Brookfield Corporation $BN Stock Holdings Boosted by Asset Management Advisors LLC

Asset Management Advisors LLC raised its position in Brookfield Corporation (NYSE:BN) by 49.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 341,414 shares of the company’s stock after buying an additional 113,361 shares during the period. Brookfield accounts for 9.5% of Asset Management Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Asset Management Advisors LLC’s holdings in Brookfield were worth $15,667,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BN. Capital World Investors increased its position 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 valued at $4,685,103,000 after acquiring an additional 1,624,085 shares during the last quarter. Vanguard Group Inc. grew its stake in Brookfield by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 60,559,807 shares of the company’s stock valued at $4,155,251,000 after purchasing an additional 897,916 shares during the period. Principal Financial Group Inc. grew its stake in Brookfield by 1.6% in the 3rd quarter. Principal Financial Group Inc. now owns 50,849,914 shares of the company’s stock valued at $3,487,338,000 after purchasing an additional 799,440 shares during the period. Akre Capital Management LLC increased its position in shares of Brookfield by 0.7% during the 2nd quarter. Akre Capital Management LLC now owns 19,219,290 shares of the company’s stock valued at $1,188,713,000 after purchasing an additional 125,269 shares during the last quarter. Finally, Norges Bank bought a new stake in Brookfield in the second quarter worth about $1,040,160,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

BN has been the topic of a number of research reports. Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research report on Monday, December 29th. National Bank Financial lifted their target price on shares of Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Morgan Stanley reaffirmed an “overweight” rating and issued a $60.00 price objective on shares of Brookfield in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada boosted their target price on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $54.59.

Brookfield Stock Down 0.3%

BN opened at $39.12 on Friday. The firm has a market capitalization of $95.83 billion, a P/E ratio of 79.29 and a beta of 1.58. Brookfield Corporation has a one year low of $29.07 and a one year high of $49.56. The company has a fifty day moving average price of $44.90 and a 200-day moving average price of $45.45. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.32 and a quick ratio of 1.21.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. Brookfield had a return on equity of 3.87% and a net margin of 1.74%. Equities research analysts expect 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 will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.07 per share. This is an increase from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, March 17th. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. Brookfield’s dividend payout ratio is 57.14%.

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.