QV Investors Inc. Grows Position in Brookfield Corporation $BN

QV Investors Inc. lifted its holdings in Brookfield Corporation (NYSE:BN) by 39.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 425,837 shares of the company’s stock after buying an additional 120,670 shares during the period. Brookfield makes up 1.6% of QV Investors Inc.’s holdings, making the stock its 19th biggest position. QV Investors Inc.’s holdings in Brookfield were worth $19,578,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC purchased a new stake in Brookfield during the 2nd quarter valued at about $32,000. First Horizon Corp purchased a new position in Brookfield in the 3rd quarter worth approximately $40,000. Exchange Traded Concepts LLC acquired a new position in shares of Brookfield during the 4th quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Brookfield by 109.3% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 632 shares of the company’s stock worth $39,000 after purchasing an additional 330 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Brookfield by 507.5% in the third quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock valued at $45,000 after purchasing an additional 543 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BN has been the subject of several recent research reports. BMO Capital Markets increased their price target on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. Royal Bank Of Canada raised their target price on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. National Bank Financial lifted their price target on Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Scotiabank lowered their price target on shares of Brookfield from $52.00 to $48.50 and set a “sector outperform” rating on the stock in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.20.

Brookfield Stock Up 0.1%

BN stock opened at $40.93 on Friday. The firm has a market cap of $100.30 billion, a PE ratio of 82.96 and a beta of 1.56. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.21 and a current ratio of 1.32. The firm’s 50 day moving average price is $43.29 and its 200-day moving average price is $45.07. Brookfield Corporation has a one year low of $29.07 and a one year high of $49.56.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. Brookfield had a return on equity of 3.90% and a net margin of 1.74%. On average, equities research analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid a $0.07 dividend. 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 currently 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.