Brookfield Corporation $BN is HughesLittle Investment Management Ltd.’s 3rd Largest Position

HughesLittle Investment Management Ltd. boosted its stake in Brookfield Corporation (NYSE:BNFree Report) by 47.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,542,185 shares of the company’s stock after purchasing an additional 494,461 shares during the period. Brookfield comprises approximately 11.7% of HughesLittle Investment Management Ltd.’s portfolio, making the stock its 3rd largest position. HughesLittle Investment Management Ltd.’s holdings in Brookfield were worth $70,909,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Savant Capital LLC raised its stake in shares of Brookfield by 6.5% during the 3rd quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock worth $253,000 after buying an additional 226 shares in the last quarter. State of Wyoming boosted its stake in shares of Brookfield by 7.8% in the third quarter. State of Wyoming now owns 3,301 shares of the company’s stock valued at $227,000 after buying an additional 240 shares in the last quarter. Hilltop National Bank boosted its stake in shares of Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after buying an additional 241 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in Brookfield by 38.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock worth $60,000 after acquiring an additional 243 shares during the period. Finally, New England Capital Financial Advisors LLC raised its position in Brookfield by 50.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after acquiring an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 4.3%

BN opened at $45.48 on Friday. The business’s fifty day moving average is $42.78 and its two-hundred day moving average is $44.94. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.21 and a current ratio of 1.32. The company has a market cap of $111.45 billion, a price-to-earnings ratio of 89.17 and a beta of 1.55. Brookfield Corporation has a one year low of $37.54 and a one year high of $49.56.

Brookfield (NYSE:BNGet Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Brookfield had a return on equity of 3.87% and a net margin of 1.76%. Analysts anticipate that Brookfield Corporation will post 2.94 EPS for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s dividend payout ratio is presently 57.14%.

Analysts Set New Price Targets

BN has been the subject of a number of recent analyst reports. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. Scotiabank reiterated an “outperform” rating and issued a $53.00 price target (up from $48.50) on shares of Brookfield in a report on Friday. National Bank Financial raised their price objective on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday. Finally, BMO Capital Markets boosted their price objective on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.40.

Read Our Latest Stock Report on Brookfield

Brookfield News Summary

Here are the key news stories impacting Brookfield this week:

Brookfield Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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