Virtu Financial LLC Buys 1,557 Shares of Brookfield Co. (NYSE:BN)

Virtu Financial LLC grew its position in Brookfield Co. (NYSE:BN) by 19.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,672 shares of the company’s stock after purchasing an additional 1,557 shares during the period. Virtu Financial LLC’s holdings in Brookfield were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Sunbelt Securities Inc. grew its position in Brookfield by 4,670.6% during the third quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock worth $25,000 after buying an additional 794 shares in the last quarter. Allworth Financial LP boosted 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 in the last quarter. Oakworth Capital Inc. increased its stake in shares of Brookfield by 172.3% in the 4th quarter. Oakworth Capital Inc. now owns 1,073 shares of the company’s stock valued at $43,000 after purchasing an additional 679 shares during the last quarter. MCF Advisors LLC raised its holdings in shares of Brookfield by 2,008.9% during the 4th quarter. MCF Advisors LLC now owns 2,362 shares of the company’s stock worth $95,000 after buying an additional 2,250 shares in the last quarter. Finally, Laurus Investment Counsel Inc. bought a new stake in shares of Brookfield during the 4th quarter worth $162,000. Institutional investors own 61.60% of the company’s stock.

Insider Buying and Selling

In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total transaction of $155,099.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the company’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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ocm Growth Holdings Llc sold 400,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 10,779,668 shares of the company’s stock, valued at approximately $128,278,049.20. The disclosure for this sale can be found here. 11.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BN. Scotiabank lowered their target price on Brookfield from $50.00 to $49.50 and set a “sector outperform” rating for the company in a research note on Friday, May 10th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $46.00 price target (up from $45.00) on shares of Brookfield in a report on Friday, May 10th. Finally, Royal Bank of Canada dropped their price objective on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $48.10.

Brookfield Trading Up 0.7 %

Shares of NYSE BN opened at $41.35 on Thursday. The firm has a 50 day moving average price of $42.09 and a two-hundred day moving average price of $40.73. The stock has a market cap of $67.91 billion, a P/E ratio of 67.79 and a beta of 1.51. Brookfield Co. has a 52-week low of $28.84 and a 52-week high of $45.11. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.02 and a current ratio of 1.17.

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

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be given 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 (DPR) is 52.46%.

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.