Marathon Asset Management Ltd Boosts Position in Brookfield Corporation $BN

Marathon Asset Management Ltd grew its holdings in shares of Brookfield Corporation (NYSE:BN) by 41.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,962,979 shares of the company’s stock after buying an additional 572,246 shares during the period. Brookfield makes up 3.5% of Marathon Asset Management Ltd’s investment portfolio, making the stock its 6th largest holding. Marathon Asset Management Ltd owned about 0.08% of Brookfield worth $90,249,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of BN. Exchange Traded Concepts LLC bought a new position in shares of Brookfield in the 4th quarter worth $27,000. Versant Capital Management Inc lifted its stake in Brookfield by 507.5% during the 3rd quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock valued at $45,000 after acquiring an additional 543 shares in the last quarter. Hilltop National Bank lifted its stake in 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 acquiring an additional 241 shares in the last quarter. New England Capital Financial Advisors LLC increased 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 during the last quarter. Finally, Entrust Financial LLC purchased a new stake in shares of Brookfield during the 4th quarter valued at $35,000. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Performance

Shares of BN opened at $44.30 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The business has a 50-day simple moving average of $42.89 and a two-hundred day simple moving average of $44.90. The stock has a market cap of $108.56 billion, a price-to-earnings ratio of 86.85 and a beta of 1.55. Brookfield Corporation has a 52 week low of $37.54 and a 52 week high of $49.56.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.07 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. Brookfield’s dividend payout ratio is presently 54.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. TD Securities restated a “buy” rating and issued a $60.00 target price on shares of Brookfield in a research note on Tuesday. Morgan Stanley reiterated an “overweight” rating and set a $61.00 price target (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Finally, Royal Bank Of Canada dropped their target price on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $56.82.

Brookfield Company 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.