Brookfield Corporation $BN Stock Holdings Raised by Asset Management Advisors LLC

Asset Management Advisors LLC grew its position in shares of Brookfield Corporation (NYSE:BN) by 49.7% in the 4th quarter, HoldingsChannel reports. The firm owned 341,414 shares of the company’s stock after acquiring an additional 113,361 shares during the quarter. Brookfield makes up about 9.5% of Asset Management Advisors LLC’s holdings, making the stock its 2nd biggest holding. Asset Management Advisors LLC’s holdings in Brookfield were worth $15,667,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new position in shares of Brookfield during the 2nd quarter valued at about $32,000. First Horizon Corp purchased a new stake in shares of Brookfield in the 3rd quarter valued at $40,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Brookfield by 109.3% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 632 shares of the company’s stock valued at $39,000 after purchasing an additional 330 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Brookfield by 507.5% during the 3rd quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock valued at $45,000 after purchasing an additional 543 shares during the last quarter. Finally, Assetmark Inc. raised its position in Brookfield by 210.6% in the 3rd quarter. Assetmark Inc. now owns 963 shares of the company’s stock worth $66,000 after purchasing an additional 653 shares during the period. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BN has been the subject of several recent research reports. BMO Capital Markets boosted their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a report on Monday, December 29th. Royal Bank Of Canada boosted their target price on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Morgan Stanley restated an “overweight” rating and set a $60.00 price target on shares of Brookfield in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.59.

Brookfield Stock Down 0.3%

Shares of Brookfield stock opened at $39.12 on Friday. The company’s fifty day simple moving average is $44.90 and its two-hundred day simple moving average is $45.45. Brookfield Corporation has a 12-month low of $29.07 and a 12-month high of $49.56. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.48. The company has a market cap of $95.83 billion, a P/E ratio of 79.29 and a beta of 1.58.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Brookfield had a net margin of 1.74% and a return on equity of 3.87%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. Research analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.7%. This is a boost from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, March 17th. Brookfield’s dividend payout ratio (DPR) is 57.14%.

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.