Clearstead Trust LLC Acquires Shares of 24,121 Brookfield Corporation $BN

Key Points

• Clearstead Trust LLC acquired 24,121 Brookfield shares during the second quarter, valued at approximately $1.03 million. Institutional investors collectively own 61.6% of Brookfield’s stock.
• Brookfield reported strong underlying second-quarter results, with distributable EPS up 15% to $0.66, exceeding estimates, while fundraising reached a record $77 billion and fee-related earnings rose 20%.
• Analyst sentiment remains positive: multiple firms raised price targets, and Brookfield has a consensus “Buy” rating with a $56.91 target. Shares recently traded at $43.83, down 2.8%.

Clearstead Trust LLC purchased a new stake in shares of Brookfield Corporation (NYSE:BN - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 24,121 shares of the company's stock, valued at approximately $1,027,000.

Several other hedge funds also recently modified their holdings of BN. AQR Capital Management LLC raised its position in Brookfield by 147.5% in the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company's stock valued at $963,000 after buying an additional 11,069 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Brookfield by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company's stock worth $130,000 after acquiring an additional 295 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Brookfield by 32.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company's stock worth $353,000 after acquiring an additional 1,396 shares in the last quarter. AXA S.A. raised its holdings in shares of Brookfield by 42.2% in the second quarter. AXA S.A. now owns 103,531 shares of the company's stock valued at $6,403,000 after purchasing an additional 30,703 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in Brookfield by 29.6% during the second quarter. Squarepoint Ops LLC now owns 25,502 shares of the company's stock worth $1,577,000 after purchasing an additional 5,821 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield News Summary

Here are the key news stories impacting Brookfield this week:

• Positive Sentiment: Analysts raised their outlook. TD increased its price target from $60 to $61 and assigned a “buy” rating, implying approximately 40% upside. Scotiabank also raised its target from $53 to $54 and reiterated a “sector outperform” rating, implying roughly 24% upside. BayStreet analyst ratings
• Positive Sentiment: Underlying earnings and fundraising were strong. Second-quarter distributable earnings per share rose 15% to $0.66, exceeding the $0.62 consensus estimate. Brookfield reported record quarterly fundraising of $77 billion, $672 billion of fee-bearing capital and a record $210 billion of deployable capital. Fee-related earnings increased 20%, while Wealth Solutions earnings rose 23%. Brookfield second-quarter earnings release
• Positive Sentiment: Capital returns and strategic expansion provide support. Brookfield repurchased approximately $580 million of Class A shares year to date at an average price of $42, completed the Oaktree and Just Group acquisitions, and declared a quarterly dividend of $0.07 per share payable September 29, 2026.
• Neutral Sentiment: Corporate simplification remains an important watch item. Shareholders approved a transaction converting existing shares into New BN shares by jurisdiction. The change may ultimately streamline the structure, but investors are assessing implementation, tax considerations and the integration of recent acquisitions.
• Negative Sentiment: Reported net income declined. Consolidated net income fell to $703 million from $1.055 billion a year earlier, although net income attributable to Brookfield shareholders increased to $364 million from $272 million. The mixed results may have encouraged profit-taking after the earnings release, particularly because strong growth and fundraising may already have been reflected in the valuation.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. National Bank Financial increased their price objective on shares of Brookfield from $58.00 to $60.00 and gave the company an "outperform" rating in a research note on Friday, May 15th. BMO Capital Markets raised Brookfield to a "strong-buy" rating in a report on Monday, July 27th. TD Securities reaffirmed a "buy" rating and set a $60.00 price target on shares of Brookfield in a research report on Tuesday, May 19th. Weiss Ratings reiterated a "hold (c)" rating on shares of Brookfield in a report on Wednesday, June 24th. Finally, Scotia boosted their price objective on Brookfield from $53.00 to $54.00 and gave the stock a "sector outperform" rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $56.91.

Brookfield Trading Down 2.8%

Shares of BN stock opened at $43.83 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The firm has a market cap of $107.46 billion, a P/E ratio of 79.69 and a beta of 1.54. The company has a 50 day moving average of $43.63 and a 200-day moving average of $43.95. Brookfield Corporation has a 12-month low of $37.93 and a 12-month high of $49.56.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.62 by $0.04. Brookfield had a return on equity of 3.94% and a net margin of 1.85%.The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. Sell-side analysts anticipate that Brookfield Corporation will post 2.99 earnings per share for the current year.

Brookfield Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, September 14th. Brookfield's dividend payout ratio is currently 50.91%.

Brookfield Profile

Brookfield Corporation NYSE: BN is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.

Brookfield's services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.

Want to see what other hedge funds are holding BN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Corporation (NYSE:BN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source