Brookfield Corporation $BN Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in shares of Brookfield Corporation (NYSE:BN) by 1.5% in the 3rd quarter, Holdings Channel reports. The firm owned 60,559,807 shares of the company’s stock after buying an additional 897,916 shares during the period. Vanguard Group Inc.’s holdings in Brookfield were worth $4,155,251,000 at the end of the most recent reporting period.

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

Brookfield Price Performance

BN opened at $47.75 on Wednesday. The stock has a fifty day moving average price of $46.61 and a 200 day moving average price of $45.65. 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 1 year low of $29.07 and a 1 year high of $49.56. The stock has a market cap of $118.27 billion, a price-to-earnings ratio of 96.79 and a beta of 1.57.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $1.63 billion during 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%. Analysts forecast that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. This is a boost from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, March 17th. Brookfield’s dividend payout ratio is presently 48.98%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BN shares. National Bank Financial lifted their target price on shares of Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Morgan Stanley reiterated an “overweight” rating and set a $60.00 price objective on shares of Brookfield in a research report on Tuesday. Royal Bank Of Canada increased their target price on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Scotiabank reiterated an “outperform” rating and set a $52.00 price target (up previously from $49.00) on shares of Brookfield in a report on Friday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $54.59.

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.