Brookfield Corporation $BN Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its stake in shares of Brookfield Corporation (NYSE:BN) by 3.6% in the third quarter, HoldingsChannel.com reports. The fund owned 14,398,936 shares of the company’s stock after purchasing an additional 495,666 shares during the period. Brookfield makes up about 1.4% of TD Waterhouse Canada Inc.’s investment portfolio, making the stock its 19th biggest position. TD Waterhouse Canada Inc.’s holdings in Brookfield were worth $522,741,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Fortitude Family Office LLC acquired a new position in shares of Brookfield during the 3rd quarter worth about $26,000. Silicon Valley Capital Partners acquired a new stake in Brookfield in the 2nd quarter worth about $32,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Brookfield by 203.5% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,229 shares of the company’s stock worth $50,000 after buying an additional 824 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. purchased a new stake in Brookfield during the 3rd quarter worth approximately $46,000. Finally, First Horizon Corp increased its stake in Brookfield by 71.0% during the 1st quarter. First Horizon Corp now owns 1,553 shares of the company’s stock worth $63,000 after buying an additional 645 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of NYSE BN traded down $0.23 during mid-day trading on Friday, reaching $36.58. The company’s stock had a trading volume of 4,873,630 shares, compared to its average volume of 5,553,397. The stock has a market capitalization of $89.70 billion, a P/E ratio of 66.51 and a beta of 1.56. Brookfield Corporation has a 1-year low of $35.61 and a 1-year high of $49.56. The stock has a 50-day moving average of $39.22 and a two-hundred day moving average of $42.38. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.22 and a current ratio of 1.34.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.66 billion. On average, equities research analysts anticipate that Brookfield Corporation will post 2.93 EPS for the current fiscal year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, September 14th. Brookfield’s dividend payout ratio (DPR) is 50.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Scotia increased their target price on Brookfield from $53.00 to $54.00 and gave the company a “sector outperform” rating in a report on Friday, August 14th. BMO Capital Markets upgraded Brookfield to a “strong-buy” rating in a research report on Monday, July 27th. Morgan Stanley set a $59.00 price target on Brookfield and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Scotiabank reiterated 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research report on Monday, September 21st. One investment 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.40.

Brookfield Profile

Brookfield Corporation (NYSE: BN) is a global investment and asset management company with interests in real assets and related operating businesses. Through its platforms and affiliates, the company invests in and manages assets across renewable power and energy transition, infrastructure, real estate, private equity, and other alternative investment strategies.

Brookfield’s businesses develop, own, operate, and finance essential assets, including renewable energy facilities, utilities, transportation networks, data infrastructure, commercial and residential real estate, and industrial and business services companies.