Mraz Amerine & Associates Inc. Purchases 13,401 Shares of Brookfield Corporation $BN

Mraz Amerine & Associates Inc. increased its position in shares of Brookfield Corporation (NYSE:BN) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 466,698 shares of the company’s stock after acquiring an additional 13,401 shares during the quarter. Brookfield comprises about 2.8% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 11th largest position. Mraz Amerine & Associates Inc.’s holdings in Brookfield were worth $19,877,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of Brookfield by 147.5% in the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock worth $963,000 after purchasing an additional 11,069 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Brookfield by 13.5% during the first quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after purchasing an additional 295 shares during the period. Sivia Capital Partners LLC increased its stake in Brookfield by 32.3% in the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock valued at $353,000 after purchasing an additional 1,396 shares in the last quarter. AXA S.A. raised its holdings in Brookfield by 42.2% in the second quarter. AXA S.A. now owns 103,531 shares of the company’s stock worth $6,403,000 after purchasing an additional 30,703 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in Brookfield by 29.6% in the second quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock worth $1,577,000 after purchasing an additional 5,821 shares during the period. Institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on BN shares. Morgan Stanley set a $59.00 price objective on Brookfield and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Scotiabank reaffirmed an “outperform” rating and set a $54.00 price target (up from $53.00) on shares of Brookfield in a research report on Friday, August 14th. BMO Capital Markets upgraded Brookfield to a “strong-buy” rating in a report on Monday, July 27th. TD Securities reiterated a “buy” rating and issued a $60.00 price objective on shares of Brookfield in a research report on Tuesday, May 19th. Finally, JPMorgan Chase & Co. increased their target price on Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. 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 company. Based on data from MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and a consensus target price of $57.40.

Brookfield Stock Down 2.5%

Shares of BN stock traded down $1.02 on Tuesday, hitting $39.29. 5,191,553 shares of the stock were exchanged, compared to its average volume of 5,061,004. The company has a current ratio of 1.34, a quick ratio of 1.22 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $96.32 billion, a P/E ratio of 71.43 and a beta of 1.53. Brookfield Corporation has a fifty-two week low of $37.93 and a fifty-two week high of $49.56. The business has a 50-day moving average of $42.67 and a 200 day moving average of $43.33.

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

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be issued a $0.07 dividend. The ex-dividend date is Monday, September 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. Brookfield’s dividend payout ratio (DPR) is 50.91%.

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.