Brookfield (NYSE:BN) Sees Large Volume Increase

Shares of Brookfield Co. (NYSE:BN) saw unusually-strong trading volume on Friday . Approximately 10,912,615 shares traded hands during trading, an increase of 279% from the previous session’s volume of 2,879,045 shares.The stock last traded at $40.53 and had previously closed at $40.81.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Scotiabank cut their target price 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. Royal Bank of Canada cut their target price on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Finally, 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 research note on Friday, May 10th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $48.10.

Brookfield Trading Down 0.6 %

The company has a market cap of $66.63 billion, a price-to-earnings ratio of 66.51 and a beta of 1.51. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.02 and a current ratio of 1.17. The business’s 50 day moving average price is $42.18 and its 200-day moving average price is $40.81.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, May 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. The business had revenue of $22.91 billion during the quarter. Brookfield had a net margin of 1.16% and a return on equity of 3.15%. During the same quarter last year, the business earned $0.72 EPS. On average, research analysts forecast that Brookfield Co. will post 3.35 EPS for the current year.

Brookfield Dividend Announcement

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

Insider Buying and Selling

In related news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total transaction of $155,099.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total transaction of $155,099.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ocm Growth Holdings Llc sold 400,000 shares of the 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 directly owns 10,779,668 shares in the company, valued at approximately $128,278,049.20. The disclosure for this sale can be found here. 11.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Brookfield

A number of hedge funds have recently added to or reduced their stakes in BN. Fortis Group Advisors LLC boosted its stake in shares of Brookfield by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 674 shares of the company’s stock valued at $27,000 after purchasing an additional 337 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Brookfield by 4,670.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock valued at $25,000 after purchasing an additional 794 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Brookfield by 256.2% in the 4th quarter. Allworth Financial LP now owns 887 shares of the company’s stock valued at $36,000 after purchasing an additional 638 shares during the last quarter. Salem Investment Counselors Inc. bought a new position in shares of Brookfield in the 1st quarter valued at about $42,000. Finally, GAMMA Investing LLC boosted its stake in shares of Brookfield by 161.8% in the 1st quarter. GAMMA Investing LLC now owns 1,047 shares of the company’s stock valued at $44,000 after purchasing an additional 647 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

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.