Brookfield Corporation $BN Position Boosted by MGO One Seven LLC

MGO One Seven LLC grew its holdings in shares of Brookfield Corporation (NYSE:BN) by 44.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,998 shares of the company’s stock after purchasing an additional 19,812 shares during the period. MGO One Seven LLC’s holdings in Brookfield were worth $2,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BN. Exchange Traded Concepts LLC bought a new position in shares of Brookfield during the 4th quarter valued at about $27,000. Hilltop National Bank boosted its position in shares of Brookfield by 49.9% during the 4th 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 boosted its position in shares of Brookfield by 50.2% during the 4th 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. boosted its position in shares of Brookfield by 49.9% during the 4th 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 bought a new position in shares of Brookfield during the 3rd quarter valued at about $40,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

BN stock opened at $47.05 on Monday. 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 one year low of $37.54 and a one year high of $49.56. The firm has a market capitalization of $115.31 billion, a PE ratio of 95.37 and a beta of 1.55. The firm has a 50-day moving average of $42.53 and a two-hundred day moving average of $44.90.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. On average, analysts forecast that Brookfield Corporation will post 2.95 earnings per share for the current year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.07 per share. This is a boost from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 17th. Brookfield’s payout ratio is currently 57.14%.

Analyst Upgrades and Downgrades

BN has been the subject of several research reports. BMO Capital Markets raised their price objective on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Morgan Stanley restated an “overweight” rating and set a $61.00 price objective (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Scotiabank reduced their price objective on shares of Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a research note on Wednesday, March 25th. Finally, Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One investment 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 stock. Based on data from MarketBeat, Brookfield has an average rating of “Moderate Buy” and an average price target of $55.65.

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.