Cwm LLC Lowers Stock Holdings in Brookfield Co. (NYSE:BN) (2024)

Cwm LLC reduced its position in Brookfield Co. (NYSE:BN – Free Report) by 6.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,213 shares of the company’s stock after selling 561 shares during the period. Cwm LLC’s holdings in Brookfield were worth $329,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC purchased a new stake in shares of Brookfield during the 3rd quarter valued at $25,000. Sunbelt Securities Inc. grew 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 valued at $25,000 after buying an additional 794 shares during the period. Castleview Partners LLC purchased a new stake in shares of Brookfield during the 3rd quarter valued at $34,000. Allworth Financial LP grew its stake in shares of Brookfield by 256.2% during the 4th quarter. Allworth Financial LP now owns 887 shares of the company’s stock valued at $36,000 after buying an additional 638 shares during the period. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Brookfield during the 3rd quarter valued at $37,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BN shares. CIBC boosted their price objective on shares of Brookfield from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. TD Securities boosted their price objective on shares of Brookfield from $61.00 to $62.00 and gave the company an “action list buy” rating in a research note on Sunday, February 11th. TheStreet raised shares of Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Scotiabank lifted their target price on shares of Brookfield from $49.00 to $50.00 and gave the company a “sector outperform” rating in a report on Friday, February 9th. Finally, Canaccord Genuity Group lifted their target price on shares of Brookfield from $41.00 to $42.50 and gave the company a “hold” rating in a report on Friday, February 9th. Two 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.25.

Check Out Our Latest Stock Report on Brookfield

Brookfield Stock Performance

Shares of BN stock opened at $41.65 on Friday. Brookfield Co. has a 12 month low of $28.84 and a 12 month 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 firm has a market capitalization of $68.39 billion, a P/E ratio of 67.18 and a beta of 1.48. The company’s fifty day moving average price is $40.83 and its two-hundred day moving average price is $38.16.

Brookfield (NYSE:BN – Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.14. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The firm had revenue of $24.52 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business posted $1.12 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, research analysts anticipate that Brookfield Co. will post 3.75 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.77%. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. Brookfield’s payout ratio is currently 51.61%.

Insiders Place Their Bets

In other Brookfield news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $11.33, for a total value of $11,330,000.00. Following the transaction, the director now owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total value of $155,099.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were 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 owns 15,492,168 shares in the company, valued at approximately $175,526,263.44. The disclosure for this sale can be found here. 11.00% of the stock is currently owned by company insiders.

About Brookfield

(Free Report)

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.

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