Aviso Financial Inc. Increases Stock Holdings in Brookfield Corporation $BN

Aviso Financial Inc. boosted its stake in shares of Brookfield Corporation (NYSE:BN) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,387,983 shares of the company’s stock after purchasing an additional 26,743 shares during the quarter. Brookfield accounts for approximately 3.9% of Aviso Financial Inc.’s holdings, making the stock its 6th biggest position. Aviso Financial Inc. owned 0.08% of Brookfield worth $85,888,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Brookfield by 7.4% during the second quarter. GAMMA Investing LLC now owns 2,451 shares of the company’s stock valued at $152,000 after acquiring an additional 169 shares during the period. SG Americas Securities LLC increased its holdings in Brookfield by 4.1% in the 2nd quarter. SG Americas Securities LLC now owns 4,333 shares of the company’s stock valued at $268,000 after buying an additional 172 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of Brookfield by 7.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,957 shares of the company’s stock valued at $183,000 after buying an additional 197 shares in the last quarter. Chicago Capital LLC raised its stake in shares of Brookfield by 0.4% in the 2nd quarter. Chicago Capital LLC now owns 56,563 shares of the company’s stock valued at $3,498,000 after buying an additional 200 shares in the last quarter. Finally, Rochester Wealth Strategies LLC lifted its holdings in shares of Brookfield by 3.0% during the 2nd quarter. Rochester Wealth Strategies LLC now owns 7,825 shares of the company’s stock worth $484,000 after acquiring an additional 225 shares during the period. Institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BN shares. National Bank Financial started coverage on Brookfield in a report on Tuesday, July 29th. They set an “outperform” rating and a $54.67 price objective on the stock. TD Securities boosted their price target on Brookfield from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Royal Bank Of Canada lifted their price objective on Brookfield from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Zacks Research lowered shares of Brookfield from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, Cowen reiterated a “buy” rating on shares of Brookfield in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $53.47.

Brookfield Price Performance

BN opened at $45.08 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.29 and a quick ratio of 1.18. The stock has a market capitalization of $111.57 billion, a P/E ratio of 157.25 and a beta of 1.73. The company’s 50 day simple moving average is $45.52 and its 200-day simple moving average is $43.21. Brookfield Corporation has a one year low of $29.07 and a one year high of $49.47.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Brookfield had a net margin of 1.11% and a return on equity of 3.77%. Sell-side analysts anticipate that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, December 16th. Brookfield’s dividend payout ratio is 66.67%.

About Brookfield

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.