Gold Investment Management Ltd. Purchases 50,529 Shares of Brookfield Corporation $BN

Gold Investment Management Ltd. raised its position in Brookfield Corporation (NYSE:BN) by 50.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 150,401 shares of the company’s stock after purchasing an additional 50,529 shares during the quarter. Brookfield comprises 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.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Chemistry Wealth Management LLC lifted its holdings in shares of Brookfield by 51.6% in the 4th quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company’s stock worth $20,082,000 after acquiring an additional 148,893 shares during the last quarter. Triasima Portfolio Management inc. lifted its holdings in shares of Brookfield by 9.0% in the 3rd quarter. Triasima Portfolio Management inc. now owns 288,866 shares of the company’s stock worth $19,825,000 after acquiring an additional 23,923 shares during the last quarter. PCJ Investment Counsel Ltd. lifted its holdings in shares of Brookfield by 110.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company’s stock worth $15,966,000 after acquiring an additional 122,040 shares during the last quarter. Florida Trust Wealth Management Co lifted its holdings in shares of Brookfield by 49.0% in the 4th quarter. Florida Trust Wealth Management Co now owns 1,176,417 shares of the company’s stock worth $53,986,000 after acquiring an additional 387,068 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of Brookfield by 49.5% in the 3rd quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock worth $45,817,000 after acquiring an additional 221,078 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Trading Down 1.7%

Shares of NYSE:BN opened at $45.40 on Friday. Brookfield Corporation has a 52 week low of $34.14 and a 52 week high of $49.56. The company’s 50 day moving average is $42.73 and its two-hundred day moving average is $44.87. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.51. The company has a market cap of $111.27 billion, a PE ratio of 92.03 and a beta of 1.56.

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

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Brookfield’s previous quarterly dividend of $0.06. Brookfield’s payout ratio is currently 57.14%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. National Bank Financial upped their price objective on shares of Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Zacks Research upgraded shares of Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Finally, BMO Capital Markets upped their target price on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.