Capital Advisors Inc. OK Buys 12,919 Shares of Brookfield Corporation (NYSE:BN)

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

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BN. Norges Bank acquired a new stake in shares of Brookfield during the 4th quarter worth approximately $973,591,000. Geode Capital Management LLC grew its position in shares of Brookfield by 32.0% during the 4th quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock worth $460,489,000 after buying an additional 1,930,218 shares during the period. Capital World Investors grew its position in shares of Brookfield by 3.1% during the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company's stock worth $3,390,786,000 after buying an additional 1,782,034 shares during the period. Bessemer Group Inc. grew its position in shares of Brookfield by 51.9% during the 4th quarter. Bessemer Group Inc. now owns 4,839,267 shares of the company's stock worth $278,016,000 after buying an additional 1,652,935 shares during the period. Finally, FIL Ltd grew its position in shares of Brookfield by 8.8% during the 4th quarter. FIL Ltd now owns 20,354,516 shares of the company's stock worth $1,169,912,000 after buying an additional 1,640,903 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BN. Royal Bank Of Canada began coverage on Brookfield in a report on Wednesday, June 18th. They issued an "outperform" rating and a $81.00 target price on the stock. Morgan Stanley reiterated an "overweight" rating on shares of Brookfield in a report on Monday, May 19th. TD Securities cut their target price on Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Scotiabank cut their target price on 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. cut their target price on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $66.13.

Brookfield Price Performance

Shares of BN traded down $0.51 during trading hours on Wednesday, reaching $62.29. 1,228,958 shares of the company's stock traded hands, compared to its average volume of 2,446,871. The stock has a market cap of $102.65 billion, a PE ratio of 222.48 and a beta of 1.66. 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 firm's 50 day simple moving average is $58.83 and its 200-day simple moving average is $56.42. 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 issued its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. Equities analysts expect that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.58%. Brookfield's payout ratio is 128.57%.

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.