Brookfield Corporation $BN Shares Acquired by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer & Co. increased its stake in Brookfield Corporation by 39.5% in Q4, acquiring an additional 30,690 shares to hold 108,369 shares worth about $4.97 million.
• Brookfield beat quarterly EPS estimates ($0.67 vs. $0.61), reported flat revenue of $1.63 billion, and raised its quarterly dividend to $0.07 (annualized $0.28, yield ~0.6%, payout ratio 57.14%).
• Wall Street sentiment is bullish-to-moderate with a consensus rating of "Moderate Buy" and an average price target of $55.65, while the stock trades around $45.25 with a market cap of $110.88 billion and a high PE of 91.71.

Oppenheimer & Co. Inc. grew its position in Brookfield Corporation (NYSE:BN - Free Report) by 39.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,369 shares of the company's stock after acquiring an additional 30,690 shares during the period. Oppenheimer & Co. Inc.'s holdings in Brookfield were worth $4,973,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BN. AQR Capital Management LLC increased its stake in shares of Brookfield by 147.5% during the first quarter. AQR Capital Management LLC now owns 18,571 shares of the company's stock worth $963,000 after purchasing an additional 11,069 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Brookfield by 13.5% during the first quarter. NewEdge Advisors LLC now owns 2,488 shares of the company's stock worth $130,000 after purchasing an additional 295 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of Brookfield by 32.3% during the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company's stock worth $353,000 after purchasing an additional 1,396 shares in the last quarter. AXA S.A. increased its stake in shares of Brookfield by 42.2% during the second quarter. AXA S.A. now owns 103,531 shares of the company's stock worth $6,403,000 after purchasing an additional 30,703 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of Brookfield by 29.6% during the second quarter. Squarepoint Ops LLC now owns 25,502 shares of the company's stock worth $1,577,000 after purchasing an additional 5,821 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Stock Up 0.3%

Shares of NYSE BN opened at $45.25 on Friday. Brookfield Corporation has a 12-month low of $35.95 and a 12-month high of $49.56. The stock has a market cap of $110.88 billion, a PE ratio of 91.71 and a beta of 1.55. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.51. The company has a 50-day moving average of $42.45 and a 200 day moving average of $44.87.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.63 billion. As a group, sell-side analysts predict that Brookfield Corporation will post 2.95 EPS for the current fiscal year.

Brookfield Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.28 annualized dividend and a yield of 0.6%. This is a boost from Brookfield's previous quarterly dividend of $0.06. Brookfield's dividend payout ratio is currently 57.14%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of Brookfield from $60.00 to $63.00 and gave the stock an "outperform" rating in a research note on Monday, April 20th. Wall Street Zen raised shares of Brookfield from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. BMO Capital Markets boosted their target price on shares of Brookfield from $49.00 to $51.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. Zacks Research raised shares of Brookfield from a "strong sell" rating to a "hold" rating in a research note on Monday, January 19th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Brookfield in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $55.65.

About Brookfield

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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