Brookfield Corporation $BN Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in Brookfield Corporation (NYSE:BN) by 22.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,572,428 shares of the company’s stock after acquiring an additional 1,186,839 shares during the quarter. JPMorgan Chase & Co.’s holdings in Brookfield were worth $450,737,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in Brookfield by 147.5% in the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock valued at $963,000 after purchasing an additional 11,069 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Brookfield by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock worth $130,000 after purchasing an additional 295 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Brookfield by 32.3% during the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock worth $353,000 after buying an additional 1,396 shares in the last quarter. Savant Capital LLC purchased a new stake in shares of Brookfield during the second quarter worth $214,000. Finally, SG Americas Securities LLC raised its position in shares of Brookfield by 4.1% in the second quarter. SG Americas Securities LLC now owns 4,333 shares of the company’s stock valued at $268,000 after buying an additional 172 shares during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a report on Monday, December 29th. Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Morgan Stanley reissued an “overweight” rating and set a $60.00 price objective on shares of Brookfield in a research note on Tuesday, February 17th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Brookfield in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.59.

Brookfield Stock Up 1.4%

NYSE:BN opened at $39.70 on Wednesday. The stock’s fifty day moving average is $45.22 and its two-hundred day moving average is $45.54. Brookfield Corporation has a 52 week low of $29.07 and a 52 week high of $49.56. The stock has a market capitalization of $97.25 billion, a price-to-earnings ratio of 80.47 and a beta of 1.58. 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 (NYSE:BN) last released 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. The company 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%. Research analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. This is a boost from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, March 17th. Brookfield’s dividend payout ratio (DPR) is 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.