Mcdonald Capital Investors Inc. CA lowered its stake in shares of Brookfield Corporation (NYSE:BN - Free Report) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,002,483 shares of the company's stock after selling 21,077 shares during the quarter. Brookfield comprises approximately 6.6% of Mcdonald Capital Investors Inc. CA's investment portfolio, making the stock its 7th biggest position. Mcdonald Capital Investors Inc. CA owned about 0.12% of Brookfield worth $104,950,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Brookfield in the 4th quarter valued at $48,000. Amundi grew its holdings in Brookfield by 13.2% during the 4th quarter. Amundi now owns 855,761 shares of the company's stock worth $49,959,000 after acquiring an additional 99,544 shares during the period. Independent Advisor Alliance grew its holdings in Brookfield by 2.9% during the 4th quarter. Independent Advisor Alliance now owns 9,856 shares of the company's stock worth $566,000 after acquiring an additional 275 shares during the period. Net Worth Advisory Group acquired a new stake in shares of Brookfield in the 4th quarter valued at about $232,000. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Brookfield by 5.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock valued at $250,000 after buying an additional 240 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.
Analyst Ratings Changes
BN has been the subject of a number of recent research reports. Wall Street Zen lowered Brookfield from a "hold" rating to a "sell" rating in a report on Saturday. Royal Bank Of Canada initiated coverage on Brookfield in a research note on Wednesday, June 18th. They issued an "outperform" rating and a $81.00 target price on the stock. CIBC dropped their price objective on Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. Scotiabank lowered their target price on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $66.13.
Read Our Latest Stock Report on Brookfield
Brookfield Trading Down 1.3%
NYSE BN traded down $0.84 during trading on Friday, hitting $63.12. 1,665,521 shares of the company's stock traded hands, compared to its average volume of 2,455,328. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.30 and a quick ratio of 1.18. The stock has a fifty day moving average of $59.35 and a two-hundred day moving average of $56.53. The firm has a market cap of $104.02 billion, a P/E ratio of 225.43 and a beta of 1.66. Brookfield Corporation has a 12-month low of $42.21 and a 12-month high of $64.55.
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 company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. As a group, sell-side analysts expect that Brookfield Corporation will post 3.85 EPS for the current year.
Brookfield Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, June 13th. Brookfield's payout ratio is currently 128.57%.
About Brookfield
(
Free Report)
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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