Brookfield Corporation $BN Shares Sold by Eubel Brady & Suttman Asset Management Inc.

Eubel Brady & Suttman Asset Management Inc. trimmed its position in shares of Brookfield Corporation (NYSE:BN) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 650,639 shares of the company’s stock after selling 34,801 shares during the quarter. Brookfield accounts for approximately 5.1% of Eubel Brady & Suttman Asset Management Inc.’s portfolio, making the stock its largest holding. Eubel Brady & Suttman Asset Management Inc.’s holdings in Brookfield were worth $44,621,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Brookfield by 1.6% during the 3rd quarter. Principal Financial Group Inc. now owns 50,849,914 shares of the company’s stock worth $3,487,338,000 after purchasing an additional 799,440 shares during the period. Akre Capital Management LLC boosted its stake in shares of Brookfield by 0.7% in the second quarter. Akre Capital Management LLC now owns 19,219,290 shares of the company’s stock valued at $1,188,713,000 after buying an additional 125,269 shares in the last quarter. Norges Bank purchased a new stake in shares of Brookfield in the second quarter valued at approximately $1,040,160,000. Mackenzie Financial Corp grew its holdings in Brookfield by 1.6% during the second quarter. Mackenzie Financial Corp now owns 16,319,256 shares of the company’s stock worth $1,010,616,000 after acquiring an additional 249,913 shares during the period. Finally, Bank of Nova Scotia raised its position in Brookfield by 13.3% in the second quarter. Bank of Nova Scotia now owns 13,263,185 shares of the company’s stock worth $820,569,000 after acquiring an additional 1,556,042 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of BN opened at $46.71 on Thursday. Brookfield Corporation has a 12-month low of $29.07 and a 12-month high of $49.56. The stock has a market cap of $115.69 billion, a P/E ratio of 129.75 and a beta of 1.57. 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 50-day moving average of $46.53 and a two-hundred day moving average of $45.56.

Brookfield (NYSE:BN) last issued its quarterly earnings data 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 business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. As a group, research analysts predict that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on BN. National Bank Financial boosted their target price on shares of Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. BMO Capital Markets reissued an “outperform” rating and set a $49.00 price objective (up previously from $46.00) on shares of Brookfield in a report on Wednesday, December 17th. Morgan Stanley restated an “overweight” rating and set a $58.00 target price on shares of Brookfield in a research report on Tuesday, January 27th. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Zacks Research upgraded Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.70.

Brookfield Profile

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.