Brookfield Corporation $BN Stock Holdings Increased by Choreo LLC

Choreo LLC lifted its stake in Brookfield Corporation (NYSE:BN) by 96.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,158 shares of the company’s stock after purchasing an additional 14,835 shares during the quarter. Choreo LLC’s holdings in Brookfield were worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in BN. Lone Pine Capital LLC lifted its position in shares of Brookfield by 81.1% in the third quarter. Lone Pine Capital LLC now owns 10,181,348 shares of the company’s stock worth $698,237,000 after purchasing an additional 4,559,963 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Brookfield during the third quarter worth $171,104,000. James Hambro & Partners LLP purchased a new stake in shares of Brookfield during the fourth quarter worth $91,118,000. Wellington Management Group LLP raised its holdings in shares of Brookfield by 142.2% during the third quarter. Wellington Management Group LLP now owns 2,891,925 shares of the company’s stock worth $198,412,000 after acquiring an additional 1,698,019 shares in the last quarter. Finally, Capital World Investors raised its holdings in shares of Brookfield by 2.4% during the third quarter. Capital World Investors now owns 68,313,662 shares of the company’s stock worth $4,685,103,000 after acquiring an additional 1,624,085 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on BN shares. Scotiabank cut their price objective on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a report on Wednesday, March 25th. Zacks Research upgraded Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Royal Bank Of Canada raised their price objective on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. National Bank Financial raised their price objective 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. Finally, BMO Capital Markets raised their price objective on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. One investment 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. Based on data from MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and a consensus price target of $54.20.

Brookfield Price Performance

NYSE BN opened at $46.53 on Thursday. Brookfield Corporation has a fifty-two week low of $31.62 and a fifty-two week high of $49.56. The stock’s 50-day moving average is $42.75 and its two-hundred day moving average is $44.85. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.21. The firm has a market cap of $114.03 billion, a P/E ratio of 94.32 and a beta of 1.56.

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

Brookfield Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were given a $0.07 dividend. This is a positive change from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 17th. Brookfield’s payout ratio is 57.14%.

Brookfield 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.