Partners Group Holding AG Acquires 313,313 Shares of Brookfield Corporation $BN

Partners Group Holding AG increased its holdings in shares of Brookfield Corporation (NYSE:BN) by 47.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 968,546 shares of the company’s stock after purchasing an additional 313,313 shares during the period. Brookfield makes up approximately 3.7% of Partners Group Holding AG’s holdings, making the stock its 5th largest position. Partners Group Holding AG’s holdings in Brookfield were worth $66,423,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BN. AQR Capital Management LLC boosted its position in shares of Brookfield by 147.5% in the first quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock valued at $963,000 after acquiring an additional 11,069 shares during the period. NewEdge Advisors LLC raised its stake in Brookfield by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after purchasing an additional 295 shares during the last quarter. Sivia Capital Partners LLC grew its position in Brookfield by 32.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock worth $353,000 after purchasing an additional 1,396 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of Brookfield during the 2nd quarter worth about $202,000. Finally, Focus Partners Advisor Solutions LLC raised its position in shares of Brookfield by 9.4% during the second quarter. Focus Partners Advisor Solutions LLC now owns 11,287 shares of the company’s stock valued at $698,000 after buying an additional 972 shares during the last quarter. 61.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $52.00 target price (up from $50.67) on shares of Brookfield in a research report on Friday, November 14th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Brookfield in a report on Monday, December 1st. Zacks Research upgraded Brookfield from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Morgan Stanley reaffirmed an “overweight” rating and issued a $60.00 target price on shares of Brookfield in a research report on Tuesday, February 17th. Finally, Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. One 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.59.

Brookfield Price Performance

NYSE:BN opened at $45.56 on Thursday. The firm has a market cap of $111.62 billion, a PE ratio of 92.36 and a beta of 1.57. The company’s 50-day moving average price is $46.61 and its two-hundred day moving average price is $45.71. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.48. Brookfield Corporation has a 12 month low of $29.07 and a 12 month high of $49.56.

Brookfield (NYSE:BN) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Brookfield had a return on equity of 3.87% and a net margin of 1.74%. On average, equities analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. This is an increase from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, March 17th. Brookfield’s payout ratio is currently 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.