Brookfield Corporation (NYSE:BN) is Hi Line Capital Management LLC's 6th Largest Position

Hi Line Capital Management LLC boosted its stake in shares of Brookfield Corporation (NYSE:BN - Free Report) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 215,470 shares of the company's stock after purchasing an additional 4,692 shares during the period. Brookfield comprises about 4.2% of Hi Line Capital Management LLC's investment portfolio, making the stock its 6th biggest position. Hi Line Capital Management LLC's holdings in Brookfield were worth $11,293,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Brookfield by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 59,904,458 shares of the company's stock worth $3,443,129,000 after purchasing an additional 974,533 shares in the last quarter. Capital World Investors boosted its holdings in Brookfield by 3.1% in the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company's stock worth $3,390,786,000 after buying an additional 1,782,034 shares during the period. FIL Ltd increased its stake in Brookfield by 8.8% in the 4th quarter. FIL Ltd now owns 20,354,516 shares of the company's stock worth $1,169,912,000 after buying an additional 1,640,903 shares in the last quarter. Norges Bank purchased a new stake in Brookfield in the 4th quarter worth $973,591,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Brookfield by 1.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 11,866,447 shares of the company's stock valued at $682,497,000 after acquiring an additional 129,735 shares during the period. Institutional investors own 61.60% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. TD Securities cut their target price on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. cut their price objective on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wall Street Zen upgraded shares of Brookfield from a "sell" rating to a "hold" rating in a research report on Sunday, June 8th. Morgan Stanley restated an "overweight" rating on shares of Brookfield in a research report on Monday, May 19th. Finally, Royal Bank Of Canada assumed coverage on shares of Brookfield in a research note on Wednesday, June 18th. They set an "outperform" rating and a $81.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Brookfield has a consensus rating of "Moderate Buy" and a consensus price target of $66.13.

Brookfield Trading Up 1.2%

Shares of BN opened at $59.64 on Tuesday. The stock has a market capitalization of $98.29 billion, a PE ratio of 213.00 and a beta of 1.67. The company's fifty day moving average is $56.32 and its 200 day moving average is $56.09. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.30. Brookfield Corporation has a fifty-two week low of $40.59 and a fifty-two week high of $62.78.

Brookfield (NYSE:BN - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.08. Brookfield had a net margin of 0.76% and a return on equity of 4.20%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Sell-side analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield's payout ratio is 128.57%.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.

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