James Hambro & Partners LLP Purchases Shares of 1,985,354 Brookfield Corporation $BN

James Hambro & Partners LLP purchased a new stake in shares of Brookfield Corporation (NYSE:BN) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,985,354 shares of the company’s stock, valued at approximately $91,118,000. Brookfield makes up 3.3% of James Hambro & Partners LLP’s investment portfolio, making the stock its 18th largest position. James Hambro & Partners LLP owned approximately 0.08% of Brookfield at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BN. AQR Capital Management LLC boosted its stake in Brookfield by 147.5% during the first quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock valued at $963,000 after buying an additional 11,069 shares during the period. NewEdge Advisors LLC grew its position in Brookfield by 13.5% during the first quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock worth $130,000 after buying an additional 295 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Brookfield by 32.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock worth $353,000 after acquiring an additional 1,396 shares during the last quarter. American Century Companies Inc. increased its stake in Brookfield by 1.0% in the 2nd quarter. American Century Companies Inc. now owns 67,706 shares of the company’s stock worth $4,190,000 after acquiring an additional 682 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Brookfield in the 2nd quarter valued at about $366,000. Institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BN. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Brookfield in a report on Monday, December 1st. Scotiabank lowered their target price on shares of Brookfield from $52.00 to $48.50 and set a “sector outperform” rating on the stock in a research note on Wednesday, March 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research report on Friday. National Bank Financial boosted their price target on shares of Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada increased their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and an average target price of $54.20.

Brookfield Stock Performance

Shares of NYSE BN opened at $38.66 on Tuesday. The stock’s 50-day moving average is $43.74 and its 200 day moving average is $45.21. The stock has a market cap of $94.72 billion, a price-to-earnings ratio of 78.37 and a beta of 1.58. Brookfield Corporation has a 1-year low of $29.07 and a 1-year 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 1.51.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. Brookfield had a return on equity of 3.90% and a net margin of 1.74%.The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. On average, sell-side analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.07 dividend. This is a positive change from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. Brookfield’s dividend payout ratio is currently 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.