns 55,429,678 shares of the company’s stock worth $1,733,286,000 after acquiring an additional 1,016,222 shares during the period. Capital World Investors lifted its holdings in shares of Brookfield by 102.2% in the 4th quarter. Capital World Investors now owns 49,424,522 shares of the company’s stock worth $1,982,903,000 after buying an additional 24,975,364 shares during the period. TD Asset Management Inc grew its position in shares of Brookfield by 16.2% during the 4th quarter. TD Asset Management Inc now owns 26,542,983 shares of the company’s stock worth $1,069,892,000 after buying an additional 3,702,266 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Brookfield by 1.2% in the third quarter. Bank of Nova Scotia now owns 20,312,486 shares of the company’s stock valued at $635,326,000 after acquiring an additional 242,567 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Brookfield by 21.0% in the third quarter. The Manufacturers Life Insurance Company now owns 19,233,299 shares of the company’s stock valued at $602,966,000 after acquiring an additional 3,331,522 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

BN has been the topic of several recent research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $46.00 target price (up from $45.00) on shares of Brookfield in a report on Friday, May 10th. Royal Bank of Canada dropped their price objective on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Finally, Scotiabank reduced their price objective on shares of Brookfield from $50.00 to $49.50 and set a “sector outperform” rating for the company in a research note on Friday, May 10th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $48.10.

Brookfield Stock Performance

Shares of BN stock opened at $41.07 on Tuesday. Brookfield Co. has a 12-month low of $28.84 and a 12-month high of $45.11. The business’s fifty day simple moving average is $42.08 and its 200-day simple moving average is $40.66. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 1.35. The company has a market cap of $67.45 billion, a PE ratio of 66.48 and a beta of 1.51.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, May 9th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.13. The firm had revenue of $22.91 billion for the quarter. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. During the same quarter last year, the firm earned $0.72 earnings per share. Analysts expect that Brookfield Co. will post 3.35 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, June 13th. Brookfield’s payout ratio is currently 52.46%.

Insiders Place Their Bets

In other Brookfield news, Director Ocm Growth Holdings Llc sold 400,000 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $11.90, for a total value of $4,760,000.00. Following the completion of the transaction, the director now owns 10,779,668 shares of the company’s stock, valued at $128,278,049.20. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Brookfield news, Director Ocm Growth Holdings Llc sold 400,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $11.90, for a total transaction of $4,760,000.00. Following the sale, the director now owns 10,779,668 shares in the company, valued at approximately $128,278,049.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the firm’s stock in a transaction dated 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. 11.00% of the stock is owned by insiders.

Brookfield Company 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.