Brookfield Corporation $BN Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in Brookfield Corporation (NYSE:BN) by 43.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,743 shares of the company’s stock after buying an additional 18,788 shares during the period. Assenagon Asset Management S.A.’s holdings in Brookfield were worth $2,839,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Park Place Capital Corp boosted its stake in Brookfield by 50.9% during the 4th quarter. Park Place Capital Corp now owns 4,700 shares of the company’s stock valued at $216,000 after acquiring an additional 1,585 shares during the last quarter. Diversified Trust Co. increased its position in shares of Brookfield by 60.6% in the 4th quarter. Diversified Trust Co. now owns 4,875 shares of the company’s stock worth $224,000 after purchasing an additional 1,839 shares during the last quarter. Pacifica Partners Inc. increased its position in shares of Brookfield by 49.2% in the 4th quarter. Pacifica Partners Inc. now owns 156,447 shares of the company’s stock worth $7,277,000 after purchasing an additional 51,577 shares during the last quarter. Tactive Advisors LLC raised its stake in shares of Brookfield by 52.9% in the 4th quarter. Tactive Advisors LLC now owns 7,152 shares of the company’s stock valued at $328,000 after purchasing an additional 2,473 shares in the last quarter. Finally, Brave Asset Management Inc. lifted its position in shares of Brookfield by 50.0% during the fourth quarter. Brave Asset Management Inc. now owns 5,400 shares of the company’s stock worth $248,000 after purchasing an additional 1,800 shares during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Price Performance

BN opened at $38.66 on Tuesday. The firm has a market cap of $94.72 billion, a price-to-earnings ratio of 78.37 and a beta of 1.58. Brookfield Corporation has a fifty-two week low of $29.07 and a fifty-two week high of $49.56. The company’s 50-day moving average price is $43.74 and its 200 day moving average price is $45.21. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $1.63 billion during 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%. As a group, sell-side analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.07 dividend. This is a positive change from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. Brookfield’s dividend payout ratio (DPR) is 57.14%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank Of Canada lifted their price target on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research note on Friday. BMO Capital Markets increased their target price on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Scotiabank lowered their price target on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a report on Wednesday, March 25th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Brookfield in a research report on Monday, December 1st. One 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.