Brookfield Corporation $BN Shares Acquired by Gold Investment Management Ltd.

Gold Investment Management Ltd. grew its position in Brookfield Corporation (NYSE:BN) by 50.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 150,401 shares of the company’s stock after acquiring an additional 50,529 shares during the period. Brookfield comprises approximately 2.2% of Gold Investment Management Ltd.’s investment portfolio, making the stock its 9th biggest position. Gold Investment Management Ltd.’s holdings in Brookfield were worth $6,906,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC purchased a new stake in shares of Brookfield during the fourth quarter worth about $27,000. Hilltop National Bank increased its stake in shares of Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after purchasing an additional 241 shares in the last quarter. First Horizon Corp purchased a new stake in shares of Brookfield during the third quarter worth about $40,000. Versant Capital Management Inc increased its stake in shares of Brookfield by 507.5% during the third quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock worth $45,000 after purchasing an additional 543 shares in the last quarter. Finally, HHM Wealth Advisors LLC increased its stake in shares of Brookfield by 49.8% during the fourth quarter. HHM Wealth Advisors LLC now owns 983 shares of the company’s stock worth $45,000 after purchasing an additional 327 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

NYSE:BN opened at $45.40 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.21. The firm has a market capitalization of $111.27 billion, a price-to-earnings ratio of 92.03 and a beta of 1.56. The company’s 50-day moving average is $42.73 and its two-hundred day moving average is $44.87. Brookfield Corporation has a 1-year low of $34.14 and a 1-year high of $49.56.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. Analysts forecast that Brookfield Corporation will post 2.95 EPS for the current year.

Brookfield Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, March 17th. This is a positive change from Brookfield’s previous quarterly dividend of $0.06. Brookfield’s dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BN. Zacks Research raised shares of Brookfield from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. Scotiabank dropped their price objective on shares of Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a research note on Wednesday, March 25th. Royal Bank Of Canada upped their price objective on shares of Brookfield from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $61.00 price objective (up from $60.00) on shares of Brookfield in a research note on Tuesday. One 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.65.

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.