Swiss Life Asset Management Ltd Increases Stock Holdings in Brookfield Corporation $BN

Swiss Life Asset Management Ltd grew its stake in Brookfield Corporation (NYSE:BN) by 68.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 317,701 shares of the company’s stock after purchasing an additional 129,559 shares during the period. Swiss Life Asset Management Ltd’s holdings in Brookfield were worth $14,585,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in Brookfield by 52.1% in the 4th quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock valued at $4,228,915,000 after buying an additional 31,543,313 shares during the last quarter. Capital World Investors increased its stake in Brookfield by 2.4% in the 3rd quarter. Capital World Investors now owns 68,313,662 shares of the company’s stock valued at $4,685,103,000 after buying an additional 1,624,085 shares during the period. Principal Financial Group Inc. raised its position in Brookfield by 27.9% during the 4th quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock worth $2,985,224,000 after buying an additional 14,200,710 shares during the last quarter. Akre Capital Management LLC lifted its stake in shares of Brookfield by 0.7% in the 2nd quarter. Akre Capital Management LLC now owns 19,219,290 shares of the company’s stock worth $1,188,713,000 after acquiring an additional 125,269 shares during the period. Finally, Cibc World Market Inc. lifted its stake in shares of Brookfield by 2.9% in the 3rd quarter. Cibc World Market Inc. now owns 11,277,277 shares of the company’s stock worth $773,396,000 after acquiring an additional 321,998 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BN shares. Royal Bank Of Canada boosted their price target on shares of Brookfield from $60.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. 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 report on Wednesday, March 25th. Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Wall Street Zen upgraded Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. One investment 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. According to data from MarketBeat, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.65.

Brookfield Stock Performance

Shares of BN opened at $46.29 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. Brookfield Corporation has a 52-week low of $37.54 and a 52-week high of $49.56. The company has a 50-day simple moving average of $42.58 and a 200-day simple moving average of $44.92. The company has a market capitalization of $113.45 billion, a PE ratio of 93.83 and a beta of 1.55.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.67 EPS for the quarter, topping 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 firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. Equities research analysts predict that Brookfield Corporation will post 2.95 earnings per share for the current fiscal year.

Brookfield Increases Dividend

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