Brookfield Corporation $BN Holdings Raised by Mraz Amerine & Associates Inc.

Key Points

• Mraz Amerine & Associates increased its Brookfield stake by 10.8% in the third quarter, adding 50,255 shares to reach 516,953 shares valued at about $18.8 million.
• Analyst views were mixed, but Brookfield had a consensus “Moderate Buy” rating and an average price target of $57.40.
• Brookfield reported quarterly EPS of $0.66, beating the $0.62 consensus estimate, and paid a quarterly dividend of $0.07 per share.

Mraz Amerine & Associates Inc. grew its stake in shares of Brookfield Corporation (NYSE:BN - Free Report) by 10.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 516,953 shares of the company's stock after buying an additional 50,255 shares during the period. Brookfield accounts for 2.9% of Mraz Amerine & Associates Inc.'s investment portfolio, making the stock its 9th biggest position. Mraz Amerine & Associates Inc.'s holdings in Brookfield were worth $18,848,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in BN. Cardinal Capital Management Inc. raised its stake in Brookfield by 2.5% during the second quarter. Cardinal Capital Management Inc. now owns 3,247,627 shares of the company's stock worth $138,287,000 after purchasing an additional 80,738 shares during the period. Headlands Technologies LLC boosted its holdings in shares of Brookfield by 181.4% in the 2nd quarter. Headlands Technologies LLC now owns 91,785 shares of the company's stock valued at $3,909,000 after purchasing an additional 59,166 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Brookfield by 1.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 13,903,270 shares of the company's stock valued at $595,676,000 after buying an additional 248,479 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of Brookfield by 520.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 47,684 shares of the company's stock valued at $2,031,000 after buying an additional 39,994 shares during the period. Finally, Engineers Gate Manager LP increased its holdings in shares of Brookfield by 388.8% during the 2nd quarter. Engineers Gate Manager LP now owns 42,209 shares of the company's stock worth $1,798,000 after buying an additional 33,573 shares during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BN shares. Scotiabank reaffirmed an "outperform" rating and issued a $54.00 target price (up from $53.00) on shares of Brookfield in a research report on Friday, August 14th. Zacks Research downgraded Brookfield from a "hold" rating to a "strong sell" rating in a report on Monday, October 19th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Brookfield in a research note on Monday, September 21st. Morgan Stanley set a $59.00 target price on Brookfield and gave the stock an "overweight" rating in a report on Tuesday, July 21st. Finally, BMO Capital Markets upgraded shares of Brookfield to a "strong-buy" rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Brookfield has an average rating of "Moderate Buy" and a consensus target price of $57.40.

Brookfield Trading Down 2.1%

NYSE:BN opened at $40.59 on Wednesday. Brookfield Corporation has a one year low of $35.61 and a one year high of $49.56. The business's 50-day simple moving average is $38.17 and its 200 day simple moving average is $42.52. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.22 and a current ratio of 1.34. The stock has a market cap of $99.53 billion, a price-to-earnings ratio of 73.80 and a beta of 1.53.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.04. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. Brookfield had a return on equity of 3.93% and a net margin of 1.85%. As a group, sell-side analysts predict that Brookfield Corporation will post 2.88 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. Brookfield's dividend payout ratio is 50.91%.

About Brookfield

Brookfield Corporation NYSE: BN is a global investment and asset management company headquartered in Toronto, Canada. Through its businesses and investments, the company owns and operates assets across real estate, renewable power and energy transition, infrastructure, private equity and related sectors.

Brookfield's portfolio includes office, retail, residential and logistics properties; renewable power generation and energy-transition projects; transportation, utility and data infrastructure; and operating companies in industries such as business services, industrials and technology.

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