Brookfield Corporation $BN Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC raised its holdings in Brookfield Corporation (NYSE:BN) by 10.6% in the second quarter, Holdings Channel reports. The fund owned 53,126 shares of the company’s stock after buying an additional 5,101 shares during the period. Metis Global Partners LLC’s holdings in Brookfield were worth $3,288,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Brookfield in the first quarter valued at approximately $339,000. Cerity Partners LLC lifted its position in Brookfield by 17.5% during the first quarter. Cerity Partners LLC now owns 106,147 shares of the company’s stock worth $5,563,000 after buying an additional 15,823 shares in the last quarter. Fidelis Capital Partners LLC boosted its stake in Brookfield by 3.7% during the first quarter. Fidelis Capital Partners LLC now owns 7,364 shares of the company’s stock worth $392,000 after buying an additional 265 shares during the last quarter. IFC Advisors LLC purchased a new stake in Brookfield in the 1st quarter valued at $249,000. Finally, Marks Group Wealth Management Inc grew its holdings in Brookfield by 1.7% in the 1st quarter. Marks Group Wealth Management Inc now owns 15,978 shares of the company’s stock valued at $837,000 after buying an additional 272 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BN has been the topic of several recent research reports. Morgan Stanley set a $54.00 price target on shares of Brookfield and gave the company an “overweight” rating in a research report on Monday, October 13th. The Goldman Sachs Group initiated coverage on shares of Brookfield in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $52.00 price target for the company. TD Securities raised their price target on shares of Brookfield from $49.33 to $54.67 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Brookfield in a report on Wednesday, October 8th. Finally, Zacks Research raised Brookfield from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $52.63.

Brookfield Stock Performance

Shares of Brookfield stock opened at $45.72 on Friday. The stock has a market capitalization of $113.15 billion, a price-to-earnings ratio of 159.48 and a beta of 1.73. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.29 and a quick ratio of 1.18. The business has a 50-day moving average of $45.54 and a 200 day moving average of $42.51. Brookfield Corporation has a 12 month low of $29.07 and a 12 month high of $49.47.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. Brookfield had a net margin of 1.11% and a return on equity of 3.77%. As a group, sell-side analysts forecast that Brookfield Corporation will post 3.85 earnings per share for the current year.

About Brookfield

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.