Jackson Hole Capital Partners LLC Boosts Stock Position in Brookfield Corporation (NYSE:BN)

Jackson Hole Capital Partners LLC boosted its position in shares of Brookfield Corporation (NYSE:BN - Free Report) by 16.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,458 shares of the company's stock after purchasing an additional 6,980 shares during the period. Jackson Hole Capital Partners LLC's holdings in Brookfield were worth $2,645,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Davis Rea LTD. grew its position in shares of Brookfield by 1,379.0% during the 1st quarter. Davis Rea LTD. now owns 115,139 shares of the company's stock worth $6,026,000 after buying an additional 107,354 shares during the period. SFE Investment Counsel bought a new stake in shares of Brookfield in the first quarter worth $295,000. Guardian Wealth Management Inc. lifted its position in shares of Brookfield by 4.0% in the first quarter. Guardian Wealth Management Inc. now owns 58,573 shares of the company's stock worth $3,070,000 after purchasing an additional 2,229 shares in the last quarter. Venturi Wealth Management LLC raised its position in Brookfield by 1.4% during the first quarter. Venturi Wealth Management LLC now owns 22,863 shares of the company's stock worth $1,198,000 after acquiring an additional 306 shares in the last quarter. Finally, Templeton & Phillips Capital Management LLC raised its position in Brookfield by 2,706.9% during the first quarter. Templeton & Phillips Capital Management LLC now owns 134,088 shares of the company's stock worth $7,028,000 after acquiring an additional 129,311 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Up 0.2%

BN traded up $0.14 during trading on Friday, reaching $67.59. The stock had a trading volume of 1,569,512 shares, compared to its average volume of 2,290,698. The stock's 50 day moving average is $61.11 and its two-hundred day moving average is $57.17. 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 $111.43 billion, a price-to-earnings ratio of 241.38 and a beta of 1.66. Brookfield Corporation has a one year low of $42.21 and a one year high of $68.75.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.90 by $0.08. The company had revenue of $1.37 billion for 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, analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, June 13th. Brookfield's dividend payout ratio (DPR) is presently 128.57%.

Wall Street Analysts Forecast Growth

Several research firms have commented on BN. Royal Bank Of Canada began coverage on shares of Brookfield in a report on Wednesday, June 18th. They issued an "outperform" rating and a $81.00 price objective on the stock. CIBC reduced their price target on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. Morgan Stanley reiterated an "overweight" rating on shares of Brookfield in a report on Monday, May 19th. JPMorgan Chase & Co. lowered their price target 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. 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 research report on Monday, May 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $66.13.

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.