Brookfield Corporation $BN Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of Brookfield Corporation (NYSE:BN) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,559,807 shares of the company’s stock after purchasing an additional 897,916 shares during the quarter. Vanguard Group Inc. owned about 2.45% of Brookfield worth $4,155,251,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BN. Triasima Portfolio Management inc. raised its holdings in Brookfield by 9.0% in the third quarter. Triasima Portfolio Management inc. now owns 288,866 shares of the company’s stock valued at $19,825,000 after buying an additional 23,923 shares during the period. Principal Financial Group Inc. increased its position in shares of Brookfield by 1.6% in the third quarter. Principal Financial Group Inc. now owns 50,849,914 shares of the company’s stock worth $3,487,338,000 after acquiring an additional 799,440 shares in the last quarter. Citizens Financial Group Inc. RI raised its stake in shares of Brookfield by 777.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 45,777 shares of the company’s stock valued at $3,139,000 after acquiring an additional 40,562 shares during the period. Eldred Rock Partners LLC raised its stake 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 acquiring an additional 34,008 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its holdings in shares of Brookfield by 48.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 429,805 shares of the company’s stock valued at $29,476,000 after acquiring an additional 140,383 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of BN opened at $47.75 on Wednesday. The firm has a market cap of $118.27 billion, a price-to-earnings ratio of 96.79 and a beta of 1.57. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.48. The business’s 50 day moving average is $46.61 and its two-hundred day moving average is $45.65. Brookfield Corporation has a 52-week low of $29.07 and a 52-week high of $49.56.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Brookfield had a return on equity of 3.87% and a net margin of 1.74%. Analysts forecast that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Brookfield’s previous quarterly dividend of $0.06. Brookfield’s dividend payout ratio (DPR) is presently 48.98%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BN shares. 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. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $52.00 target price (up previously from $50.67) on shares of Brookfield in a research note on Friday, November 14th. National Bank Financial boosted their price target on Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Wall Street Zen upgraded Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research note on Monday, December 29th. 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. Based on data from MarketBeat.com, Brookfield has an average rating of “Moderate Buy” and a consensus target price of $54.59.

Brookfield Company 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.