National Bank of Canada FI Has $123 Million Stock Holdings in Brookfield Co. (NYSE:BN)

National Bank of Canada FI reduced its position in shares of Brookfield Co. (NYSE:BN) by 8.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,172,962 shares of the company’s stock after selling 278,663 shares during the quarter. National Bank of Canada FI owned about 0.19% of Brookfield worth $122,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in Brookfield by 8.9% in the third quarter. Principal Financial Group Inc. now owns 63,734,864 shares of the company’s stock valued at $1,993,867,000 after purchasing an additional 5,192,256 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in 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 during the period. FMR LLC raised its position in shares of Brookfield by 37.8% during the third quarter. FMR LLC now owns 10,025,978 shares of the company’s stock worth $313,502,000 after purchasing an additional 2,752,801 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Brookfield by 153.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,848,871 shares of the company’s stock valued at $57,842,000 after purchasing an additional 1,118,396 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Brookfield by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 55,429,678 shares of the company’s stock worth $1,733,286,000 after buying an additional 1,016,222 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Performance

Shares of BN traded up $0.98 during midday trading on Friday, reaching $42.63. 3,873,439 shares of the stock were exchanged, compared to its average volume of 3,520,128. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.35. The company has a market cap of $70.00 billion, a P/E ratio of 68.76 and a beta of 1.48. Brookfield Co. has a twelve month low of $28.84 and a twelve month high of $43.17. The stock’s 50 day simple moving average is $40.87 and its 200 day simple moving average is $38.29.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.14. The firm had revenue of $24.52 billion for the quarter, compared to analyst estimates of $1.15 billion. Brookfield had a return on equity of 3.22% and a net margin of 1.18%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $1.12 EPS. On average, sell-side analysts expect that Brookfield Co. will post 3.35 earnings per share for the current year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were given a dividend of $0.08 per share. This is an increase from Brookfield’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Tuesday, March 12th. Brookfield’s payout ratio is currently 51.61%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada lowered their price objective on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Canaccord Genuity Group raised their price target on shares of Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. lifted their price target on shares of Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Scotiabank raised their price objective on Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a report on Friday, February 9th. Finally, CIBC raised their price target on Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Two 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $47.25.

Insiders Place Their Bets

In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the company’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the business’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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the completion of the sale, the director now owns 15,492,168 shares of the company’s stock, valued at $175,526,263.44. The disclosure for this sale can be found here. Corporate insiders own 11.00% 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.