Apollon Wealth Management LLC Purchases 16,503 Shares of Brookfield Corporation $BN

Apollon Wealth Management LLC increased its position in Brookfield Corporation (NYSE:BN) by 47.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,156 shares of the company’s stock after acquiring an additional 16,503 shares during the period. Apollon Wealth Management LLC’s holdings in Brookfield were worth $2,348,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Chemistry Wealth Management LLC lifted its position in Brookfield by 51.6% during the fourth quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company’s stock valued at $20,082,000 after purchasing an additional 148,893 shares in the last quarter. PCJ Investment Counsel Ltd. lifted its position in Brookfield by 110.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company’s stock valued at $15,966,000 after purchasing an additional 122,040 shares in the last quarter. Triasima Portfolio Management inc. lifted its position in Brookfield by 9.0% during the third quarter. Triasima Portfolio Management inc. now owns 288,866 shares of the company’s stock valued at $19,825,000 after purchasing an additional 23,923 shares in the last quarter. Florida Trust Wealth Management Co lifted its position in Brookfield by 49.0% during the fourth quarter. Florida Trust Wealth Management Co now owns 1,176,417 shares of the company’s stock valued at $53,986,000 after purchasing an additional 387,068 shares in the last quarter. Finally, Citigroup Inc. lifted its position in Brookfield by 49.5% during the third quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock valued at $45,817,000 after purchasing an additional 221,078 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

NYSE:BN opened at $42.17 on Monday. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $103.34 billion, a P/E ratio of 85.47 and a beta of 1.56. Brookfield Corporation has a 12 month low of $31.22 and a 12 month high of $49.56. The business’s 50-day moving average is $42.78 and its 200 day moving average is $44.85.

Brookfield (NYSE:BN) last posted 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. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. Brookfield had a return on equity of 3.90% and a net margin of 1.74%. On average, equities research analysts forecast that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Zacks Research upgraded Brookfield from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Royal Bank Of Canada lifted their target price on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. BMO Capital Markets boosted their price objective on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Morgan Stanley restated an “overweight” rating and issued a $60.00 price objective on shares of Brookfield in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and a consensus target price 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.