Epiq Partners LLC Acquires 27,420 Shares of Brookfield Corporation $BN

Epiq Partners LLC increased its stake in Brookfield Corporation (NYSE:BN) by 49.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,855 shares of the company’s stock after acquiring an additional 27,420 shares during the quarter. Brookfield accounts for approximately 1.8% of Epiq Partners LLC’s portfolio, making the stock its 18th largest position. Epiq Partners LLC’s holdings in Brookfield were worth $3,802,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC bought a new position in Brookfield during the second quarter worth $32,000. Cary Street Partners Investment Advisory LLC increased its stake in Brookfield by 109.3% in 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. First Horizon Corp bought a new stake in Brookfield in the third quarter valued at $40,000. Versant Capital Management Inc raised its holdings in shares of Brookfield by 507.5% during the third quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock valued at $45,000 after purchasing an additional 543 shares during the period. Finally, AlphaCore Capital LLC acquired a new position in shares of Brookfield during the second quarter valued at about $63,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BN shares. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research note on Monday, December 29th. Morgan Stanley reaffirmed an “overweight” rating and set a $60.00 price target on shares of Brookfield in a research note on Tuesday, February 17th. Zacks Research upgraded Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Royal Bank Of Canada raised their price objective on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, BMO Capital Markets upped their target price on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.59.

Brookfield Trading Down 2.2%

BN opened at $38.25 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. Brookfield Corporation has a fifty-two week low of $29.07 and a fifty-two week high of $49.56. The firm has a market capitalization of $93.71 billion, a PE ratio of 77.54 and a beta of 1.58. The company’s 50-day moving average is $44.71 and its 200 day moving average is $45.41.

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 analysts’ consensus estimates of $0.61 by $0.06. The business 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 3.90% and a net margin of 1.74%. As a group, research analysts predict that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. Brookfield’s payout ratio is presently 57.14%.

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.