Mraz Amerine & Associates Inc. boosted its stake in shares of Brookfield Corporation (NYSE:BN - Free Report) by 12.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 218,284 shares of the company's stock after purchasing an additional 24,757 shares during the period. Brookfield makes up approximately 1.9% of Mraz Amerine & Associates Inc.'s portfolio, making the stock its 11th biggest holding. Mraz Amerine & Associates Inc.'s holdings in Brookfield were worth $11,318,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in shares of Brookfield by 55.4% in the 4th quarter. Jones Financial Companies Lllp now owns 8,263 shares of the company's stock valued at $475,000 after acquiring an additional 2,945 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Brookfield in the 4th quarter valued at $48,000. Amundi raised its stake in shares of Brookfield by 13.2% in the 4th quarter. Amundi now owns 855,761 shares of the company's stock valued at $49,959,000 after acquiring an additional 99,544 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Brookfield by 3.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 523,609 shares of the company's stock valued at $30,080,000 after acquiring an additional 19,650 shares during the period. Finally, Independent Advisor Alliance raised its stake in shares of Brookfield by 2.9% in the 4th quarter. Independent Advisor Alliance now owns 9,856 shares of the company's stock valued at $566,000 after acquiring an additional 275 shares during the period. Hedge funds and other institutional investors own 61.60% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. CIBC cut 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. TD Securities cut 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. JPMorgan Chase & Co. dropped 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 dropped their price target 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. Finally, Wall Street Zen raised shares of Brookfield from a "sell" rating to a "hold" rating in a research note on Sunday, June 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Brookfield presently has an average rating of "Moderate Buy" and an average target price of $66.13.
Get Our Latest Research Report on BN
Brookfield Stock Performance
Shares of NYSE BN traded down $0.84 during midday trading on Friday, hitting $63.12. The company's stock had a trading volume of 1,665,521 shares, compared to its average volume of 2,459,651. 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 firm's fifty day moving average price is $59.35 and its 200-day moving average price is $56.55. The firm has a market cap of $104.02 billion, a P/E ratio of 225.43 and a beta of 1.66. Brookfield Corporation has a 1-year low of $42.21 and a 1-year high of $64.55.
Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.98 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 company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. On average, sell-side analysts forecast that Brookfield Corporation will post 3.85 EPS for the current fiscal year.
Brookfield Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, June 13th. Brookfield's dividend payout ratio (DPR) is currently 128.57%.
About Brookfield
(
Free Report)
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.
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