20,846 Shares in Brookfield Corporation $BN Acquired by Aspiriant LLC

Aspiriant LLC bought a new position in shares of Brookfield Corporation (NYSE:BN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,846 shares of the company’s stock, valued at approximately $957,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Chemistry Wealth Management LLC lifted its position in shares of Brookfield by 51.6% in the 4th quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company’s stock worth $20,082,000 after purchasing an additional 148,893 shares during the period. PCJ Investment Counsel Ltd. increased its position in shares of Brookfield by 110.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company’s stock worth $15,966,000 after buying an additional 122,040 shares during the period. Triasima Portfolio Management inc. raised its stake in Brookfield by 9.0% during the third quarter. Triasima Portfolio Management inc. now owns 288,866 shares of the company’s stock worth $19,825,000 after buying an additional 23,923 shares during the last quarter. Citigroup Inc. raised its stake in Brookfield by 49.5% during the third quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock worth $45,817,000 after buying an additional 221,078 shares during the last quarter. Finally, Picton Mahoney Asset Management lifted its holdings in Brookfield by 15.3% in the third quarter. Picton Mahoney Asset Management now owns 2,629,023 shares of the company’s stock valued at $180,351,000 after buying an additional 348,824 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BN. National Bank Financial upped their price target on shares of Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Royal Bank Of Canada boosted their price objective on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. Finally, Scotiabank lowered their target price on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.20.

Brookfield Price Performance

Shares of BN opened at $40.93 on Friday. The business’s fifty day moving average is $43.29 and its 200 day moving average is $45.07. Brookfield Corporation has a 12-month low of $29.07 and a 12-month high of $49.56. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a market cap of $100.30 billion, a P/E ratio of 82.96 and a beta of 1.56.

Brookfield (NYSE:BN) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. Sell-side analysts anticipate that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a $0.07 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Brookfield’s previous quarterly dividend of $0.06. Brookfield’s dividend payout ratio (DPR) is currently 57.14%.

About Brookfield

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.