Brookfield Corporation $BN Shares Purchased by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments Inc. increased its stake in Brookfield by 60.5% in Q4, adding 33,295 shares to hold 88,351 shares worth about $4.06 million.
• Brookfield beat Q4 expectations with EPS of $0.67 (vs. $0.61 consensus) and has a market capitalization of roughly $111.6 billion and a trailing PE near 92.
• The company raised its quarterly dividend to $0.07 (annualized $0.28, ~0.6% yield), while analysts have lifted price targets, leaving a consensus rating of "Moderate Buy" and an average target of $55.65.

Montrusco Bolton Investments Inc. increased its stake in Brookfield Corporation (NYSE:BN - Free Report) by 60.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 88,351 shares of the company's stock after acquiring an additional 33,295 shares during the quarter. Montrusco Bolton Investments Inc.'s holdings in Brookfield were worth $4,062,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Savant Capital LLC increased its holdings in Brookfield by 6.5% in the 3rd quarter. Savant Capital LLC now owns 3,689 shares of the company's stock worth $253,000 after acquiring an additional 226 shares in the last quarter. State of Wyoming grew its holdings in shares of Brookfield by 7.8% in the third quarter. State of Wyoming now owns 3,301 shares of the company's stock valued at $227,000 after purchasing an additional 240 shares during the period. Manitou Investment Management Ltd. grew its holdings in shares of Brookfield by 0.4% in the third quarter. Manitou Investment Management Ltd. now owns 56,337 shares of the company's stock valued at $3,864,000 after purchasing an additional 241 shares during the period. Hilltop National Bank grew its holdings in shares of Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company's stock valued at $33,000 after purchasing an additional 241 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of Brookfield by 38.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company's stock valued at $60,000 after purchasing an additional 243 shares during the period. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Stock Up 0.4%

Shares of BN opened at $45.54 on Friday. The stock has a market capitalization of $111.62 billion, a PE ratio of 92.32 and a beta of 1.56. Brookfield Corporation has a 1 year low of $34.88 and a 1 year high of $49.56. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.21 and a current ratio of 1.32. The company's 50-day simple moving average is $42.68 and its 200-day simple moving average is $44.88.

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

Brookfield Increases Dividend

The company also recently announced 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 was Tuesday, March 17th. This is a positive change from Brookfield's previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. Brookfield's payout ratio is currently 57.14%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BN shares. National Bank Financial upped their price objective on shares of Brookfield from $56.00 to $59.00 and gave the company an "outperform" rating in a report on Wednesday, February 4th. BMO Capital Markets upped their price objective on shares of Brookfield from $49.00 to $51.00 and gave the company an "outperform" rating in a report on Friday, February 13th. Wall Street Zen raised shares of Brookfield from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. Weiss Ratings reissued a "hold (c)" rating on shares of Brookfield in a report on Friday, March 27th. Finally, Royal Bank Of Canada upped their price objective on shares of Brookfield from $60.00 to $63.00 and gave the company an "outperform" rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Brookfield has an average rating of "Moderate Buy" and an average price target of $55.65.

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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