Brookfield Corporation $BN Position Increased by Baillie Gifford & Co.

Baillie Gifford & Co. grew its position in Brookfield Corporation (NYSE:BN) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,822,387 shares of the company’s stock after purchasing an additional 57,994 shares during the period. Baillie Gifford & Co.’s holdings in Brookfield were worth $330,719,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hilltop National Bank acquired a new position in Brookfield in the 2nd quarter worth approximately $30,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Brookfield in the second quarter valued at $32,000. Ameritas Advisory Services LLC acquired a new stake in shares of Brookfield in the second quarter worth $33,000. First Horizon Corp purchased a new position in shares of Brookfield during the third quarter valued at $40,000. Finally, Cary Street Partners Investment Advisory LLC raised its position in Brookfield by 109.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 632 shares of the company’s stock valued at $39,000 after buying an additional 330 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Price Performance

NYSE BN opened at $47.17 on Friday. Brookfield Corporation has a 1 year low of $29.07 and a 1 year high of $49.56. The company has a fifty day simple moving average of $46.28 and a 200 day simple moving average of $45.31. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.54. The company has a market cap of $116.82 billion, a P/E ratio of 131.01 and a beta of 1.58.

Brookfield (NYSE:BN) last released its earnings results on Thursday, November 13th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Brookfield had a net margin of 1.34% and a return on equity of 3.92%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. On average, sell-side analysts predict that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 16th. This represents a $0.24 annualized dividend and a yield of 0.5%. Brookfield’s dividend payout ratio is presently 66.67%.

Wall Street Analysts Forecast Growth

BN has been the subject of a number of research reports. Wall Street Zen lowered Brookfield from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Brookfield in a report on Monday, December 1st. TD Securities boosted their price objective on shares of Brookfield from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 14th. CIBC reissued an “outperform” rating and set a $52.00 target price (up previously from $50.67) on shares of Brookfield in a research note on Friday, November 14th. Finally, Zacks Research raised shares of Brookfield from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $53.87.

About Brookfield

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.