Brookfield Corporation $BN Shares Bought by Capital Advisors Inc. OK

Capital Advisors Inc. OK grew its holdings in Brookfield Corporation (NYSE:BN) by 53.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,294,410 shares of the company’s stock after buying an additional 453,454 shares during the period. Capital Advisors Inc. OK’s holdings in Brookfield were worth $59,400,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Twin Peaks Wealth Advisors LLC acquired a new position in Brookfield in the 2nd quarter valued at about $32,000. First Horizon Corp acquired a new stake in Brookfield during the 3rd quarter worth approximately $40,000. Exchange Traded Concepts LLC purchased a new position in shares of Brookfield in the 4th quarter valued at approximately $27,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of Brookfield by 109.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 632 shares of the company’s stock valued at $39,000 after purchasing an additional 330 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Brookfield by 507.5% in the third quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock valued at $45,000 after purchasing an additional 543 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on BN shares. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research note on Friday. Royal Bank Of Canada boosted 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. National Bank Financial upped their price objective on shares of Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Morgan Stanley restated an “overweight” rating and issued a $60.00 target price on shares of Brookfield in a research note 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Brookfield has an average rating of “Moderate Buy” and an average price target of $54.20.

Brookfield Price Performance

BN stock opened at $40.45 on Wednesday. The firm has a 50 day moving average of $43.64 and a 200-day moving average of $45.17. The company has a market cap of $99.08 billion, a price-to-earnings ratio of 81.99 and a beta of 1.58. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.51. 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, topping analysts’ consensus estimates of $0.61 by $0.06. Brookfield had a return on equity of 3.90% and a net margin of 1.74%.The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. As a group, equities analysts expect that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.7%. This is a positive change from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, March 17th. Brookfield’s dividend payout ratio is currently 57.14%.

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.