Catalyst Financial Partners LLC Invests $214,000 in Brookfield Co. (NYSE:BN)

Catalyst Financial Partners LLC bought a new position in shares of Brookfield Co. (NYSE:BN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,332 shares of the company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. grew its stake in Brookfield by 4,670.6% in the third quarter. Sunbelt Securities Inc. now owns 811 shares of the company’s stock worth $25,000 after purchasing an additional 794 shares in the last quarter. Allworth Financial LP grew its stake in Brookfield by 256.2% in the fourth quarter. Allworth Financial LP now owns 887 shares of the company’s stock worth $36,000 after purchasing an additional 638 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in Brookfield in the third quarter worth about $37,000. Oakworth Capital Inc. grew its stake in Brookfield by 172.3% in 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 in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Brookfield by 47.9% in the third quarter. EverSource Wealth Advisors LLC now owns 1,548 shares of the company’s stock worth $48,000 after purchasing an additional 501 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BN. BMO Capital Markets lifted 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. JPMorgan Chase & Co. lifted their target price on Brookfield from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. TD Securities lifted their target price on 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 upgraded Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Finally, CIBC boosted their price objective on Brookfield from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Two 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $47.25.

Brookfield Trading Up 0.6 %

NYSE BN traded up $0.25 on Thursday, hitting $44.24. 3,293,931 shares of the stock were exchanged, compared to its average volume of 2,843,600. Brookfield Co. has a 52-week low of $28.84 and a 52-week high of $44.25. 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 company has a market capitalization of $72.64 billion, a price-to-earnings ratio of 70.61 and a beta of 1.48. The company’s 50-day moving average price is $41.04 and its two-hundred day moving average price is $38.55.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.83 earnings per share 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%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. Research analysts predict that Brookfield Co. will post 3.35 EPS for the current year.

Insider Buying and Selling

In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the business’s stock in a transaction 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 available at this link. 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 transaction of $11,330,000.00. Following the completion of the transaction, the director now owns 15,492,168 shares of the company’s stock, valued at approximately $175,526,263.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the business’s stock in a transaction on 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. 11.00% of the stock is currently owned by corporate insiders.

Brookfield 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.