Timber Creek Capital Management LLC Buys 8,414 Shares of Brookfield Corporation (NYSE:BN)

Timber Creek Capital Management LLC increased its position in shares of Brookfield Corporation (NYSE:BN - Free Report) by 5.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,047 shares of the company's stock after acquiring an additional 8,414 shares during the quarter. Brookfield comprises approximately 2.3% of Timber Creek Capital Management LLC's investment portfolio, making the stock its 12th biggest holding. Timber Creek Capital Management LLC's holdings in Brookfield were worth $8,493,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Brookfield in the 4th quarter valued at about $973,591,000. Geode Capital Management LLC boosted its holdings in shares of Brookfield by 32.0% in the 4th quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock valued at $460,489,000 after buying an additional 1,930,218 shares during the last quarter. Capital World Investors lifted its stake in Brookfield by 3.1% in the fourth quarter. Capital World Investors now owns 59,020,303 shares of the company's stock valued at $3,390,786,000 after acquiring an additional 1,782,034 shares during the last quarter. Bessemer Group Inc. lifted its stake in Brookfield by 51.9% in the 4th 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 last quarter. Finally, FIL Ltd lifted its position in shares of Brookfield by 8.8% in the fourth quarter. FIL Ltd now owns 20,354,516 shares of the company's stock valued at $1,169,912,000 after buying an additional 1,640,903 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on BN shares. TD Securities decreased their price objective on Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a report on Monday, May 5th. CIBC dropped their price target on Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th. Wall Street Zen upgraded Brookfield from a "sell" rating to a "hold" rating in a research report on Sunday, June 8th. Scotiabank reduced their target price on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. Finally, Royal Bank Of Canada assumed coverage on Brookfield in a report on Wednesday, June 18th. They set an "outperform" rating and a $81.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Brookfield currently has an average rating of "Moderate Buy" and a consensus target price of $66.13.

Brookfield Price Performance

Shares of NYSE:BN opened at $64.35 on Friday. Brookfield Corporation has a fifty-two week low of $42.21 and a fifty-two week high of $64.30. The company's 50-day moving average is $58.23 and its 200 day moving average is $56.28. 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 company has a market capitalization of $106.05 billion, a P/E ratio of 229.82 and a beta of 1.66.

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, 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 company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. On average, equities research analysts forecast that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Dividend Announcement

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

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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