K.J. Harrison & Partners Inc Acquires 33,251 Shares of Brookfield Corporation $BN

K.J. Harrison & Partners Inc grew its holdings in shares of Brookfield Corporation (NYSE:BN) by 48.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,182 shares of the company’s stock after acquiring an additional 33,251 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Brookfield were worth $4,698,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BN. AQR Capital Management LLC grew its holdings in shares of Brookfield by 147.5% during the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock valued at $963,000 after purchasing an additional 11,069 shares during the last quarter. NewEdge Advisors LLC boosted its position 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 buying an additional 295 shares during the period. Sivia Capital Partners LLC boosted its position in Brookfield by 32.3% during the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock valued at $353,000 after buying an additional 1,396 shares during the period. AXA S.A. grew its stake in shares of Brookfield by 42.2% during the second quarter. AXA S.A. now owns 103,531 shares of the company’s stock valued at $6,403,000 after buying an additional 30,703 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of 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 buying an additional 5,821 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. National Bank Financial boosted their price objective on Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Scotiabank dropped their price objective on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a research note on Wednesday, March 25th. Finally, Royal Bank Of Canada raised their target price on shares of Brookfield from $60.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.65.

Brookfield Stock Performance

Shares of BN stock opened at $46.61 on Thursday. The company has a market capitalization of $114.24 billion, a price-to-earnings ratio of 94.49 and a beta of 1.55. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.21 and a current ratio of 1.32. Brookfield Corporation has a one year low of $36.47 and a one year high of $49.56. The company’s 50-day moving average is $42.50 and its 200 day moving average is $44.89.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) 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 3.90%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. Sell-side analysts expect that Brookfield Corporation will post 2.95 EPS for the current fiscal year.

Brookfield Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 17th. This is a positive change from Brookfield’s previous quarterly dividend of $0.06. Brookfield’s dividend payout ratio is 57.14%.

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.