Brookfield Co. (NYSE:BN) Shares Sold by Pacifica Partners Inc.

Pacifica Partners Inc. cut its stake in shares of Brookfield Co. (NYSE:BN) by 0.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 101,143 shares of the company’s stock after selling 327 shares during the quarter. Brookfield makes up 1.9% of Pacifica Partners Inc.’s holdings, making the stock its 16th biggest holding. Pacifica Partners Inc.’s holdings in Brookfield were worth $4,180,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BN. M&T Bank Corp lifted its position in shares of Brookfield by 3.3% during the fourth quarter. M&T Bank Corp now owns 9,942 shares of the company’s stock worth $400,000 after purchasing an additional 314 shares in the last quarter. Fortis Group Advisors LLC boosted its position in Brookfield by 100.0% during 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 period. Fidelis Capital Partners LLC lifted its position in Brookfield by 5.3% in the 4th quarter. Fidelis Capital Partners LLC now owns 7,334 shares of the company’s stock valued at $294,000 after purchasing an additional 372 shares during the last quarter. Mckinley Capital Management LLC boosted its position in shares of Brookfield by 1.6% during the third quarter. Mckinley Capital Management LLC now owns 26,074 shares of the company’s stock worth $815,000 after buying an additional 410 shares during the period. Finally, Lincoln National Corp grew its holdings in Brookfield by 6.4% in the 4th quarter. Lincoln National Corp now owns 6,927 shares of the company’s stock worth $278,000 after buying an additional 419 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Insider Activity at Brookfield

In other news, Director Ocm Growth Holdings Llc sold 400,000 shares of the stock in a transaction that occurred 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 sale, the director now directly 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 available through the SEC website. In related news, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 disclosure for this sale can be found here. 11.00% of the stock is owned by insiders.

Brookfield Trading Up 2.1 %

Shares of Brookfield stock traded up $0.85 on Monday, reaching $41.42. 15,816,633 shares of the company were exchanged, compared to its average volume of 3,006,734. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 1.35. Brookfield Co. has a fifty-two week low of $28.84 and a fifty-two week high of $45.11. The firm has a market capitalization of $68.02 billion, a price-to-earnings ratio of 67.80 and a beta of 1.51. The stock has a fifty day moving average price of $42.18 and a 200-day moving average price of $40.84.

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

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.77%. Brookfield’s dividend payout ratio is 52.46%.

Analysts Set New Price Targets

A number of research analysts have issued reports on BN shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $46.00 price target (up previously from $45.00) on shares of Brookfield in a research report on Friday, May 10th. Scotiabank decreased 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 report on Friday, May 10th. Finally, Royal Bank of Canada dropped their price target on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Two investment 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.10.

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.