Parkside Financial Bank & Trust Sells 387 Shares of Brookfield Co. (NYSE:BN)

Parkside Financial Bank & Trust lowered its holdings in Brookfield Co. (NYSE:BN) by 25.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,121 shares of the company’s stock after selling 387 shares during the period. Parkside Financial Bank & Trust’s holdings in Brookfield were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new position in shares of Brookfield in the third quarter valued at $25,000. Sunbelt Securities Inc. increased its stake in shares of Brookfield by 4,670.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock worth $25,000 after purchasing an additional 794 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Brookfield by 256.2% in the 4th quarter. Allworth Financial LP now owns 887 shares of the company’s stock valued at $36,000 after purchasing an additional 638 shares during the period. Oakworth Capital Inc. grew its holdings in Brookfield by 172.3% during the fourth quarter. Oakworth Capital Inc. now owns 1,073 shares of the company’s stock worth $43,000 after purchasing an additional 679 shares during the period. Finally, Castleview Partners LLC bought a new position in Brookfield during the third quarter worth about $34,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’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 directly owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the stock in a transaction on 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 can be accessed through this hyperlink. 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. Corporate insiders own 11.00% of the company’s stock.

Brookfield Price Performance

Brookfield stock opened at $40.96 on Friday. The firm has a market cap of $67.26 billion, a PE ratio of 66.06 and a beta of 1.49. Brookfield Co. has a one year low of $28.84 and a one year high of $43.17. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.15 and a quick ratio of 0.99. The stock’s fifty day moving average price is $40.80 and its two-hundred day moving average price is $37.96.

Brookfield (NYSE:BN) last released its earnings results on Thursday, February 8th. The company reported $0.83 EPS for the quarter, beating the consensus estimate 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 net margin of 1.18% and a return on equity of 3.22%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $1.12 EPS. As a group, research analysts expect that Brookfield Co. will post 3.75 EPS for the current fiscal year.

Brookfield Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Tuesday, March 12th. This is an increase from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s dividend payout ratio (DPR) is currently 51.61%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BN shares. JPMorgan Chase & Co. boosted their target price on Brookfield from $48.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Scotiabank increased their price objective on shares of Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a research report on Friday, February 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 target price on shares of Brookfield in a report on Friday, April 12th. CIBC increased their price target on shares of Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Finally, TD Securities raised their price objective on shares of Brookfield from $61.00 to $62.00 and gave the stock an “action list buy” rating in a research report on Sunday, February 11th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.45.

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.