Capital World Investors Has $4.69 Billion Stock Holdings in Brookfield Corporation $BN

Capital World Investors raised its position in shares of Brookfield Corporation (NYSE:BN) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,313,662 shares of the company’s stock after purchasing an additional 1,624,085 shares during the period. Capital World Investors owned 2.76% of Brookfield worth $4,685,103,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Triasima Portfolio Management inc. lifted its position in shares of Brookfield by 9.0% during the third quarter. Triasima Portfolio Management inc. now owns 288,866 shares of the company’s stock worth $19,825,000 after purchasing an additional 23,923 shares in the last quarter. Citigroup Inc. boosted its position in shares of Brookfield by 49.5% in the 3rd quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock worth $45,817,000 after purchasing an additional 221,078 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Brookfield by 1.6% during the third quarter. Principal Financial Group Inc. now owns 50,849,914 shares of the company’s stock worth $3,487,338,000 after buying an additional 799,440 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in Brookfield by 777.8% during the third quarter. Citizens Financial Group Inc. RI now owns 45,777 shares of the company’s stock valued at $3,139,000 after purchasing an additional 40,562 shares during the period. Finally, Eldred Rock Partners LLC grew its holdings in shares of Brookfield by 12.0% in the 3rd quarter. Eldred Rock Partners LLC now owns 317,056 shares of the company’s stock valued at $21,744,000 after buying an additional 34,008 shares during the period. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Morgan Stanley reiterated an “overweight” rating and set a $60.00 price objective on shares of Brookfield in a research note on Tuesday, February 17th. National Bank Financial raised their target price on shares of Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $52.00 price target (up from $50.67) on shares of Brookfield in a research note on Friday, November 14th. Finally, TD Securities lifted their price objective on shares of Brookfield from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.59.

Brookfield Trading Down 0.3%

Shares of NYSE BN opened at $41.07 on Tuesday. Brookfield Corporation has a 52-week low of $29.07 and a 52-week high of $49.56. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.21 and a current ratio of 1.32. The stock has a market cap of $100.62 billion, a P/E ratio of 83.26 and a beta of 1.58. The firm has a 50 day moving average price of $46.11 and a two-hundred day moving average price of $45.71.

Brookfield (NYSE:BN) last issued its quarterly 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. Brookfield had a net margin of 1.74% and a return on equity of 3.87%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. As a group, equities analysts forecast that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is an increase from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. Brookfield’s payout ratio is 48.98%.

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.