Brookfield Corporation (NYSE:BN) Stock Holdings Raised by Gold Investment Management Ltd.

Gold Investment Management Ltd. grew its position in shares of Brookfield Corporation (NYSE:BN) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,456 shares of the company’s stock after purchasing an additional 6,643 shares during the period. Brookfield comprises about 2.2% of Gold Investment Management Ltd.’s holdings, making the stock its 8th largest holding. Gold Investment Management Ltd.’s holdings in Brookfield were worth $5,154,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BN. CoreCap Advisors LLC purchased a new stake in shares of Brookfield in the 4th quarter valued at $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Brookfield in the first quarter worth $26,000. ST Germain D J Co. Inc. purchased a new stake in Brookfield during the first quarter valued at about $28,000. Golden State Wealth Management LLC grew its stake in shares of Brookfield by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 592 shares of the company’s stock valued at $31,000 after buying an additional 296 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in shares of Brookfield by 164.0% in the fourth quarter. Sunbelt Securities Inc. now owns 726 shares of the company’s stock worth $42,000 after buying an additional 451 shares during the period. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Price Performance

Shares of Brookfield stock opened at $61.62 on Friday. The business has a 50 day moving average of $57.26 and a 200 day moving average of $56.19. Brookfield Corporation has a 52 week low of $40.82 and a 52 week high of $62.78. The company has a market cap of $101.54 billion, a PE ratio of 220.05 and a beta of 1.66. The company has a quick ratio of 1.18, a current ratio of 1.30 and a debt-to-equity ratio of 1.49.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.08. Brookfield had a net margin of 0.76% and a return on equity of 4.20%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. As a group, equities research analysts forecast that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, June 13th. Brookfield’s payout ratio is currently 128.57%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BN. Royal Bank Of Canada began coverage on Brookfield in a report on Wednesday, June 18th. They set an “outperform” rating and a $81.00 target price for the company. Scotiabank dropped their price objective on Brookfield from $71.00 to $68.00 and set a “sector outperform” rating for the company in a research note on Monday, April 7th. TD Securities decreased their target price on shares of Brookfield from $77.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. dropped their price target on shares of Brookfield from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Brookfield in a report on Monday, May 19th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.13.

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.