MCF Advisors LLC Has $30,000 Holdings in Brookfield Co. (NYSE:BN)

MCF Advisors LLC trimmed its holdings in Brookfield Co. (NYSE:BN) by 69.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 712 shares of the company’s stock after selling 1,650 shares during the period. MCF Advisors LLC’s holdings in Brookfield were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BN. Capital World Investors raised its stake in shares of Brookfield by 102.2% in the 4th quarter. Capital World Investors now owns 49,424,522 shares of the company’s stock valued at $1,982,903,000 after purchasing an additional 24,975,364 shares during the period. Norges Bank bought a new stake in Brookfield in the 4th quarter valued at approximately $614,104,000. TD Asset Management Inc lifted its stake in Brookfield by 16.2% in the 4th quarter. TD Asset Management Inc now owns 26,542,983 shares of the company’s stock valued at $1,069,892,000 after acquiring an additional 3,702,266 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Brookfield by 21.0% in the 3rd 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 in the last quarter. Finally, Blacksheep Fund Management Ltd bought a new stake in Brookfield in the 4th quarter valued at approximately $101,800,000. 61.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BN has been the topic of several research reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $46.00 target price (up previously from $45.00) on shares of Brookfield in a research note on Friday, May 10th. Royal Bank of Canada cut their target price on Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Finally, Scotiabank cut their target price on Brookfield from $50.00 to $49.50 and set a “sector outperform” rating on the stock in a research note on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $48.10.

Brookfield Stock Performance

Shares of BN stock traded down $0.02 during trading on Friday, reaching $41.54. 1,549,328 shares of the company’s stock were exchanged, compared to its average volume of 5,315,918. The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $68.28 billion, a PE ratio of 68.10 and a beta of 1.51. Brookfield Co. has a twelve month low of $28.84 and a twelve month high of $45.11. The firm’s fifty day moving average price is $42.43 and its 200-day moving average price is $40.96.

Brookfield (NYSE:BN) last posted its earnings results 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. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. The business had revenue of $22.91 billion for the quarter. During the same period in the previous year, the firm posted $0.72 earnings per share. As a group, sell-side analysts anticipate that Brookfield Co. will post 3.35 EPS for the current year.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Thursday, June 13th. Brookfield’s dividend payout ratio is 52.46%.

Insider Buying and Selling at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 400,000 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $11.90, for a total value of $4,760,000.00. Following the transaction, the director now directly owns 10,779,668 shares of the company’s stock, valued at approximately $128,278,049.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Ocm Growth Holdings Llc sold 400,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now directly owns 10,779,668 shares in the company, valued at approximately $128,278,049.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were 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.

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.