Brookfield Corporation $BN Shares Acquired by BTC Capital Management Inc.

BTC Capital Management Inc. increased its position in shares of Brookfield Corporation (NYSE:BN) by 41.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,111 shares of the company’s stock after purchasing an additional 40,007 shares during the period. BTC Capital Management Inc.’s holdings in Brookfield were worth $6,252,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BN. Savant Capital LLC increased its position in Brookfield by 6.5% during the 3rd quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock worth $253,000 after purchasing an additional 226 shares during the period. State of Wyoming raised its stake in shares of Brookfield by 7.8% during the 3rd quarter. State of Wyoming now owns 3,301 shares of the company’s stock worth $227,000 after buying an additional 240 shares in the last quarter. Manitou Investment Management Ltd. lifted its holdings in shares of Brookfield by 0.4% in the 3rd quarter. Manitou Investment Management Ltd. now owns 56,337 shares of the company’s stock valued at $3,864,000 after buying an additional 241 shares during the period. Hilltop National Bank lifted its holdings in shares of Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after buying an additional 241 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in shares of Brookfield by 38.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock valued at $60,000 after buying an additional 243 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

BN has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Brookfield in a report on Tuesday, February 17th. Zacks Research upgraded shares of Brookfield from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Royal Bank Of Canada upped their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Scotiabank cut their price target on shares of Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a report on Wednesday, March 25th. Finally, Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.20.

Brookfield Stock Performance

BN opened at $40.45 on Wednesday. Brookfield Corporation has a 1-year low of $29.07 and a 1-year high of $49.56. The stock has a market cap of $99.08 billion, a P/E ratio of 81.99 and a beta of 1.58. The stock’s 50 day simple moving average is $43.64 and its 200 day simple moving average is $45.17. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.21.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Brookfield had a return on equity of 3.90% and a net margin of 1.74%. As a group, equities analysts anticipate that Brookfield Corporation will post 3.85 EPS 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 paid a dividend of $0.07 per share. This is a boost from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. Brookfield’s dividend payout ratio is presently 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.