Vise Technologies Inc. Buys Shares of 19,886 Brookfield Corporation $BN

Vise Technologies Inc. bought a new position in shares of Brookfield Corporation (NYSE:BN) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,886 shares of the company’s stock, valued at approximately $1,230,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hilltop National Bank purchased a new position in shares of Brookfield during the 2nd quarter worth $30,000. Ameritas Advisory Services LLC acquired a new stake in shares of Brookfield in the second quarter valued at about $33,000. Salomon & Ludwin LLC acquired a new position in shares of Brookfield during the second quarter worth $62,000. Brooklyn Investment Group purchased a new position in shares of Brookfield in the first quarter valued at $54,000. Finally, Carderock Capital Management Inc. acquired a new stake in Brookfield during the 2nd quarter valued at $68,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BN shares. Zacks Research upgraded Brookfield from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. BMO Capital Markets raised their target price on Brookfield from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. National Bankshares set a $54.67 target price on Brookfield and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Scotiabank upped their target price on Brookfield from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Finally, National Bank Financial assumed coverage on shares of Brookfield in a report on Tuesday, July 29th. They set an “outperform” rating and a $54.67 target price for the company. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $52.63.

Brookfield Price Performance

NYSE BN opened at $44.87 on Thursday. The firm has a market cap of $111.06 billion, a P/E ratio of 157.14 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. Brookfield Corporation has a fifty-two week low of $29.07 and a fifty-two week high of $49.47. The stock’s 50-day moving average is $45.69 and its two-hundred day moving average is $42.75.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Brookfield had a return on equity of 3.77% and a net margin of 1.11%. On average, analysts anticipate that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Profile

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.