Brookfield Corporation (NYSE:BN) Shares Bought by Brown Advisory Inc.

Brown Advisory Inc. boosted its stake in shares of Brookfield Corporation (NYSE:BN - Free Report) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,558 shares of the company's stock after acquiring an additional 13,103 shares during the quarter. Brown Advisory Inc.'s holdings in Brookfield were worth $9,620,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Brookfield in the 1st quarter worth about $26,000. North Capital Inc. bought a new position in shares of Brookfield during the first quarter valued at approximately $27,000. ST Germain D J Co. Inc. purchased a new stake in shares of Brookfield in the first quarter worth approximately $28,000. CoreCap Advisors LLC bought a new stake in shares of Brookfield during the 4th quarter worth approximately $29,000. Finally, Golden State Wealth Management LLC boosted its holdings in Brookfield by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 592 shares of the company's stock valued at $31,000 after acquiring an additional 296 shares during the period. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BN. Morgan Stanley reiterated an "overweight" rating on shares of Brookfield in a research note on Monday, May 19th. Royal Bank Of Canada assumed coverage on shares of Brookfield in a research note on Wednesday, June 18th. They issued an "outperform" rating and a $81.00 price target on the stock. CIBC decreased 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. TD Securities dropped their target price on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Finally, Scotiabank reduced their target price on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 7th. Two research 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, the company has a consensus rating of "Moderate Buy" and an average target price of $66.13.

Brookfield Stock Down 1.3%

Shares of NYSE BN traded down $0.84 during midday trading on Friday, reaching $63.12. 1,665,521 shares of the company's stock traded hands, compared to its average volume of 2,459,651. The company has a market cap of $104.02 billion, a price-to-earnings ratio of 15.30 and a beta of 1.66. The stock's 50 day simple moving average is $59.20 and its 200-day simple moving average is $56.51. The company has a quick ratio of 1.18, a current ratio of 1.30 and a debt-to-equity ratio of 1.49. Brookfield Corporation has a one year low of $42.21 and a one year high of $64.55.

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

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.36 annualized dividend and a yield of 0.57%. Brookfield's dividend payout ratio (DPR) is presently 128.57%.

About Brookfield

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.