Brookfield Corporation $BN Shares Bought by Oppenheimer Asset Management Inc.

Key Points

• Oppenheimer Asset Management boosted its stake in Brookfield by 40.1% in Q4, buying 40,324 shares to own 140,822 shares valued at about $6.46 million.
• Wall Street sentiment is generally positive: the stock has a consensus rating of “Moderate Buy” with a consensus target price of $55.65 and several recent upgrades (RBC to $63, National Bank to $59).
• Brookfield shares traded near $45.25 with a 52-week range of $35.95–$49.56 and a $110.9B market cap; the company raised its quarterly dividend to $0.07 (annualized $0.28, ~0.6% yield).

Oppenheimer Asset Management Inc. boosted its holdings in shares of Brookfield Corporation (NYSE:BN - Free Report) by 40.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,822 shares of the company's stock after purchasing an additional 40,324 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Brookfield were worth $6,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BN. Exchange Traded Concepts LLC acquired a new position in shares of Brookfield in the fourth quarter worth about $27,000. Hilltop National Bank raised its position in shares of Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company's stock worth $33,000 after acquiring an additional 241 shares during the period. ST Germain D J Co. Inc. raised its position in shares of Brookfield by 49.9% in the fourth quarter. ST Germain D J Co. Inc. now owns 811 shares of the company's stock worth $37,000 after acquiring an additional 270 shares during the period. First Horizon Corp acquired a new position in shares of Brookfield in the third quarter worth about $40,000. Finally, Versant Capital Management Inc raised its position in shares of Brookfield by 507.5% in the third quarter. Versant Capital Management Inc now owns 650 shares of the company's stock worth $45,000 after acquiring an additional 543 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BN has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price objective on shares of Brookfield from $60.00 to $63.00 and gave the stock an "outperform" rating in a research report on Monday, April 20th. National Bank Financial upped their price objective on shares of Brookfield from $56.00 to $59.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Zacks Research upgraded shares of Brookfield from a "strong sell" rating to a "hold" rating in a research report on Monday, January 19th. Scotiabank decreased their price objective on shares of Brookfield from $52.00 to $48.50 and set a "sector outperform" rating for the company in a research report on Wednesday, March 25th. Finally, Wall Street Zen upgraded shares of Brookfield from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. One 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $55.65.

Brookfield Stock Up 0.3%

BN stock opened at $45.25 on Friday. Brookfield Corporation has a 52 week low of $35.95 and a 52 week high of $49.56. The stock has a market capitalization of $110.88 billion, a P/E ratio of 91.71 and a beta of 1.55. 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 firm has a 50-day simple moving average of $42.45 and a 200-day simple 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. Equities analysts forecast that Brookfield Corporation will post 2.95 earnings per share 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%.

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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