Banco Santander S.A. purchased a new position in shares of Brookfield Corporation (NYSE:BN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,706 shares of the company's stock, valued at approximately $509,000.
Several other large investors have also modified their holdings of BN. Strategic Wealth Partners Ltd. raised its position in Brookfield by 1.7% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 10,229 shares of the company's stock worth $618,000 after acquiring an additional 170 shares in the last quarter. Checchi Capital Advisers LLC raised its position in Brookfield by 2.9% in the first quarter. Checchi Capital Advisers LLC now owns 7,375 shares of the company's stock worth $387,000 after acquiring an additional 209 shares in the last quarter. Fidelis Capital Partners LLC raised its position in Brookfield by 3.7% in the first quarter. Fidelis Capital Partners LLC now owns 7,364 shares of the company's stock worth $392,000 after acquiring an additional 265 shares in the last quarter. Norden Group LLC raised its position in Brookfield by 1.2% in the first quarter. Norden Group LLC now owns 23,063 shares of the company's stock worth $1,209,000 after acquiring an additional 268 shares in the last quarter. Finally, Marks Group Wealth Management Inc raised its position in Brookfield by 1.7% in the first quarter. Marks Group Wealth Management Inc now owns 15,978 shares of the company's stock worth $837,000 after acquiring an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. National Bankshares set a $82.00 price objective on Brookfield and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. cut their price objective on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. CIBC cut their price objective on Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research report on Friday, May 9th. National Bank Financial initiated coverage on Brookfield in a research report on Tuesday, July 29th. They issued an "outperform" rating and a $82.00 price objective for the company. Finally, Wall Street Zen cut Brookfield from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Brookfield has an average rating of "Moderate Buy" and an average target price of $70.00.
Get Our Latest Stock Analysis on BN
Brookfield Trading Up 2.0%
Shares of BN stock opened at $66.61 on Tuesday. Brookfield Corporation has a fifty-two week low of $42.21 and a fifty-two week high of $68.75. The stock has a market cap of $109.81 billion, a P/E ratio of 237.88 and a beta of 1.70. The business has a fifty day simple moving average of $62.21 and a 200-day simple moving average of $57.60. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. On average, analysts forecast that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.
Brookfield Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, June 13th. Brookfield's dividend payout ratio (DPR) is currently 128.57%.
About Brookfield
(
Free Report)
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.
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