L & S Advisors Inc Increases Holdings in Brookfield Corporation $BN

L & S Advisors Inc boosted its stake in shares of Brookfield Corporation (NYSE:BNFree Report) by 55.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 57,644 shares of the company’s stock after acquiring an additional 20,617 shares during the period. L & S Advisors Inc’s holdings in Brookfield were worth $2,645,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Savant Capital LLC boosted its stake in shares of 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 acquiring an additional 226 shares in the last quarter. State of Wyoming lifted its stake in Brookfield by 7.8% in the 3rd 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. Hilltop National Bank lifted its stake in Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after buying an additional 241 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in Brookfield by 38.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock valued at $60,000 after acquiring an additional 243 shares during the last quarter. Finally, New England Capital Financial Advisors LLC raised its holdings in Brookfield by 50.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after acquiring an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

More Brookfield News

Here are the key news stories impacting Brookfield this week:

Brookfield Price Performance

Shares of NYSE:BN opened at $45.48 on Friday. The company has a 50-day simple moving average of $42.78 and a 200-day simple moving average of $44.94. Brookfield Corporation has a one year low of $37.54 and a one year high of $49.56. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.21 and a current ratio of 1.32. The stock has a market capitalization of $111.45 billion, a price-to-earnings ratio of 89.17 and a beta of 1.55.

Brookfield (NYSE:BNGet Free Report) last announced its earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Brookfield had a net margin of 1.76% and a return on equity of 3.87%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. On average, analysts predict that Brookfield Corporation will post 2.94 EPS for the current year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s dividend payout ratio is presently 57.14%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank Of Canada cut their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Scotia lifted their target price on shares of Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $61.00 price objective (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Brookfield currently has an average rating of “Moderate Buy” and an average price target of $56.40.

View Our Latest Report on BN

Brookfield Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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