Sava Infond d.o.o. Invests $1.20 Million in Brookfield Corporation $BN

Key Points

• Sava Infond d.o.o. bought a new position of 26,130 Brookfield shares (about $1.2 million) in the fourth quarter, per its SEC disclosure.
• Brokerages collectively rate Brookfield as a “Moderate Buy” with an average target of $55.65; RBC and Morgan Stanley recently raised targets to $63 and $61 while maintaining positive ratings.
• Brookfield raised its quarterly dividend from $0.06 to $0.07 (annualized $0.28, ~0.6% yield) and reported Q4 EPS of $0.67, beating estimates by $0.06.

Sava Infond d.o.o. purchased a new position in shares of Brookfield Corporation (NYSE:BN - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 26,130 shares of the company's stock, valued at approximately $1,199,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Corp purchased a new stake in shares of Brookfield during the 3rd quarter worth about $40,000. Exchange Traded Concepts LLC purchased a new stake in shares of Brookfield during the 4th quarter worth about $27,000. Versant Capital Management Inc raised its stake in shares of Brookfield by 507.5% during the 3rd quarter. Versant Capital Management Inc now owns 650 shares of the company's stock worth $45,000 after purchasing an additional 543 shares in the last quarter. Hilltop National Bank raised its stake in shares of Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company's stock worth $33,000 after purchasing an additional 241 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its stake in shares of Brookfield by 38.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company's stock worth $60,000 after purchasing an additional 243 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BN. Weiss Ratings reissued a "hold (c)" rating on shares of Brookfield in a report on Friday, March 27th. Zacks Research raised Brookfield from a "strong sell" rating to a "hold" rating in a report on Monday, January 19th. Wall Street Zen raised Brookfield from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. Royal Bank Of Canada increased their price objective on Brookfield from $60.00 to $63.00 and gave the company an "outperform" rating in a report on Monday, April 20th. Finally, Morgan Stanley reissued an "overweight" rating and set a $61.00 price objective (up from $60.00) on shares of Brookfield in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Brookfield has an average rating of "Moderate Buy" and an average target price of $55.65.

Brookfield Stock Performance

BN opened at $45.54 on Friday. The firm has a market capitalization of $111.62 billion, a P/E ratio of 92.32 and a beta of 1.56. The stock's 50 day moving average price is $42.68 and its two-hundred day moving average price is $44.88. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. Brookfield Corporation has a 12-month low of $34.88 and a 12-month high of $49.56.

Brookfield (NYSE:BN - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.06. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. Brookfield had a return on equity of 3.90% and a net margin of 1.74%. On average, equities analysts forecast that Brookfield Corporation will post 2.95 earnings per share for the current year.

Brookfield Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a $0.07 dividend. This is an increase from Brookfield's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. Brookfield's payout ratio is 57.14%.

Brookfield Company 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.