Montrusco Bolton Investments Inc. Cuts Stock Position in Brookfield Corporation (NYSE:BN)

Montrusco Bolton Investments Inc. trimmed its position in shares of Brookfield Corporation (NYSE:BN - Free Report) by 39.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,219 shares of the company's stock after selling 46,196 shares during the quarter. Montrusco Bolton Investments Inc.'s holdings in Brookfield were worth $3,779,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BN. Norges Bank purchased a new position in shares of Brookfield during the 4th quarter valued at approximately $973,591,000. Geode Capital Management LLC increased its holdings in Brookfield by 32.0% in the 4th quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock worth $460,489,000 after acquiring an additional 1,930,218 shares in the last quarter. Capital World Investors increased its holdings in Brookfield by 3.1% in the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company's stock worth $3,390,786,000 after acquiring an additional 1,782,034 shares in the last quarter. Bessemer Group Inc. increased its holdings in Brookfield by 51.9% in the 4th quarter. Bessemer Group Inc. now owns 4,839,267 shares of the company's stock worth $278,016,000 after acquiring an additional 1,652,935 shares in the last quarter. Finally, FIL Ltd increased its holdings in Brookfield by 8.8% in the 4th quarter. FIL Ltd now owns 20,354,516 shares of the company's stock worth $1,169,912,000 after acquiring an additional 1,640,903 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Trading Up 3.6%

Shares of BN stock traded up $2.37 on Thursday, hitting $68.16. 5,196,652 shares of the stock traded hands, compared to its average volume of 2,458,397. The firm's 50-day moving average price is $60.13 and its two-hundred day moving average price is $56.76. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.30. The stock has a market capitalization of $112.33 billion, a PE ratio of 243.44 and a beta of 1.66. Brookfield Corporation has a twelve month low of $42.21 and a twelve month high of $68.66.

Brookfield (NYSE:BN - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.98 EPS for the quarter, beating 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 company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.36 billion. As a group, analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.53%. Brookfield's payout ratio is currently 128.57%.

Analyst Ratings Changes

Several equities research analysts recently commented on BN shares. Royal Bank Of Canada started coverage on shares of Brookfield in a report on Wednesday, June 18th. They issued an "outperform" rating and a $81.00 price target for the company. CIBC lowered their target price on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. JPMorgan Chase & Co. lowered their target price 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. Wall Street Zen cut shares of Brookfield from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Finally, Scotiabank lowered 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $66.13.

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.