20,846 Shares in Brookfield Corporation $BN Bought by Aspiriant LLC

Aspiriant LLC purchased a new stake in Brookfield Corporation (NYSE:BN) in the fourth quarter, Holdings Channel.com reports. The fund purchased 20,846 shares of the company’s stock, valued at approximately $957,000.

Several other large investors have also bought and sold shares of the stock. Exchange Traded Concepts LLC purchased a new position in Brookfield during the 4th quarter worth $27,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Brookfield during the second quarter valued at about $32,000. Hilltop National Bank lifted its position in shares of Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in shares of 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 purchasing an additional 330 shares in the last quarter. Finally, First Horizon Corp purchased a new position in Brookfield during the third quarter worth about $40,000. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Performance

NYSE:BN opened at $40.93 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.21. The business has a fifty day simple moving average of $43.29 and a two-hundred day simple moving average of $45.07. Brookfield Corporation has a 1 year low of $29.07 and a 1 year high of $49.56. The company has a market capitalization of $100.30 billion, a P/E ratio of 82.96 and a beta of 1.56.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Brookfield had a return on equity of 3.90% and a net margin of 1.74%. On average, analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, March 17th. This is an increase from Brookfield’s previous quarterly dividend of $0.06. Brookfield’s dividend payout ratio is currently 57.14%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Scotiabank decreased their price objective on shares of Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a research note on Wednesday, March 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. Royal Bank Of Canada increased their price target 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 price target on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Morgan Stanley restated an “overweight” rating and issued a $60.00 price objective on shares of Brookfield in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.20.

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.