Mraz Amerine & Associates Inc. Boosts Holdings in Brookfield Corporation (NYSE:BN)

Mraz Amerine & Associates Inc. raised its position in Brookfield Corporation (NYSE:BN - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,284 shares of the company's stock after buying an additional 24,757 shares during the quarter. Brookfield comprises about 1.9% of Mraz Amerine & Associates Inc.'s holdings, making the stock its 11th largest position. Mraz Amerine & Associates Inc.'s holdings in Brookfield were worth $11,318,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Strategic Wealth Partners Ltd. increased its stake in Brookfield by 1.7% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 10,229 shares of the company's stock worth $618,000 after acquiring an additional 170 shares during the last quarter. Haverford Trust Co grew its holdings in shares of Brookfield by 4.7% during the fourth quarter. Haverford Trust Co now owns 4,308 shares of the company's stock worth $247,000 after purchasing an additional 192 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in shares of Brookfield by 1.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock worth $955,000 after purchasing an additional 197 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in Brookfield by 2.9% in the first quarter. Checchi Capital Advisers LLC now owns 7,375 shares of the company's stock valued at $387,000 after purchasing an additional 209 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in Brookfield by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock valued at $250,000 after purchasing an additional 240 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Trading Up 2.2%

Shares of BN stock traded up $1.37 on Thursday, hitting $63.94. 1,339,606 shares of the company's stock traded hands, compared to its average volume of 2,456,450. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.30. Brookfield Corporation has a one year low of $42.21 and a one year high of $64.55. The company's fifty day simple moving average is $59.00 and its 200 day simple moving average is $56.46. The stock has a market capitalization of $105.38 billion, a price-to-earnings ratio of 228.48 and a beta of 1.66.

Brookfield (NYSE:BN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $1.36 billion. Equities analysts forecast that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Friday, June 13th. Brookfield's payout ratio is 128.57%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BN. Wall Street Zen upgraded shares of Brookfield from a "sell" rating to a "hold" rating in a research report on Sunday, June 8th. Scotiabank lowered their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 7th. TD Securities cut their price objective on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a report on Monday, May 5th. Morgan Stanley reissued an "overweight" rating on shares of Brookfield in a report on Monday, May 19th. Finally, Royal Bank Of Canada started coverage on Brookfield in a research report on Wednesday, June 18th. They issued an "outperform" rating and a $81.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.