Brookfield Corporation $BN Position Raised by Baillie Gifford & Co.

Baillie Gifford & Co. grew its position in shares of Brookfield Corporation (NYSE:BN) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,822,387 shares of the company’s stock after acquiring an additional 57,994 shares during the quarter. Baillie Gifford & Co. owned about 0.19% of Brookfield worth $330,719,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in Brookfield by 7.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,451 shares of the company’s stock valued at $152,000 after purchasing an additional 169 shares during the period. SG Americas Securities LLC boosted its position in shares of Brookfield by 4.1% during the second quarter. SG Americas Securities LLC now owns 4,333 shares of the company’s stock worth $268,000 after buying an additional 172 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of Brookfield by 7.1% during the second quarter. SBI Securities Co. Ltd. now owns 2,957 shares of the company’s stock worth $183,000 after buying an additional 197 shares during the period. Chicago Capital LLC grew its holdings in Brookfield by 0.4% in the 2nd quarter. Chicago Capital LLC now owns 56,563 shares of the company’s stock worth $3,498,000 after buying an additional 200 shares in the last quarter. Finally, Rochester Wealth Strategies LLC increased its position in Brookfield by 3.0% in the 2nd quarter. Rochester Wealth Strategies LLC now owns 7,825 shares of the company’s stock valued at $484,000 after acquiring an additional 225 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BN shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $58.00 price target (up previously from $57.00) on shares of Brookfield in a research report on Monday, December 15th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $49.00 price objective (up previously from $46.00) on shares of Brookfield in a report on Wednesday, December 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research note on Monday, December 29th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Brookfield in a research report on Monday, December 1st. Finally, Zacks Research upgraded shares of Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $53.87.

Brookfield Stock Performance

Shares of BN opened at $47.17 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.31 and a quick ratio of 1.19. The firm’s 50 day moving average is $46.28 and its 200-day moving average is $45.31. Brookfield Corporation has a 12-month low of $29.07 and a 12-month high of $49.56. The stock has a market capitalization of $116.82 billion, a P/E ratio of 131.01 and a beta of 1.58.

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

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. Brookfield’s payout ratio is 66.67%.

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.