Brookfield Corporation $BN Shares Bought by Phraction Management LLC

Phraction Management LLC raised its position in Brookfield Corporation (NYSE:BN) by 50.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 44,909 shares of the company’s stock after acquiring an additional 14,969 shares during the period. Phraction Management LLC’s holdings in Brookfield were worth $2,061,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new stake in shares of Brookfield in the 4th quarter worth $27,000. Hilltop National Bank lifted its stake in shares of Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after acquiring an additional 241 shares during the period. First Horizon Corp acquired a new stake in shares of Brookfield in the 3rd quarter worth $40,000. Versant Capital Management Inc lifted its stake in shares of Brookfield by 507.5% in the 3rd quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock worth $45,000 after acquiring an additional 543 shares during the period. Finally, HHM Wealth Advisors LLC lifted its stake in shares of Brookfield by 49.8% in the 4th quarter. HHM Wealth Advisors LLC now owns 983 shares of the company’s stock worth $45,000 after acquiring an additional 327 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Up 1.4%

Shares of NYSE BN opened at $46.60 on Friday. 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 Corporation has a 52 week low of $31.62 and a 52 week high of $49.56. The firm has a 50-day moving average price of $42.81 and a 200 day moving average price of $44.86. The stock has a market capitalization of $114.20 billion, a price-to-earnings ratio of 94.45 and a beta of 1.56.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Equities research analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a dividend of $0.07 per share. This is an increase from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, March 17th. This represents a $0.28 annualized dividend and a yield of 0.6%. Brookfield’s payout ratio is 57.14%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. BMO Capital Markets raised their price objective on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Scotiabank reduced their price objective on shares of Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a research note on Wednesday, March 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. Finally, Zacks Research upgraded shares of Brookfield from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.20.

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.