Capital Advisors Inc. OK Boosts Stock Holdings in Brookfield Corporation (NYSE:BN)

Capital Advisors Inc. OK grew its holdings in Brookfield Corporation (NYSE:BN - Free Report) by 1.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 787,786 shares of the company's stock after buying an additional 12,919 shares during the period. Capital Advisors Inc. OK's holdings in Brookfield were worth $41,288,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BN. Norges Bank purchased a new stake in shares of Brookfield in the fourth quarter valued at about $973,591,000. Geode Capital Management LLC increased its stake in shares of Brookfield by 32.0% during the fourth quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock worth $460,489,000 after acquiring an additional 1,930,218 shares during the period. Capital World Investors increased its stake in shares of Brookfield by 3.1% during the fourth quarter. Capital World Investors now owns 59,020,303 shares of the company's stock worth $3,390,786,000 after acquiring an additional 1,782,034 shares during the period. Bessemer Group Inc. increased its stake in shares of Brookfield by 51.9% during the fourth quarter. Bessemer Group Inc. now owns 4,839,267 shares of the company's stock worth $278,016,000 after acquiring an additional 1,652,935 shares during the period. Finally, FIL Ltd increased its stake in shares of Brookfield by 8.8% during the fourth quarter. FIL Ltd now owns 20,354,516 shares of the company's stock worth $1,169,912,000 after acquiring an additional 1,640,903 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Trading Up 2.1%

Shares of BN traded up $1.33 on Thursday, hitting $63.90. 2,427,128 shares of the stock traded hands, compared to its average volume of 2,460,467. The company has a quick ratio of 1.18, a current ratio of 1.30 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $105.31 billion, a P/E ratio of 228.21 and a beta of 1.66. The stock's 50 day moving average is $59.00 and its two-hundred day moving average is $56.46. Brookfield Corporation has a 1 year low of $42.21 and a 1 year high of $64.55.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly 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. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Brookfield had a net margin of 0.76% and a return on equity of 4.20%. As a group, sell-side analysts predict that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Friday, June 13th. Brookfield's dividend payout ratio is currently 128.57%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. TD Securities lowered their target price on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. CIBC lowered their target price on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. Royal Bank Of Canada began coverage on shares of Brookfield in a research report on Wednesday, June 18th. They issued an "outperform" rating and a $81.00 price target on the stock. Finally, Scotiabank lowered their price target 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Brookfield currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.13.

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.