Inscription Capital LLC Buys Shares of 5,430 Brookfield Corporation (NYSE:BN)

Inscription Capital LLC acquired a new stake in Brookfield Corporation (NYSE:BN - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,430 shares of the company's stock, valued at approximately $285,000.

Other hedge funds also recently made changes to their positions in the company. CoreCap Advisors LLC acquired a new position in Brookfield in the 4th quarter valued at about $29,000. Compass Planning Associates Inc acquired a new stake in Brookfield during the fourth quarter worth approximately $30,000. ST Germain D J Co. Inc. bought a new stake in shares of Brookfield during the first quarter worth approximately $28,000. Sunbelt Securities Inc. boosted its holdings in shares of Brookfield by 164.0% during the fourth quarter. Sunbelt Securities Inc. now owns 726 shares of the company's stock worth $42,000 after acquiring an additional 451 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Brookfield in the fourth quarter valued at approximately $48,000. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Price Performance

BN stock traded up $1.47 during midday trading on Thursday, reaching $59.45. The company had a trading volume of 2,505,739 shares, compared to its average volume of 2,653,087. Brookfield Corporation has a 1-year low of $40.04 and a 1-year high of $62.78. The stock has a 50 day moving average price of $55.66 and a 200-day moving average price of $56.18. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.30 and a quick ratio of 1.18. The company has a market capitalization of $97.97 billion, a price-to-earnings ratio of 212.31 and a beta of 1.66.

Brookfield (NYSE:BN - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.98 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.36 billion. Equities research analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BN. Scotiabank dropped their price target on 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 Brookfield from a "sell" rating to a "hold" rating in a report on Sunday, June 8th. Morgan Stanley restated an "overweight" rating on shares of Brookfield in a research note on Monday, May 19th. JPMorgan Chase & Co. dropped their price objective on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, CIBC decreased their target price on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average 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.