L & S Advisors Inc Grows Stake in Brookfield Corporation $BN

L & S Advisors Inc lifted its position in Brookfield Corporation (NYSE:BNFree Report) by 55.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,644 shares of the company’s stock after buying an additional 20,617 shares during the period. L & S Advisors Inc’s holdings in Brookfield were worth $2,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new position in Brookfield during the fourth quarter valued at $27,000. Hilltop National Bank lifted its position in Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares in the last quarter. New England Capital Financial Advisors LLC lifted its position in Brookfield by 50.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 251 shares in the last quarter. ST Germain D J Co. Inc. lifted its position in Brookfield by 49.9% during the fourth quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after purchasing an additional 270 shares in the last quarter. Finally, First Horizon Corp purchased a new position in Brookfield during the third quarter valued at $40,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Trading Down 4.3%

Shares of BN stock opened at $45.48 on Friday. Brookfield Corporation has a 12-month low of $37.54 and a 12-month high of $49.56. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.51. The stock’s 50-day moving average price is $42.78 and its 200-day moving average price is $44.94. The stock has a market capitalization of $111.45 billion, a price-to-earnings ratio of 89.17 and a beta of 1.55.

Brookfield (NYSE:BNGet Free Report) 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. Brookfield had a return on equity of 3.87% and a net margin of 1.76%.The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Equities research analysts predict that Brookfield Corporation will post 2.94 EPS for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s payout ratio is 57.14%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating and set a $61.00 target price (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their target price on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Zacks Research upgraded Brookfield from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. BMO Capital Markets lifted their target price on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, National Bank Financial lifted their target price on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $56.40.

View Our Latest Analysis on BN

Key Brookfield News

Here are the key news stories impacting Brookfield this week:

Brookfield Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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