Intrust Bank NA Purchases 1,240 Shares of Brookfield Corporation $BN

Intrust Bank NA grew its holdings in Brookfield Corporation (NYSE:BN) by 20.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,455 shares of the company’s stock after acquiring an additional 1,240 shares during the quarter. Intrust Bank NA’s holdings in Brookfield were worth $461,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Hilltop National Bank acquired a new stake in shares of Brookfield in the second quarter valued at approximately $30,000. Ameritas Advisory Services LLC bought a new position in Brookfield during the 2nd quarter worth $33,000. Financial Gravity Companies Inc. acquired a new position in Brookfield in the 2nd quarter valued at $51,000. Salomon & Ludwin LLC acquired a new position in Brookfield in the 2nd quarter valued at $62,000. Finally, Brooklyn Investment Group bought a new stake in shares of Brookfield during the 1st quarter valued at $54,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Trading Up 0.8%

Shares of Brookfield stock opened at $43.35 on Wednesday. The firm’s 50 day moving average is $45.62 and its 200 day moving average is $43.01. The firm has a market capitalization of $107.29 billion, a PE ratio of 151.23 and a beta of 1.73. Brookfield Corporation has a 1 year low of $29.07 and a 1 year high of $49.47. The company has a current ratio of 1.29, a quick ratio of 1.18 and a debt-to-equity ratio of 1.50.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Brookfield had a net margin of 1.11% and a return on equity of 3.77%. Equities research analysts forecast that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.6%. Brookfield’s payout ratio is currently 66.67%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. CIBC reaffirmed an “outperform” rating and issued a $52.00 price target (up previously from $50.67) on shares of Brookfield in a research note on Friday. The Goldman Sachs Group began coverage on shares of Brookfield in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $52.00 target price for the company. TD Securities upped their price target on shares of Brookfield from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Royal Bank Of Canada lifted their price objective on shares of Brookfield from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Finally, Zacks Research downgraded shares of Brookfield from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $53.47.

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.