Partners Group Holding AG Has $66.42 Million Stock Holdings in Brookfield Corporation $BN

Partners Group Holding AG raised its holdings in shares of Brookfield Corporation (NYSE:BN) by 47.8% during the third quarter, HoldingsChannel.com reports. The firm owned 968,546 shares of the company’s stock after acquiring an additional 313,313 shares during the quarter. Brookfield makes up 3.7% of Partners Group Holding AG’s portfolio, making the stock its 5th biggest position. Partners Group Holding AG’s holdings in Brookfield were worth $66,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in Brookfield by 4.1% in the second quarter. SG Americas Securities LLC now owns 4,333 shares of the company’s stock valued at $268,000 after buying an additional 172 shares during the period. SBI Securities Co. Ltd. raised its position in shares of Brookfield by 7.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,957 shares of the company’s stock valued at $183,000 after acquiring an additional 197 shares during the last quarter. Savant Capital LLC lifted its stake in shares of Brookfield by 6.5% in the 3rd quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock valued at $253,000 after purchasing an additional 226 shares during the period. Advisors Capital Management LLC boosted its position in shares of Brookfield by 3.2% in the 2nd quarter. Advisors Capital Management LLC now owns 7,440 shares of the company’s stock worth $460,000 after purchasing an additional 230 shares during the last quarter. Finally, State of Wyoming grew its stake in shares of Brookfield by 7.8% during the third quarter. State of Wyoming now owns 3,301 shares of the company’s stock worth $227,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Trading Up 1.3%

BN opened at $45.56 on Thursday. The stock has a market capitalization of $111.62 billion, a P/E ratio of 92.36 and a beta of 1.57. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.48. Brookfield Corporation has a 12 month low of $29.07 and a 12 month high of $49.56. The firm’s fifty day simple moving average is $46.61 and its 200 day simple moving average is $45.71.

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

Brookfield Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a boost from Brookfield’s previous quarterly dividend of $0.06. Brookfield’s payout ratio is currently 48.98%.

Analyst Ratings Changes

BN has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research note on Monday, December 29th. National Bank Financial upped their price target on Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Zacks Research upgraded shares of Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Scotiabank reaffirmed an “outperform” rating and issued a $52.00 target price (up from $49.00) on shares of Brookfield in a research note on Friday, February 13th. Finally, BMO Capital Markets lifted their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $54.59.

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.