QV Investors Inc. Has $27.70 Million Stake in Brookfield Corporation $BN

QV Investors Inc. reduced its stake in Brookfield Corporation (NYSE:BN) by 5.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 649,449 shares of the company’s stock after selling 34,640 shares during the quarter. Brookfield accounts for approximately 2.1% of QV Investors Inc.’s investment portfolio, making the stock its 17th largest holding. QV Investors Inc.’s holdings in Brookfield were worth $27,699,000 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 BN. AQR Capital Management LLC boosted its position in shares of Brookfield by 147.5% during the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock worth $963,000 after acquiring an additional 11,069 shares in the last quarter. NewEdge Advisors LLC lifted its stake 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 purchasing an additional 295 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Brookfield by 32.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock valued at $353,000 after purchasing an additional 1,396 shares in the last quarter. AXA S.A. increased its stake in shares of Brookfield by 42.2% in the 2nd quarter. AXA S.A. now owns 103,531 shares of the company’s stock valued at $6,403,000 after purchasing an additional 30,703 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Brookfield by 29.6% during the 2nd quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock worth $1,577,000 after buying an additional 5,821 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. TD Securities reiterated a “buy” rating and issued a $60.00 target price on shares of Brookfield in a research report on Tuesday, May 19th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Wednesday, June 24th. Scotia upped their price target on shares of Brookfield from $53.00 to $54.00 and gave the stock a “sector outperform” rating in a report on Friday, August 14th. Royal Bank Of Canada reduced their price objective on Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. upped their target price on Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $56.91.

Brookfield Price Performance

Shares of NYSE:BN opened at $41.36 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.22 and a current ratio of 1.34. Brookfield Corporation has a 52 week low of $37.93 and a 52 week high of $49.56. The firm has a market cap of $101.41 billion, a PE ratio of 75.20 and a beta of 1.54. The firm’s fifty day moving average is $43.01 and its 200-day moving average is $43.64.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, August 13th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.04. Brookfield had a return on equity of 3.93% and a net margin of 1.85%.The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. Sell-side analysts predict that Brookfield Corporation will post 2.93 earnings per share for the current year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be given a $0.07 dividend. The ex-dividend date is Monday, September 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. Brookfield’s payout ratio is 50.91%.

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.