Emeth Value Capital LLC Acquires 18,063 Shares of Brookfield Corporation (NYSE:BN)

Emeth Value Capital LLC lifted its holdings in shares of Brookfield Corporation (NYSE:BN - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 418,436 shares of the company's stock after purchasing an additional 18,063 shares during the period. Brookfield accounts for about 19.5% of Emeth Value Capital LLC's portfolio, making the stock its 2nd biggest position. Emeth Value Capital LLC's holdings in Brookfield were worth $21,930,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in Brookfield by 1.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 78,682 shares of the company's stock worth $4,520,000 after purchasing an additional 974 shares during the period. Van ECK Associates Corp bought a new position in shares of Brookfield during the 4th quarter worth about $341,000. Sanctuary Advisors LLC boosted its position in shares of Brookfield by 8.8% during the 4th quarter. Sanctuary Advisors LLC now owns 43,674 shares of the company's stock worth $2,715,000 after purchasing an additional 3,514 shares in the last quarter. Truist Financial Corp grew its stake in shares of Brookfield by 140.5% in the 4th quarter. Truist Financial Corp now owns 311,449 shares of the company's stock valued at $17,893,000 after buying an additional 181,950 shares during the period. Finally, D.A. Davidson & CO. bought a new stake in Brookfield in the 4th quarter valued at about $694,000. Institutional investors and hedge funds own 61.60% of the company's stock.

Brookfield Trading Up 2.5%

Shares of Brookfield stock opened at $59.45 on Thursday. The company has a market capitalization of $97.97 billion, a P/E ratio of 212.31 and a beta of 1.66. The stock has a fifty day simple moving average of $55.66 and a 200 day simple moving average of $56.18. Brookfield Corporation has a 12-month low of $40.04 and a 12-month high of $62.78. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.08. Brookfield had a net margin of 0.76% and a return on equity of 4.20%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. On average, sell-side analysts anticipate that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield's dividend payout ratio (DPR) is presently 128.57%.

Wall Street Analyst Weigh In

BN has been the topic of a number of research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Brookfield in a research note on Monday, May 19th. Royal Bank Of Canada initiated coverage on Brookfield in a research report on Wednesday. They set an "outperform" rating and a $81.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wall Street Zen upgraded shares of Brookfield from a "sell" rating to a "hold" rating in a research note on Sunday, June 8th. Finally, CIBC lowered their price objective on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $66.13.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.