Brookfield Corporation $BN Shares Bought by Hosking Partners LLP

Hosking Partners LLP raised its holdings in Brookfield Corporation (NYSE:BN) by 33.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,808 shares of the company’s stock after purchasing an additional 27,867 shares during the period. Hosking Partners LLP’s holdings in Brookfield were worth $5,131,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Brookfield in the fourth quarter valued at about $27,000. Hilltop National Bank grew its position in shares of Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares during the period. New England Capital Financial Advisors LLC grew its position in shares of Brookfield by 50.2% in the fourth 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 during the period. ST Germain D J Co. Inc. grew its position in shares of Brookfield by 49.9% in the fourth 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 during the period. Finally, First Horizon Corp acquired a new stake in shares of Brookfield in the third quarter valued at about $40,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Scotiabank lowered their price target on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating on the stock in a research note on Wednesday, March 25th. National Bank Financial lifted their price target on Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Royal Bank Of Canada lifted their price target on Brookfield from $60.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.65.

Brookfield Stock Performance

NYSE:BN opened at $47.05 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.21. The firm has a market capitalization of $115.31 billion, a price-to-earnings ratio of 95.37 and a beta of 1.55. The company’s 50-day moving average is $42.53 and its two-hundred day moving average is $44.90. Brookfield Corporation has a 1-year low of $37.54 and a 1-year high of $49.56.

Brookfield (NYSE:BN) last posted 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. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. Analysts forecast that Brookfield Corporation will post 2.95 EPS for the current year.

Brookfield Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a $0.07 dividend. This is an increase from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, March 17th. This represents a $0.28 annualized dividend and a yield of 0.6%. Brookfield’s payout ratio is presently 57.14%.

Brookfield 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.