First Hawaiian Bank Trims Holdings in Brookfield Co. (NYSE:BN)

First Hawaiian Bank lowered its position in shares of Brookfield Co. (NYSE:BN) by 6.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,499 shares of the company’s stock after selling 855 shares during the quarter. First Hawaiian Bank’s holdings in Brookfield were worth $565,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Blacksheep Fund Management Ltd bought a new stake in Brookfield during the 4th quarter valued at approximately $101,800,000. Eldred Rock Partners LLC purchased a new position in shares of Brookfield in the fourth quarter worth $9,868,000. Choreo LLC bought a new position in shares of Brookfield during the fourth quarter worth $754,000. Norges Bank purchased a new position in Brookfield during the fourth quarter valued at $614,104,000. Finally, Gold Investment Management Ltd. bought a new stake in Brookfield in the 4th quarter valued at $4,473,000. 61.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Ocm Growth Holdings Llc sold 400,000 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $11.90, for a total transaction of $4,760,000.00. Following the completion of the sale, the director now directly owns 10,779,668 shares of the company’s stock, valued at $128,278,049.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Ocm Growth Holdings Llc sold 400,000 shares of Brookfield stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $11.90, for a total transaction of $4,760,000.00. Following the completion of the sale, 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 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 stock in a transaction that occurred 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. Insiders own 11.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Scotiabank dropped their price objective on shares of Brookfield from $50.00 to $49.50 and set a “sector outperform” rating for the company in a report on Friday, May 10th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $46.00 price objective (up previously from $45.00) on shares of Brookfield in a research note on Friday, May 10th. Finally, Royal Bank of Canada lowered their target price on Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.10.

Brookfield Trading Down 0.6 %

BN stock opened at $40.57 on Friday. The firm’s fifty day simple moving average is $42.18 and its two-hundred day simple moving average is $40.77. The stock has a market capitalization of $66.62 billion, a price-to-earnings ratio of 66.50 and a beta of 1.51. The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Brookfield Co. has a twelve month low of $28.84 and a twelve month high of $45.11.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. The company had revenue of $22.91 billion for the quarter. Brookfield had a net margin of 1.16% and a return on equity of 3.15%. During the same period last year, the company earned $0.72 earnings per share. As a group, analysts anticipate that Brookfield Co. will post 3.35 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Thursday, June 13th. Brookfield’s payout ratio is currently 52.46%.

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.