Louisbourg Investments Inc. Has $7.69 Million Holdings in Brookfield Corporation $BN

Key Points

• Louisbourg Investments increased its stake in Brookfield Corporation (NYSE:BN) by 45.6% in Q4 to 167,148 shares worth $7.685 million, representing about 1.4% of Louisbourg's portfolio and the firm's 22nd largest position.
• Brookfield carries a consensus analyst rating of "Moderate Buy" with an average price target of $54.20, and several banks (including Morgan Stanley and National Bank Financial) have recently raised their targets into the high‑$50s/low‑$60s.
• Brookfield raised its quarterly dividend to $0.07 (annualized $0.28) for a yield of roughly 0.7%; the company has a $100.3 billion market cap and a trailing P/E of 82.96.

Louisbourg Investments Inc. raised its stake in Brookfield Corporation (NYSE:BN - Free Report) by 45.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,148 shares of the company's stock after purchasing an additional 52,373 shares during the period. Brookfield makes up approximately 1.4% of Louisbourg Investments Inc.'s holdings, making the stock its 22nd biggest position. Louisbourg Investments Inc.'s holdings in Brookfield were worth $7,685,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Brookfield during the second quarter valued at about $32,000. First Horizon Corp bought a new stake in shares of Brookfield in the third quarter valued at about $40,000. Exchange Traded Concepts LLC acquired a new stake in Brookfield during the fourth quarter worth about $27,000. Cary Street Partners Investment Advisory LLC increased its stake in Brookfield by 109.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 632 shares of the company's stock valued at $39,000 after acquiring an additional 330 shares during the period. Finally, Versant Capital Management Inc increased its stake in Brookfield by 507.5% during the third quarter. Versant Capital Management Inc now owns 650 shares of the company's stock valued at $45,000 after acquiring an additional 543 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. National Bank Financial raised their price objective on Brookfield from $56.00 to $59.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Morgan Stanley restated an "overweight" rating and set a $60.00 price objective on shares of Brookfield in a research report on Tuesday, February 17th. BMO Capital Markets upped their target price on Brookfield from $49.00 to $51.00 and gave the company an "outperform" rating in a research note on Friday, February 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Brookfield in a research report on Friday, March 27th. Finally, Royal Bank Of Canada lifted their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $54.20.

Brookfield Stock Up 0.5%

Shares of NYSE BN opened at $40.93 on Friday. Brookfield Corporation has a 52-week low of $29.07 and a 52-week high of $49.56. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.21 and a current ratio of 1.32. The business has a fifty day moving average of $43.41 and a two-hundred day moving average of $45.11. The stock has a market cap of $100.30 billion, a PE ratio of 82.96 and a beta of 1.56.

Brookfield (NYSE:BN - Get Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. As a group, equities research analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.07 per share. This is a positive change from Brookfield's previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, March 17th. Brookfield's payout ratio is currently 57.14%.

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.

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.