Brookfield Corporation $BN is Bank of Nova Scotia Trust Co.’s 9th Largest Position

Bank of Nova Scotia Trust Co. increased its holdings in shares of Brookfield Corporation (NYSE:BN) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 407,762 shares of the company’s stock after acquiring an additional 3,282 shares during the quarter. Brookfield makes up about 2.5% of Bank of Nova Scotia Trust Co.’s holdings, making the stock its 9th largest position. Bank of Nova Scotia Trust Co.’s holdings in Brookfield were worth $25,220,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BN. GAMMA Investing LLC lifted its position in shares of Brookfield by 7.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,451 shares of the company’s stock valued at $152,000 after buying an additional 169 shares during the last quarter. SG Americas Securities LLC grew its position in Brookfield by 4.1% during the second quarter. SG Americas Securities LLC now owns 4,333 shares of the company’s stock worth $268,000 after buying an additional 172 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Brookfield by 7.1% in the second quarter. SBI Securities Co. Ltd. now owns 2,957 shares of the company’s stock worth $183,000 after purchasing an additional 197 shares during the last quarter. Chicago Capital LLC increased its holdings in shares of Brookfield by 0.4% in the 2nd quarter. Chicago Capital LLC now owns 56,563 shares of the company’s stock worth $3,498,000 after buying an additional 200 shares during the last quarter. Finally, Rochester Wealth Strategies LLC raised its position in Brookfield by 3.0% during the second quarter. Rochester Wealth Strategies LLC now owns 7,825 shares of the company’s stock valued at $484,000 after purchasing an additional 225 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Up 1.2%

Shares of BN opened at $46.60 on Friday. The stock has a market capitalization of $115.34 billion, a P/E ratio of 162.58 and a beta of 1.73. Brookfield Corporation has a twelve month low of $29.07 and a twelve month high of $49.47. The company has a quick ratio of 1.18, a current ratio of 1.29 and a debt-to-equity ratio of 1.50. The firm has a fifty day simple moving average of $45.51 and a two-hundred day simple moving average of $43.32.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Brookfield had a net margin of 1.11% and a return on equity of 3.77%. On average, research analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.06 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.24 annualized dividend and a yield of 0.5%. Brookfield’s dividend payout ratio (DPR) is 66.67%.

Analyst Ratings Changes

BN has been the subject of several research reports. CIBC reaffirmed an “outperform” rating and issued a $52.00 target price (up previously from $50.67) on shares of Brookfield in a research note on Friday, November 14th. BMO Capital Markets upped their price objective on shares of Brookfield from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Wall Street Zen lowered shares of Brookfield from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Zacks Research downgraded shares of Brookfield from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Royal Bank Of Canada raised their price objective on Brookfield from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $53.47.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.