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

Capital Advisors Inc. OK lifted its stake in Brookfield Corporation (NYSE:BN - Free Report) by 1.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 787,786 shares of the company's stock after purchasing 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 quarter.

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

Analysts Set New Price Targets

A number of analysts have commented on BN shares. Scotiabank lowered their target price on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a report on Monday, April 7th. Wall Street Zen raised shares of Brookfield from a "sell" rating to a "hold" rating in a report on Sunday, June 8th. JPMorgan Chase & Co. lowered their target price 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. CIBC lowered their target price 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. Finally, TD Securities lowered their target price on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Brookfield presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.13.

Brookfield Trading Down 0.6%

Shares of NYSE BN traded down $0.38 during midday trading on Wednesday, reaching $62.42. 3,402,581 shares of the stock were exchanged, compared to its average volume of 2,460,598. The business has a 50-day simple moving average of $59.00 and a two-hundred day simple moving average of $56.46. The company has a market capitalization of $102.87 billion, a price-to-earnings ratio of 222.93 and a beta of 1.66. Brookfield Corporation has a 12 month low of $42.21 and a 12 month high of $64.55. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.30 and a quick ratio of 1.18.

Brookfield (NYSE:BN - Get Free Report) last announced 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 analysts' expectations of $1.36 billion. Brookfield had a net margin of 0.76% and a return on equity of 4.20%. As a group, equities research analysts expect that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.58%. Brookfield's dividend payout ratio is currently 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.