Headlands Technologies LLC Boosts Stake in Brookfield Corporation $BN

Headlands Technologies LLC lifted its position in Brookfield Corporation (NYSE:BN) by 181.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,785 shares of the company’s stock after purchasing an additional 59,166 shares during the quarter. Headlands Technologies LLC’s holdings in Brookfield were worth $3,909,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BN. MCF Advisors LLC purchased a new stake in Brookfield in the fourth quarter valued at approximately $26,000. Quattro Advisors LLC acquired a new position in Brookfield in the fourth quarter valued at $26,000. Truvestments Capital LLC increased its stake in Brookfield by 49.9% in the fourth quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock valued at $29,000 after purchasing an additional 213 shares during the period. Entrust Financial LLC purchased a new stake in shares of Brookfield in the fourth quarter valued at about $35,000. Finally, Delta Asset Management LLC TN raised its holdings in shares of Brookfield by 49.8% in the fourth quarter. Delta Asset Management LLC TN now owns 935 shares of the company’s stock valued at $43,000 after buying an additional 311 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of NYSE:BN opened at $41.36 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.34 and a debt-to-equity ratio of 1.54. The company has a market cap of $101.41 billion, a P/E ratio of 75.20 and a beta of 1.54. Brookfield Corporation has a 52 week low of $37.93 and a 52 week high of $49.56. The company has a 50-day moving average price of $43.01 and a 200 day moving average price of $43.64.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. Brookfield had a return on equity of 3.93% and a net margin of 1.85%.The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. Research analysts predict that Brookfield Corporation will post 2.93 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 14th. Brookfield’s payout ratio is presently 50.91%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a report on Wednesday, June 24th. JPMorgan Chase & Co. increased their price objective on Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. BMO Capital Markets raised Brookfield to a “strong-buy” rating in a report on Monday, July 27th. Scotia upped their price target on Brookfield from $53.00 to $54.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 14th. Finally, Scotiabank reiterated an “outperform” rating and issued a $54.00 price objective (up from $53.00) on shares of Brookfield in a research report on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $56.91.

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.