Brookfield Corporation $BN Shares Bought by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. raised its stake in Brookfield Corporation (NYSE:BN) by 51.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 477,660 shares of the company’s stock after acquiring an additional 163,215 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Brookfield were worth $21,920,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BN. Exchange Traded Concepts LLC acquired a new position in Brookfield in the fourth quarter valued at approximately $27,000. Hilltop National Bank lifted its holdings in 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 acquiring an additional 241 shares during the period. New England Capital Financial Advisors LLC lifted its holdings in 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 acquiring an additional 251 shares during the period. ST Germain D J Co. Inc. lifted its holdings in 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 acquiring an additional 270 shares during the period. Finally, First Horizon Corp acquired a new position in Brookfield in the third quarter valued at approximately $40,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Trading Down 0.9%

Shares of BN stock opened at $45.93 on Wednesday. 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 company has a market cap of $112.56 billion, a price-to-earnings ratio of 93.10 and a beta of 1.55. The stock has a 50 day simple moving average of $42.62 and a 200-day simple moving average of $44.93. Brookfield Corporation has a 1-year low of $37.54 and a 1-year high of $49.56.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Brookfield had a return on equity of 3.90% and a net margin of 1.74%. On average, equities research analysts expect that Brookfield Corporation will post 2.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BN. Scotiabank decreased their price target on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a report on Wednesday, March 25th. JPMorgan Chase & Co. boosted their price target on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday. Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Morgan Stanley reissued an “overweight” rating and issued a $61.00 price target (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.39.

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.