Brookfield Co. (NYSE:BN) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. boosted its position in Brookfield Co. (NYSE:BN) by 1,049.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,181 shares of the company’s stock after acquiring an additional 6,556 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Brookfield were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Brookfield by 8.9% during the 3rd quarter. Principal Financial Group Inc. now owns 63,734,864 shares of the company’s stock worth $1,993,867,000 after purchasing an additional 5,192,256 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Brookfield by 21.0% during 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 buying an additional 3,331,522 shares during the period. FMR LLC lifted its position in Brookfield by 37.8% during the 3rd quarter. FMR LLC now owns 10,025,978 shares of the company’s stock worth $313,502,000 after acquiring an additional 2,752,801 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Brookfield by 153.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,848,871 shares of the company’s stock worth $57,842,000 after acquiring an additional 1,118,396 shares during the period. Finally, Vanguard Group Inc. grew its position in Brookfield by 1.9% in the third quarter. Vanguard Group Inc. now owns 55,429,678 shares of the company’s stock valued at $1,733,286,000 after acquiring an additional 1,016,222 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Up 0.6 %

Shares of BN stock opened at $44.24 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15. The stock has a market cap of $72.64 billion, a PE ratio of 71.36 and a beta of 1.48. The business’s fifty day moving average is $41.10 and its 200-day moving average is $38.59. Brookfield Co. has a 1 year low of $28.84 and a 1 year high of $44.25.

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

Analyst Upgrades and Downgrades

BN has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. CIBC lifted their price objective on Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. BMO Capital Markets increased their target price on Brookfield from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. TheStreet upgraded shares of Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Finally, Scotiabank raised their price objective on shares of Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a report on Friday, February 9th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.25.

Insider Activity at Brookfield

In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of Brookfield stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total value of $155,099.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $21.75, for a total transaction of $155,099.25. The disclosure for this sale can be found here. Company 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.