Blue Fin Capital Inc. Buys 32,059 Shares of Brookfield Corporation $BN

Key Points

• Blue Fin Capital boosted its stake in Brookfield by 45.1% in Q4, acquiring 32,059 shares to hold 103,213 shares worth $4.736 million, roughly 0.7% of the firm's portfolio and its 27th largest holding.
• Institutional investors own about 61.6% of Brookfield, with major holders including Capital World Investors (≈68.3M shares), Vanguard (≈60.6M) and Principal Financial (≈50.8M).
• Analysts have a consensus rating of “Moderate Buy” with a consensus target of $54.20, while several banks recently revised targets (e.g., RBC to $51, National Bank to $59, Scotiabank cut to $48.50).

Blue Fin Capital Inc. boosted its stake in Brookfield Corporation (NYSE:BN - Free Report) by 45.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,213 shares of the company's stock after acquiring an additional 32,059 shares during the period. Brookfield accounts for approximately 0.7% of Blue Fin Capital Inc.'s holdings, making the stock its 27th biggest holding. Blue Fin Capital Inc.'s holdings in Brookfield were worth $4,736,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BN. Capital World Investors boosted its position in Brookfield by 2.4% during the 3rd quarter. Capital World Investors now owns 68,313,662 shares of the company's stock valued at $4,685,103,000 after acquiring an additional 1,624,085 shares in the last quarter. Vanguard Group Inc. boosted its position in Brookfield by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 60,559,807 shares of the company's stock valued at $4,155,251,000 after acquiring an additional 897,916 shares in the last quarter. Principal Financial Group Inc. boosted its position in Brookfield by 1.6% during the 3rd quarter. Principal Financial Group Inc. now owns 50,849,914 shares of the company's stock valued at $3,487,338,000 after acquiring an additional 799,440 shares in the last quarter. Akre Capital Management LLC boosted its position in Brookfield by 0.7% during the 2nd quarter. Akre Capital Management LLC now owns 19,219,290 shares of the company's stock valued at $1,188,713,000 after acquiring an additional 125,269 shares in the last quarter. Finally, Cibc World Market Inc. boosted its position in Brookfield by 2.9% during the 3rd quarter. Cibc World Market Inc. now owns 11,277,277 shares of the company's stock valued at $773,396,000 after acquiring an additional 321,998 shares in the last quarter. Institutional investors own 61.60% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank Of Canada lifted their price objective on Brookfield from $49.00 to $51.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. National Bank Financial boosted their target price on shares of Brookfield from $56.00 to $59.00 and gave the company an "outperform" rating in a report on Wednesday, February 4th. Weiss Ratings restated a "hold (c)" rating on shares of Brookfield in a report on Friday, March 27th. Zacks Research upgraded shares of Brookfield from a "strong sell" rating to a "hold" rating in a report on Monday, January 19th. Finally, Scotiabank dropped their target price on shares of Brookfield from $52.00 to $48.50 and set a "sector outperform" rating on the stock in a report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Brookfield presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.20.

Brookfield Stock Performance

Shares of BN opened at $43.69 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The business's 50 day moving average price is $42.72 and its 200-day moving average price is $44.84. Brookfield Corporation has a 52 week low of $31.62 and a 52 week high of $49.56. The stock has a market cap of $107.06 billion, a P/E ratio of 88.56 and a beta of 1.56.

Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.06. Brookfield had a return on equity of 3.90% and a net margin of 1.74%.The firm had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.63 billion. Equities research analysts anticipate that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were 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 was Tuesday, March 17th. This is a positive change from Brookfield's previous quarterly dividend of $0.06. Brookfield's dividend payout ratio (DPR) is presently 57.14%.

Brookfield Company 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.

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