Brookfield Corporation $BN Stock Acquired by QV Investors Inc.

QV Investors Inc. boosted its stake in Brookfield Corporation (NYSE:BN) by 32.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 861,190 shares of the company’s stock after purchasing an additional 211,741 shares during the quarter. Brookfield makes up 2.3% of QV Investors Inc.’s investment portfolio, making the stock its 19th largest position. QV Investors Inc.’s holdings in Brookfield were worth $31,494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Louisbourg Investments Inc. boosted its position in shares of Brookfield by 15.3% in the third quarter. Louisbourg Investments Inc. now owns 310,924 shares of the company’s stock valued at $11,378,000 after acquiring an additional 41,356 shares during the period. Net Worth Advisory Group grew its stake in Brookfield by 16.7% during the third quarter. Net Worth Advisory Group now owns 8,309 shares of the company’s stock valued at $304,000 after acquiring an additional 1,188 shares in the last quarter. Midway Capital Research & Management increased its holdings in Brookfield by 0.9% during the 3rd quarter. Midway Capital Research & Management now owns 119,133 shares of the company’s stock worth $4,344,000 after acquiring an additional 1,069 shares during the period. Value Partners Investments Inc. increased its holdings in Brookfield by 5.3% during the 3rd quarter. Value Partners Investments Inc. now owns 59,536 shares of the company’s stock worth $2,179,000 after acquiring an additional 2,982 shares during the period. Finally, Gold Investment Management Ltd. increased its holdings in Brookfield by 2.9% during the 3rd quarter. Gold Investment Management Ltd. now owns 156,232 shares of the company’s stock worth $5,700,000 after acquiring an additional 4,475 shares during the period. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of NYSE BN opened at $37.33 on Wednesday. The stock has a market cap of $91.52 billion, a price-to-earnings ratio of 67.86 and a beta of 1.56. 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 Corporation has a 1-year low of $35.61 and a 1-year high of $49.56. The stock’s 50-day moving average is $38.92 and its 200 day moving average is $42.36.

Brookfield (NYSE:BN) last issued 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. On average, sell-side analysts anticipate that Brookfield Corporation will post 2.88 EPS for the current fiscal year.

Brookfield Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Monday, September 21st. Morgan Stanley set a $59.00 price objective on Brookfield and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. TD increased their price objective on Brookfield from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. BMO Capital Markets raised Brookfield to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Scotia boosted their target price on Brookfield from $53.00 to $54.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and an average target price of $57.40.

Brookfield Company Profile

Brookfield Corporation (NYSE: BN) is a global investment and asset management company headquartered in Toronto, Canada. Through its businesses and investments, the company owns and operates assets across real estate, renewable power and energy transition, infrastructure, private equity and related sectors.

Brookfield’s portfolio includes office, retail, residential and logistics properties; renewable power generation and energy-transition projects; transportation, utility and data infrastructure; and operating companies in industries such as business services, industrials and technology.