Brookfield Corporation $BN Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC boosted its stake in Brookfield Corporation (NYSE:BN) by 181.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,785 shares of the company’s stock after buying an additional 59,166 shares during the period. Headlands Technologies LLC’s holdings in Brookfield were worth $3,909,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BN. Partners Value Investments L.P. lifted its stake in Brookfield by 50.0% during the fourth quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock worth $8,324,719,000 after purchasing an additional 60,468,651 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Brookfield by 40.5% in the fourth quarter. Royal Bank of Canada now owns 113,652,306 shares of the company’s stock valued at $5,215,504,000 after buying an additional 32,760,558 shares in the last quarter. Capital World Investors raised its holdings in shares of Brookfield by 45.0% in the 4th quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock valued at $4,546,443,000 after buying an additional 30,755,354 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Brookfield by 27.9% in the 4th quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock valued at $2,985,224,000 after buying an additional 14,200,710 shares during the period. Finally, BROOKFIELD Corp ON lifted its stake in Brookfield by 50.2% during the 4th quarter. BROOKFIELD Corp ON now owns 46,581,943 shares of the company’s stock worth $2,137,645,000 after acquiring an additional 15,574,559 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Trading Up 0.1%

BN opened at $41.36 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.22 and a current ratio of 1.34. Brookfield Corporation has a one year low of $37.93 and a one year high of $49.56. The company has a market cap of $101.41 billion, a P/E ratio of 75.20 and a beta of 1.54. The business’s 50-day simple moving average is $43.01 and its 200-day simple moving average is $43.64.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, August 13th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.04. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Brookfield had a return on equity of 3.93% and a net margin of 1.85%. As a group, equities research analysts expect that Brookfield Corporation will post 2.93 EPS for the current fiscal year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 14th. Brookfield’s payout ratio is currently 50.91%.

Wall Street Analysts Forecast Growth

BN has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. National Bank Financial increased their price objective on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a report on Wednesday, June 24th. TD boosted their target price on Brookfield from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Morgan Stanley set a $59.00 price target on Brookfield and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Brookfield presently has a consensus rating of “Buy” and a consensus price target of $56.91.

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.