25,054 Brookfield Corporation $BN Shares Sold by Fenimore Asset Management Inc

Fenimore Asset Management Inc lessened its holdings in Brookfield Corporation (NYSE:BN) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,434,689 shares of the company’s stock after selling 25,054 shares during the quarter. Brookfield makes up approximately 2.7% of Fenimore Asset Management Inc’s holdings, making the stock its 14th biggest holding. Fenimore Asset Management Inc owned about 0.14% of Brookfield worth $125,229,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BN. Meadow Creek Wealth Advisors LLC raised its holdings in shares of Brookfield by 2.3% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company’s stock worth $417,000 after acquiring an additional 234 shares during the period. State of Wyoming grew its holdings in shares of Brookfield by 6.0% during the first quarter. State of Wyoming now owns 5,151 shares of the company’s stock worth $208,000 after buying an additional 290 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in Brookfield by 2.6% during the 2nd quarter. Central Pacific Bank Trust Division now owns 11,800 shares of the company’s stock worth $503,000 after acquiring an additional 300 shares during the last quarter. West Family Investments Inc. grew its stake in shares of Brookfield by 4.0% during the 2nd quarter. West Family Investments Inc. now owns 7,890 shares of the company’s stock worth $336,000 after acquiring an additional 304 shares in the last quarter. Finally, Gould Asset Management LLC CA raised its holdings in shares of Brookfield by 3.6% in the first quarter. Gould Asset Management LLC CA now owns 8,834 shares of the company’s stock valued at $358,000 after purchasing an additional 310 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on BN. Scotiabank reissued an “outperform” rating and issued a $54.00 price objective (up from $53.00) on shares of Brookfield in a research report on Friday, August 14th. Scotia raised their target price on shares of Brookfield from $53.00 to $54.00 and gave the company a “sector outperform” rating in a research report on Friday, August 14th. Morgan Stanley set a $59.00 price target on shares of Brookfield and gave the company an “overweight” rating in a research note on Tuesday, July 21st. TD boosted their price target on shares of Brookfield from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, BMO Capital Markets upgraded Brookfield to a “strong-buy” rating in a report on Monday, July 27th. One equities research 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.40.

Brookfield Stock Performance

Shares of BN traded down $0.21 during mid-day trading on Thursday, reaching $36.77. The company’s stock had a trading volume of 6,092,900 shares, compared to its average volume of 5,112,995. Brookfield Corporation has a 1-year low of $35.69 and a 1-year high of $49.56. The stock has a market cap of $90.15 billion, a P/E ratio of 66.85 and a beta of 1.56. The business has a 50-day simple moving average of $40.19 and a two-hundred day simple moving average of $42.53. The company has a current ratio of 1.34, a quick ratio of 1.22 and a debt-to-equity ratio of 1.54.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, August 13th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.66 billion. As a group, equities research analysts anticipate that Brookfield Corporation will post 2.93 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th were given a $0.07 dividend. The ex-dividend date of this dividend was Monday, September 14th. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. Brookfield’s dividend payout ratio is presently 50.91%.

Brookfield Profile

Brookfield Corporation (NYSE: BN) is a global investment and asset management company with interests in real assets and related operating businesses. Through its platforms and affiliates, the company invests in and manages assets across renewable power and energy transition, infrastructure, real estate, private equity, and other alternative investment strategies.

Brookfield’s businesses develop, own, operate, and finance essential assets, including renewable energy facilities, utilities, transportation networks, data infrastructure, commercial and residential real estate, and industrial and business services companies.