Eubel Brady & Suttman Asset Management Inc. Has $43.22 Million Holdings in Brookfield Corporation $BN

Eubel Brady & Suttman Asset Management Inc. raised its stake in Brookfield Corporation (NYSE:BNFree Report) by 44.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 941,818 shares of the company’s stock after acquiring an additional 291,179 shares during the quarter. Brookfield makes up approximately 4.9% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 3rd largest position. Eubel Brady & Suttman Asset Management Inc.’s holdings in Brookfield were worth $43,220,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. First Horizon Corp bought a new position in Brookfield in the 3rd quarter valued at approximately $40,000. Exchange Traded Concepts LLC bought a new position in Brookfield in the 4th quarter valued at approximately $27,000. Versant Capital Management Inc raised its holdings in Brookfield by 507.5% in the 3rd quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock valued at $45,000 after buying an additional 543 shares during the last quarter. Hilltop National Bank raised its holdings in Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after buying an additional 241 shares during the last quarter. Finally, New England Capital Financial Advisors LLC raised its holdings in Brookfield by 50.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after buying an additional 251 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

More Brookfield News

Here are the key news stories impacting Brookfield this week:

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BN shares. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. JPMorgan Chase & Co. raised their price objective on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. BMO Capital Markets increased their target price on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. National Bank Financial increased their target price on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Zacks Research raised shares of Brookfield from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.40.

Read Our Latest Report on Brookfield

Brookfield Stock Performance

NYSE:BN opened at $45.48 on Friday. The company has a market capitalization of $111.45 billion, a PE ratio of 89.17 and a beta of 1.55. The company has a 50 day simple moving average of $42.78 and a two-hundred day simple moving average of $44.94. 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 fifty-two week low of $37.54 and a fifty-two week high of $49.56.

Brookfield (NYSE:BNGet Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Brookfield had a net margin of 1.76% and a return on equity of 3.87%. Research analysts anticipate that Brookfield Corporation will post 2.94 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.07 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. Brookfield’s payout ratio is currently 57.14%.

Brookfield Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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