Schwartz Investment Counsel Inc. Has $18.07 Million Position in Brookfield Corporation (NYSE:BN)

Schwartz Investment Counsel Inc. boosted its holdings in Brookfield Corporation (NYSE:BN - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 344,720 shares of the company's stock after buying an additional 8,500 shares during the period. Schwartz Investment Counsel Inc.'s holdings in Brookfield were worth $18,067,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BN. Norges Bank bought a new position in Brookfield in the 4th quarter worth approximately $973,591,000. Regents of The University of California bought a new stake in shares of Brookfield during the fourth quarter valued at approximately $154,140,000. Geode Capital Management LLC increased its position in shares of Brookfield by 32.0% during the fourth quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock valued at $460,489,000 after purchasing an additional 1,930,218 shares during the period. Capital World Investors increased its position in shares of Brookfield by 3.1% during the fourth quarter. Capital World Investors now owns 59,020,303 shares of the company's stock valued at $3,390,786,000 after purchasing an additional 1,782,034 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of Brookfield by 51.9% during the fourth quarter. Bessemer Group Inc. now owns 4,839,267 shares of the company's stock valued at $278,016,000 after purchasing an additional 1,652,935 shares during the period. 61.60% of the stock is owned by institutional investors.

Brookfield Stock Performance

Shares of Brookfield stock opened at $61.62 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.30 and a quick ratio of 1.18. The firm has a market cap of $101.54 billion, a P/E ratio of 220.05 and a beta of 1.66. The firm has a 50 day simple moving average of $57.26 and a 200 day simple moving average of $56.19. Brookfield Corporation has a fifty-two week low of $40.82 and a fifty-two week high of $62.78.

Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.08. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Sell-side analysts predict that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.58%. The ex-dividend date is Friday, June 13th. Brookfield's payout ratio is 128.57%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BN. Morgan Stanley restated an "overweight" rating on shares of Brookfield in a research report on Monday, May 19th. CIBC lowered their price objective on Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. JPMorgan Chase & Co. lowered their price objective on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. TD Securities lowered their price target on Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. 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 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Brookfield currently has a consensus rating of "Moderate Buy" and an average target price of $66.13.

Brookfield Profile

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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