Pictet North America Advisors SA Buys Shares of 405,659 Brookfield Corporation $BN

Key Points

• Pictet North America Advisors SA initiated a new position in Brookfield (NYSE:BN), buying 405,659 shares valued at about $18.65 million, which represents 1.8% of Pictet's holdings and makes BN its 19th-largest holding.
• Other institutions also increased exposure—most notably Capital Advisors Inc. OK raised its stake to 1,294,410 shares (≈$59.4 million)—and institutional investors now own about 61.60% of Brookfield's stock.
• Operationally, Brookfield beat quarterly EPS estimates ($0.67 vs. $0.61), raised its quarterly dividend to $0.07 (annualized $0.28, ~0.7% yield), and the stock trades near $40.74 with a 52-week range of $29.07–$49.56 and a consensus rating of "Moderate Buy" (target $54.20).

Pictet North America Advisors SA bought a new position in Brookfield Corporation (NYSE:BN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 405,659 shares of the company's stock, valued at approximately $18,650,000. Brookfield accounts for 1.8% of Pictet North America Advisors SA's holdings, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Five Oceans Advisors lifted its stake in Brookfield by 50.0% in the fourth quarter. Five Oceans Advisors now owns 4,822 shares of the company's stock worth $221,000 after acquiring an additional 1,607 shares during the period. Legacy Capital Wealth Partners LLC increased its position in Brookfield by 49.7% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 6,325 shares of the company's stock valued at $290,000 after purchasing an additional 2,099 shares during the period. CRA Financial Services LLC increased its position in Brookfield by 50.0% during the 4th quarter. CRA Financial Services LLC now owns 12,150 shares of the company's stock valued at $558,000 after purchasing an additional 4,050 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Brookfield by 29.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,446 shares of the company's stock valued at $571,000 after purchasing an additional 2,832 shares in the last quarter. Finally, Capital Advisors Inc. OK raised its holdings in shares of Brookfield by 53.9% in the 4th quarter. Capital Advisors Inc. OK now owns 1,294,410 shares of the company's stock valued at $59,400,000 after purchasing an additional 453,454 shares in the last quarter. Institutional investors own 61.60% of the company's stock.

Brookfield Stock Up 0.7%

NYSE:BN opened at $40.74 on Thursday. The company's 50-day simple moving average is $43.53 and its 200-day simple moving average is $45.14. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.21 and a current ratio of 1.32. Brookfield Corporation has a fifty-two week low of $29.07 and a fifty-two week high of $49.56. The stock has a market capitalization of $99.84 billion, a P/E ratio of 82.58 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 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.06. The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. On average, equities analysts anticipate that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BN shares. Scotiabank dropped their price objective on shares of Brookfield from $52.00 to $48.50 and set a "sector outperform" rating on the stock in a research note on Wednesday, March 25th. BMO Capital Markets boosted their price objective 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. Morgan Stanley restated an "overweight" rating and set a $60.00 target price on shares of Brookfield in a report on Tuesday, February 17th. Royal Bank Of Canada increased their target price on Brookfield from $49.00 to $51.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Brookfield in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.20.

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.

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