Brookfield Corporation $BN Shares Sold by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA decreased its position in Brookfield Corporation (NYSE:BN) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,879,927 shares of the company’s stock after selling 61,165 shares during the period. Brookfield makes up 8.0% of Mcdonald Capital Investors Inc. CA’s holdings, making the stock its 4th biggest holding. Mcdonald Capital Investors Inc. CA owned about 0.08% of Brookfield worth $128,925,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BN. AQR Capital Management LLC raised 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 acquiring an additional 11,069 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Brookfield by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after purchasing an additional 295 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Brookfield by 32.3% during the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock worth $353,000 after purchasing an additional 1,396 shares during the period. Stephens Inc. AR increased its holdings in Brookfield by 10.9% in the second quarter. Stephens Inc. AR now owns 6,876 shares of the company’s stock worth $425,000 after purchasing an additional 677 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new stake in Brookfield in the second quarter worth approximately $202,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

NYSE BN opened at $45.98 on Monday. The company has a fifty day simple moving average of $46.61 and a 200 day simple moving average of $45.69. Brookfield Corporation has a 12-month low of $29.07 and a 12-month high of $49.56. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.48. The company has a market cap of $112.65 billion, a P/E ratio of 93.21 and a beta of 1.57.

Brookfield (NYSE:BN) last released its quarterly earnings data 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. Brookfield had a net margin of 1.74% and a return on equity of 3.87%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. Sell-side analysts predict that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.07 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Brookfield’s previous quarterly dividend of $0.06. Brookfield’s dividend payout ratio (DPR) is currently 48.98%.

Analyst Ratings Changes

A number of research firms have issued reports on BN. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a report on Monday, December 29th. National Bank Financial boosted their target price on shares of Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Morgan Stanley reissued an “overweight” rating and set a $60.00 target price on shares of Brookfield in a research note on Tuesday, February 17th. BMO Capital Markets raised their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $52.00 price target (up from $50.67) on shares of Brookfield in a research note on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.59.

Brookfield 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.