Brookfield Corporation $BN Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in shares of Brookfield Corporation (NYSE:BN) by 43.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 61,743 shares of the company’s stock after acquiring an additional 18,788 shares during the period. Assenagon Asset Management S.A.’s holdings in Brookfield were worth $2,839,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of BN. Park Place Capital Corp lifted its position in Brookfield by 50.9% in the 4th quarter. Park Place Capital Corp now owns 4,700 shares of the company’s stock valued at $216,000 after purchasing an additional 1,585 shares during the last quarter. Diversified Trust Co. grew its position in Brookfield by 60.6% in the 4th quarter. Diversified Trust Co. now owns 4,875 shares of the company’s stock worth $224,000 after purchasing an additional 1,839 shares during the last quarter. Pacifica Partners Inc. increased its stake in shares of Brookfield by 49.2% in the fourth quarter. Pacifica Partners Inc. now owns 156,447 shares of the company’s stock valued at $7,277,000 after purchasing an additional 51,577 shares during the period. Tactive Advisors LLC increased its stake in shares of Brookfield by 52.9% in the fourth quarter. Tactive Advisors LLC now owns 7,152 shares of the company’s stock valued at $328,000 after purchasing an additional 2,473 shares during the period. Finally, Brave Asset Management Inc. raised its holdings in shares of Brookfield by 50.0% during the fourth quarter. Brave Asset Management Inc. now owns 5,400 shares of the company’s stock valued at $248,000 after buying an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Trading Down 0.9%

Shares of NYSE:BN opened at $38.66 on Tuesday. The company has a 50 day moving average of $43.74 and a 200-day moving average of $45.21. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.51. The firm has a market cap of $94.72 billion, a P/E ratio of 78.37 and a beta of 1.58. Brookfield Corporation has a twelve month low of $29.07 and a twelve month high of $49.56.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.67 EPS 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 3.90%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. As a group, analysts anticipate that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.07 per share. This is a boost from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, March 17th. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. Brookfield’s payout ratio is 57.14%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BN. Wall Street Zen upgraded Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Royal Bank Of Canada raised their target price on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. BMO Capital Markets lifted 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. Scotiabank reduced their price target on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a research report on Wednesday, March 25th. Finally, Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. One investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.20.

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.