Oppenheimer Asset Management Inc. Buys 4,244 Shares of Brookfield Corporation (NYSE:BN)

Oppenheimer Asset Management Inc. lifted its position in shares of Brookfield Corporation (NYSE:BN - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,602 shares of the company's stock after buying an additional 4,244 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Brookfield were worth $5,587,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BN. Live Oak Private Wealth LLC grew its holdings in Brookfield by 1.0% in the first quarter. Live Oak Private Wealth LLC now owns 218,388 shares of the company's stock worth $11,446,000 after purchasing an additional 2,232 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Brookfield by 2.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 141,921 shares of the company's stock worth $7,428,000 after purchasing an additional 2,913 shares during the period. Tandem Capital Management Corp ADV grew its holdings in Brookfield by 3.5% in the first quarter. Tandem Capital Management Corp ADV now owns 40,939 shares of the company's stock worth $2,146,000 after purchasing an additional 1,370 shares during the period. Jamison Private Wealth Management Inc. grew its holdings in Brookfield by 0.6% in the first quarter. Jamison Private Wealth Management Inc. now owns 54,774 shares of the company's stock worth $2,816,000 after purchasing an additional 324 shares during the period. Finally, Compass Ion Advisors LLC grew its holdings in Brookfield by 15.3% in the first quarter. Compass Ion Advisors LLC now owns 19,203 shares of the company's stock worth $1,006,000 after purchasing an additional 2,550 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BN has been the subject of a number of analyst reports. Royal Bank Of Canada initiated coverage on shares of Brookfield in a report on Wednesday, June 18th. They set an "outperform" rating and a $81.00 price objective for the company. CIBC reduced their price objective on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a report on Friday, May 9th. Scotiabank reduced their price objective on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a report on Monday, April 7th. Morgan Stanley reiterated an "overweight" rating on shares of Brookfield in a report on Monday, May 19th. Finally, TD Securities reduced their price objective on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.13.

Brookfield Stock Up 0.8%

Shares of BN traded up $0.52 during trading hours on Friday, reaching $61.62. 1,616,716 shares of the stock traded hands, compared to its average volume of 2,445,230. 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 stock has a fifty day simple moving average of $57.26 and a 200 day simple moving average of $56.16. Brookfield Corporation has a 52 week low of $40.82 and a 52 week high of $62.78. The company has a market cap of $101.54 billion, a price-to-earnings ratio of 220.05 and a beta of 1.66.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, beating 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 company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. On average, equities analysts forecast that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield's payout ratio is currently 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.