Florida Trust Wealth Management Co Increases Stock Position in Brookfield Corporation $BN

Florida Trust Wealth Management Co boosted its holdings in shares of Brookfield Corporation (NYSE:BN) by 49.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,176,417 shares of the company’s stock after buying an additional 387,068 shares during the quarter. Brookfield makes up approximately 1.5% of Florida Trust Wealth Management Co’s investment portfolio, making the stock its 14th biggest holding. Florida Trust Wealth Management Co’s holdings in Brookfield were worth $53,986,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new stake in Brookfield during the 2nd quarter valued at $32,000. First Horizon Corp purchased a new stake in shares of Brookfield during the 3rd quarter worth $40,000. Exchange Traded Concepts LLC purchased a new stake in shares of Brookfield during the 4th quarter worth $27,000. Cary Street Partners Investment Advisory LLC boosted its position in Brookfield by 109.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 632 shares of the company’s stock valued at $39,000 after purchasing an additional 330 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in Brookfield by 507.5% in the third quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock valued at $45,000 after purchasing an additional 543 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Up 0.1%

Shares of BN stock opened at $40.93 on Friday. Brookfield Corporation has a fifty-two week low of $29.07 and a fifty-two week high of $49.56. The firm has a market capitalization of $100.30 billion, a PE ratio of 82.96 and a beta of 1.56. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.21 and a current ratio of 1.32. The stock’s 50-day simple moving average is $43.29 and its 200-day simple moving average is $45.07.

Brookfield (NYSE:BN) last released its earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Brookfield had a return on equity of 3.90% and a net margin of 1.74%.The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Equities analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, March 17th. This is a positive change from Brookfield’s previous quarterly dividend of $0.06. Brookfield’s dividend payout ratio (DPR) is presently 57.14%.

Analyst Ratings Changes

BN has been the subject of a number of recent research reports. National Bank Financial boosted their target price on shares of Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Scotiabank reduced their price objective on shares of Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a research note on Wednesday, March 25th. Zacks Research raised shares of Brookfield from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Royal Bank Of Canada raised their target price on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.20.

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.