Intact Investment Management Inc. Has $13.73 Million Holdings in Brookfield Corporation $BN

Intact Investment Management Inc. decreased its stake in shares of Brookfield Corporation (NYSE:BN) by 40.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 200,100 shares of the company’s stock after selling 137,530 shares during the quarter. Intact Investment Management Inc.’s holdings in Brookfield were worth $13,731,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BN. Hilltop National Bank acquired a new stake in Brookfield during the second quarter worth about $30,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Brookfield in the 2nd quarter worth approximately $32,000. Ameritas Advisory Services LLC acquired a new stake in shares of Brookfield during the 2nd quarter worth approximately $33,000. First Horizon Corp acquired a new stake in shares of Brookfield during the 3rd quarter worth approximately $40,000. Finally, Cary Street Partners Investment Advisory LLC increased its position in shares of 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 during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wall Street Zen cut Brookfield from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. BMO Capital Markets restated an “outperform” rating and issued a $49.00 price objective (up previously from $46.00) on shares of Brookfield in a research note on Wednesday, December 17th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Brookfield in a research report on Monday, December 1st. Zacks Research upgraded shares of Brookfield from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Finally, TD Securities increased their target price on Brookfield from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Brookfield has an average rating of “Buy” and a consensus price target of $53.87.

Brookfield Price Performance

Shares of Brookfield stock opened at $47.17 on Monday. Brookfield Corporation has a 1-year low of $29.07 and a 1-year high of $49.56. The firm’s 50-day moving average price is $46.28 and its two-hundred day moving average price is $45.36. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $116.82 billion, a price-to-earnings ratio of 131.01 and a beta of 1.58.

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

Brookfield Announces Dividend

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

Brookfield Company 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.