Brookfield Corporation (NYSE:BN) Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd trimmed its stake in shares of Brookfield Corporation (NYSE:BN - Free Report) by 2.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,595,107 shares of the company's stock after selling 39,629 shares during the quarter. Brookfield comprises about 2.6% of Marathon Asset Management Ltd's portfolio, making the stock its 9th biggest holding. Marathon Asset Management Ltd owned approximately 0.10% of Brookfield worth $83,468,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of BN. Norges Bank bought a new stake in shares of Brookfield during the 4th quarter valued at $973,591,000. Regents of The University of California bought a new stake in shares of Brookfield during the 4th quarter worth $154,140,000. Geode Capital Management LLC lifted its position in shares of Brookfield by 32.0% during the 4th quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock worth $460,489,000 after buying an additional 1,930,218 shares during the last quarter. Capital World Investors lifted its position in shares of Brookfield by 3.1% during 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 last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Brookfield by 51.9% during the 4th quarter. Bessemer Group Inc. now owns 4,839,267 shares of the company's stock worth $278,016,000 after buying an additional 1,652,935 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BN has been the subject of several recent analyst reports. Royal Bank Of Canada initiated coverage on Brookfield in a research report on Wednesday, June 18th. They set an "outperform" rating and a $81.00 price objective for the company. Wall Street Zen upgraded Brookfield from a "sell" rating to a "hold" rating in a research report on Sunday, June 8th. Scotiabank dropped their price objective on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research report on Monday, April 7th. TD Securities dropped their price objective on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their target price on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $66.13.

Brookfield Price Performance

BN traded up $0.52 on Friday, reaching $61.62. The stock had a trading volume of 1,616,716 shares, compared to its average volume of 2,445,230. Brookfield Corporation has a fifty-two week low of $40.82 and a fifty-two week high of $62.78. The firm has a 50-day moving average of $57.26 and a 200-day moving average of $56.16. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $101.54 billion, a price-to-earnings ratio of 14.74 and a beta of 1.67.

Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.08. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. As a group, sell-side analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.58%. Brookfield's payout ratio is 128.57%.

Brookfield 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.