Orion Porfolio Solutions LLC Buys 22,803 Shares of Brookfield Corporation $BN

Orion Porfolio Solutions LLC increased its position in Brookfield Corporation (NYSE:BN) by 110.8% during the second quarter, HoldingsChannel.com reports. The firm owned 43,392 shares of the company’s stock after acquiring an additional 22,803 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Brookfield were worth $2,684,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Hilltop National Bank purchased a new position in Brookfield in the second quarter worth about $30,000. Twin Peaks Wealth Advisors LLC purchased a new position in Brookfield in the 2nd quarter worth approximately $32,000. Ameritas Advisory Services LLC bought a new position in Brookfield in the 2nd quarter valued at approximately $33,000. Cary Street Partners Investment Advisory LLC lifted its position in Brookfield by 109.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 632 shares of the company’s stock valued at $39,000 after acquiring an additional 330 shares in the last quarter. Finally, Financial Gravity Companies Inc. purchased a new stake in Brookfield during the 2nd quarter valued at $51,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Price Performance

Shares of NYSE:BN opened at $44.77 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $110.85 billion, a PE ratio of 124.36 and a beta of 1.57. The firm’s 50 day moving average price is $45.53 and its 200-day moving average price is $44.07. Brookfield Corporation has a twelve month low of $29.07 and a twelve month high of $49.47.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, November 13th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Brookfield had a net margin of 1.34% and a return on equity of 3.92%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Equities research analysts expect that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, December 16th. Brookfield’s dividend payout ratio (DPR) is currently 66.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BN shares. The Goldman Sachs Group assumed coverage on Brookfield in a report on Tuesday, September 2nd. They set a “buy” rating and a $52.00 price target on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $58.00 target price (up previously from $57.00) on shares of Brookfield in a research note on Monday. JPMorgan Chase & Co. lifted their price target on shares of Brookfield from $48.67 to $55.33 and gave the stock an “overweight” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Monday. Finally, BMO Capital Markets restated an “outperform” rating and issued a $49.00 target price (up previously from $46.00) on shares of Brookfield in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.87.

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.