Value Partners Investments Inc. Boosts Stake in Brookfield Corporation $BN

Value Partners Investments Inc. increased its holdings in shares of Brookfield Corporation (NYSE:BN) by 56.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,031 shares of the company’s stock after purchasing an additional 18,418 shares during the quarter. Value Partners Investments Inc.’s holdings in Brookfield were worth $2,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Northside Capital Management LLC boosted its position in shares of Brookfield by 50.0% during the fourth quarter. Northside Capital Management LLC now owns 5,250 shares of the company’s stock valued at $241,000 after buying an additional 1,750 shares during the last quarter. Permanent Capital Management LP raised its position in Brookfield by 50.0% in the 4th quarter. Permanent Capital Management LP now owns 7,377 shares of the company’s stock worth $339,000 after buying an additional 2,458 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Brookfield by 43.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,294 shares of the company’s stock valued at $197,000 after acquiring an additional 1,305 shares during the period. Harbour Capital Advisors LLC lifted its stake in Brookfield by 50.0% during the 4th quarter. Harbour Capital Advisors LLC now owns 5,175 shares of the company’s stock valued at $242,000 after acquiring an additional 1,725 shares during the period. Finally, Hilltop National Bank boosted its holdings in shares of Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after acquiring an additional 241 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Trading Down 2.2%

Brookfield stock opened at $38.25 on Friday. Brookfield Corporation has a 52-week low of $29.07 and a 52-week high of $49.56. The company has a market cap of $93.71 billion, a P/E ratio of 77.54 and a beta of 1.58. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The business has a 50-day simple moving average of $44.71 and a two-hundred day simple moving average of $45.42.

Brookfield (NYSE:BN) last issued 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. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. Analysts predict that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.07 dividend. The ex-dividend date is Tuesday, March 17th. This is a boost from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.7%. Brookfield’s payout ratio is 57.14%.

Wall Street Analysts Forecast Growth

BN has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Morgan Stanley restated an “overweight” rating and issued a $60.00 target price on shares of Brookfield in a report on Tuesday, February 17th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Brookfield in a research report on Monday, December 1st. Finally, Scotiabank reiterated an “outperform” rating and set a $52.00 target price (up from $49.00) on shares of Brookfield in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and an average 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.