Catalyst Financial Partners LLC Invests $214,000 in Brookfield Co. (NYSE:BN)

Catalyst Financial Partners LLC bought a new position in shares of Brookfield Co. (NYSE:BN) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 5,332 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BN. M&T Bank Corp lifted its holdings in Brookfield by 3.3% during the 4th quarter. M&T Bank Corp now owns 9,942 shares of the company’s stock worth $400,000 after purchasing an additional 314 shares during the last quarter. Fidelis Capital Partners LLC lifted its holdings in Brookfield by 5.3% during the 4th quarter. Fidelis Capital Partners LLC now owns 7,334 shares of the company’s stock worth $294,000 after purchasing an additional 372 shares during the last quarter. Mckinley Capital Management LLC lifted its holdings in Brookfield by 1.6% during the 3rd quarter. Mckinley Capital Management LLC now owns 26,074 shares of the company’s stock worth $815,000 after purchasing an additional 410 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in Brookfield by 3.1% during the 3rd quarter. Moors & Cabot Inc. now owns 13,891 shares of the company’s stock worth $434,000 after purchasing an additional 416 shares during the last quarter. Finally, Lincoln National Corp lifted its holdings in Brookfield by 6.4% during the 4th quarter. Lincoln National Corp now owns 6,927 shares of the company’s stock worth $278,000 after purchasing an additional 419 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was 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. In related news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was 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 1,000,000 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $11.33, for a total value of $11,330,000.00. Following the sale, the director now owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The disclosure for this sale can be found here. 11.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on BN shares. BMO Capital Markets lifted their price target on Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Canaccord Genuity Group lifted their price objective on Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a report on Friday, February 9th. JPMorgan Chase & Co. lifted their price objective on Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. TheStreet raised Brookfield from a “c” rating to a “b” rating in a report on Thursday, February 8th. Finally, CIBC lifted their price objective on Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Two investment 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. According to MarketBeat.com, Brookfield has an average rating of “Moderate Buy” and a consensus target price of $47.25.

Brookfield Price Performance

Shares of Brookfield stock traded up $0.25 during trading on Thursday, reaching $44.24. 3,293,931 shares of the company’s stock were exchanged, compared to its average volume of 2,843,600. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15. Brookfield Co. has a 1-year low of $28.84 and a 1-year high of $44.25. The company has a market cap of $72.64 billion, a P/E ratio of 70.61 and a beta of 1.48. The firm’s 50-day moving average price is $41.04 and its 200 day moving average price is $38.55.

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

About Brookfield

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.