Capital World Investors Purchases 1,624,085 Shares of Brookfield Corporation $BN

Capital World Investors increased its stake in shares of Brookfield Corporation (NYSE:BN) by 2.4% during the third quarter, HoldingsChannel.com reports. The firm owned 68,313,662 shares of the company’s stock after buying an additional 1,624,085 shares during the period. Capital World Investors’ holdings in Brookfield were worth $4,685,103,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. National Bank Financial lifted their target price on shares of Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Scotiabank reaffirmed an “outperform” rating and set a $52.00 price target (up from $49.00) on shares of Brookfield in a research note on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, TD Securities upped their price objective on Brookfield from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.59.

Brookfield Stock Down 0.3%

Shares of BN opened at $41.07 on Tuesday. The company’s 50-day moving average price is $46.11 and its 200 day moving average price is $45.71. 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 has a market cap of $100.62 billion, a P/E ratio of 83.26 and a beta of 1.58.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. Brookfield had a net margin of 1.74% and a return on equity of 3.87%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. On average, sell-side analysts forecast 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 will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, March 17th. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. This is an increase from Brookfield’s previous quarterly dividend of $0.06. Brookfield’s dividend payout ratio (DPR) is currently 48.98%.

Brookfield Company 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.