Triasima Portfolio Management inc. Has $19.40 Million Stake in Brookfield Corporation (NYSE:BN)

Triasima Portfolio Management inc. reduced its stake in shares of Brookfield Corporation (NYSE:BN - Free Report) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 370,672 shares of the company's stock after selling 16,798 shares during the quarter. Brookfield comprises approximately 3.8% of Triasima Portfolio Management inc.'s holdings, making the stock its 2nd largest position. Triasima Portfolio Management inc.'s holdings in Brookfield were worth $19,396,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Graybill Wealth Management LTD. bought a new position in Brookfield during the first quarter valued at about $7,093,000. Massachusetts Financial Services Co. MA grew its position in Brookfield by 1.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,524,840 shares of the company's stock valued at $132,327,000 after purchasing an additional 30,680 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Brookfield by 46.7% in the first quarter. SBI Securities Co. Ltd. now owns 2,760 shares of the company's stock worth $145,000 after acquiring an additional 878 shares during the last quarter. Signaturefd LLC raised its stake in shares of Brookfield by 22.0% during the 1st quarter. Signaturefd LLC now owns 10,255 shares of the company's stock worth $537,000 after purchasing an additional 1,846 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its position in Brookfield by 15.6% during the first quarter. Bleakley Financial Group LLC now owns 23,992 shares of the company's stock valued at $1,257,000 after acquiring an additional 3,232 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Trading Up 3.6%

NYSE:BN traded up $2.37 during trading hours on Thursday, hitting $68.16. The stock had a trading volume of 4,095,104 shares, compared to its average volume of 2,458,664. The business's 50 day moving average is $59.91 and its 200-day moving average is $56.69. 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 cap of $112.33 billion, a price-to-earnings ratio of 243.34 and a beta of 1.66. Brookfield Corporation has a one year low of $42.21 and a one year high of $68.27.

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

Brookfield Announces Dividend

The firm also recently announced 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 0.53%. Brookfield's dividend payout ratio is currently 128.57%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Royal Bank Of Canada began coverage on Brookfield in a report on Wednesday, June 18th. They set an "outperform" rating and a $81.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Morgan Stanley reaffirmed an "overweight" rating on shares of Brookfield in a report on Monday, May 19th. Wall Street Zen cut shares of Brookfield from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Finally, CIBC lowered their target price on Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Brookfield presently 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.