DekaBank Deutsche Girozentrale Has $11.98 Million Holdings in Brookfield Corporation (NYSE:BN)

DekaBank Deutsche Girozentrale lessened its holdings in shares of Brookfield Corporation (NYSE:BN - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 235,922 shares of the company's stock after selling 8,762 shares during the period. DekaBank Deutsche Girozentrale's holdings in Brookfield were worth $11,978,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Brookfield during the 4th quarter valued at about $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 valued at $460,489,000 after acquiring 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 valued at $3,390,786,000 after acquiring 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 valued at $278,016,000 after acquiring 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 valued at $1,169,912,000 after acquiring an additional 1,640,903 shares during the period. Hedge funds and other institutional investors own 61.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BN shares. JPMorgan Chase & Co. decreased 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. Scotiabank decreased 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 note on Monday, April 7th. Wall Street Zen raised shares of Brookfield from a "sell" rating to a "hold" rating in a research note on Sunday, June 8th. Morgan Stanley reissued an "overweight" rating on shares of Brookfield in a research note on Monday, May 19th. Finally, TD Securities decreased 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.13.

Brookfield Price Performance

BN traded down $0.84 on Friday, hitting $63.12. 1,665,521 shares of the company were exchanged, compared to its average volume of 2,459,651. The business's fifty day moving average is $59.20 and its 200 day moving average is $56.51. The firm has a market capitalization of $104.02 billion, a P/E ratio of 15.30 and a beta of 1.66. Brookfield Corporation has a fifty-two week low of $42.21 and a fifty-two week high of $64.55. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.30.

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 anticipate that Brookfield Corporation will post 3.85 EPS 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 given a dividend of $0.09 per share. The ex-dividend date was Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.57%. Brookfield's dividend payout ratio (DPR) is 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.