Quent Capital LLC Sells 1,807 Shares of Brookfield Co. (NYSE:BN)

Quent Capital LLC lowered its holdings in shares of Brookfield Co. (NYSE:BN) by 50.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,797 shares of the company’s stock after selling 1,807 shares during the quarter. Quent Capital LLC’s holdings in Brookfield were worth $75,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BN. Blacksheep Fund Management Ltd purchased a new stake in Brookfield during the 4th quarter valued at $101,800,000. Choreo LLC purchased a new stake in Brookfield during the 4th quarter valued at $754,000. American National Bank & Trust Co. VA purchased a new stake in Brookfield during the 1st quarter valued at $5,716,000. M&G Plc purchased a new stake in Brookfield during the 1st quarter valued at $111,222,000. Finally, Norges Bank purchased a new stake in Brookfield during the 4th quarter valued at $614,104,000. Institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BN. Scotiabank increased their price target on shares of Brookfield from $49.50 to $50.50 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Keefe, Bruyette & Woods dropped their target price on shares of Brookfield from $46.00 to $44.00 and set a “market perform” rating for the company in a research report on Friday, July 12th. Royal Bank of Canada dropped their target price on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. TD Securities raised their target price on shares of Brookfield from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Brookfield from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Brookfield Stock Down 1.2 %

Shares of Brookfield stock traded down $0.54 during trading on Wednesday, hitting $44.13. The company’s stock had a trading volume of 1,296,912 shares, compared to its average volume of 3,224,273. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.02 and a current ratio of 1.17. The company has a fifty day simple moving average of $43.67 and a two-hundred day simple moving average of $42.15. The company has a market capitalization of $72.53 billion, a PE ratio of 72.43 and a beta of 1.52. Brookfield Co. has a 52 week low of $28.84 and a 52 week high of $49.44.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13. The company had revenue of $22.91 billion during the quarter. Brookfield had a net margin of 1.16% and a return on equity of 3.15%. During the same quarter in the previous year, the business earned $0.72 earnings per share. Equities research analysts predict that Brookfield Co. will post 3.35 earnings per share for the current year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.32 annualized dividend and a dividend yield of 0.73%. Brookfield’s payout ratio is 52.46%.

Insider Buying and Selling at Brookfield

In other Brookfield news, Director Ocm Growth Holdings Llc sold 400,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $11.90, for a total transaction of $4,760,000.00. Following the completion of the sale, the director now directly owns 10,779,668 shares in the company, valued at approximately $128,278,049.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.00% of the stock is owned by company insiders.

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.