Brookfield Corporation $BN Holdings Cut by Marathon Asset Management Ltd

Marathon Asset Management Ltd decreased its holdings in Brookfield Corporation (NYSE:BN) by 5.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,390,733 shares of the company’s stock after selling 83,126 shares during the period. Brookfield comprises approximately 3.5% of Marathon Asset Management Ltd’s investment portfolio, making the stock its 5th biggest holding. Marathon Asset Management Ltd owned about 0.06% of Brookfield worth $95,444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Creative Planning grew its stake in Brookfield by 10.1% in the second quarter. Creative Planning now owns 487,077 shares of the company’s stock valued at $30,126,000 after purchasing an additional 44,822 shares during the last quarter. AGF Management Ltd. boosted its holdings in shares of Brookfield by 7.2% in the 2nd quarter. AGF Management Ltd. now owns 2,438,241 shares of the company’s stock valued at $151,399,000 after buying an additional 164,124 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. grew its position in shares of Brookfield by 2.7% in the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,592,795 shares of the company’s stock worth $98,643,000 after buying an additional 42,520 shares during the last quarter. Lone Pine Capital LLC bought a new position in shares of Brookfield during the 2nd quarter worth approximately $347,683,000. Finally, C WorldWide Group Holding A S raised its stake in shares of Brookfield by 96.3% during the 2nd quarter. C WorldWide Group Holding A S now owns 45,515 shares of the company’s stock worth $2,815,000 after acquiring an additional 22,331 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BN shares. Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group began coverage on Brookfield in a report on Tuesday, September 2nd. They set a “buy” rating and a $52.00 price objective for the company. Zacks Research downgraded Brookfield from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $58.00 target price (up from $57.00) on shares of Brookfield in a research report on Monday, December 15th. Finally, Morgan Stanley set a $54.00 price target on Brookfield and gave the stock an “overweight” rating in a report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.87.

Brookfield Stock Up 0.4%

Shares of BN stock opened at $46.79 on Monday. Brookfield Corporation has a fifty-two week low of $29.07 and a fifty-two week high of $49.47. The firm has a market capitalization of $115.84 billion, a PE ratio of 129.96 and a beta of 1.57. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.19 and a current ratio of 1.31. The stock’s 50-day simple moving average is $45.74 and its 200-day simple moving average is $44.45.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, November 13th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Brookfield had a return on equity of 3.92% and a net margin of 1.34%.The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. Equities analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a $0.06 dividend. 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%.

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.