Trust Co. of Vermont Makes New $1.80 Million Investment in Brookfield Corporation $BN

Key Points

• Trust Co. of Vermont acquired 42,372 Brookfield shares during the second quarter, valued at approximately $1.81 million. Institutional investors collectively own 61.6% of the company.
• Analysts remain broadly bullish on Brookfield, with a consensus “Buy” rating and a $56.91 price target; recent targets range from $59 to $62.
• Brookfield beat quarterly earnings expectations, reporting $0.66 per share versus $0.62 forecast, and announced a quarterly dividend of $0.07 per share, representing a 0.7% annualized yield.

Trust Co. of Vermont acquired a new stake in Brookfield Corporation (NYSE:BN - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 42,372 shares of the company's stock, valued at approximately $1,805,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BN. Partners Value Investments L.P. increased its holdings in Brookfield by 50.0% in the fourth quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company's stock worth $8,324,719,000 after purchasing an additional 60,468,651 shares in the last quarter. Dodge & Cox bought a new position in shares of Brookfield during the 4th quarter worth approximately $1,894,354,000. Royal Bank of Canada grew its position in shares of Brookfield by 40.5% during the 4th quarter. Royal Bank of Canada now owns 113,652,306 shares of the company's stock worth $5,215,504,000 after buying an additional 32,760,558 shares during the period. Vanguard Group Inc. increased its stake in shares of Brookfield by 52.1% in the 4th quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company's stock valued at $4,228,915,000 after acquiring an additional 31,543,313 shares in the last quarter. Finally, Capital World Investors increased its stake in shares of Brookfield by 45.0% in the 4th quarter. Capital World Investors now owns 99,069,016 shares of the company's stock valued at $4,546,443,000 after acquiring an additional 30,755,354 shares in the last quarter. Institutional investors own 61.60% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BN. TD Securities reissued a "buy" rating and set a $60.00 target price on shares of Brookfield in a research note on Tuesday, May 19th. BMO Capital Markets raised shares of Brookfield to a "strong-buy" rating in a research note on Monday, July 27th. Morgan Stanley set a $59.00 price objective on shares of Brookfield and gave the company an "overweight" rating in a report on Tuesday, July 21st. TD increased their price objective on shares of Brookfield from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their target price on Brookfield from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $56.91.

Brookfield Price Performance

Shares of BN opened at $42.82 on Tuesday. Brookfield Corporation has a 12-month low of $37.93 and a 12-month high of $49.56. The business's fifty day moving average is $43.60 and its 200 day moving average is $43.90. The company has a quick ratio of 1.22, a current ratio of 1.34 and a debt-to-equity ratio of 1.54. The stock has a market cap of $104.99 billion, a P/E ratio of 77.85 and a beta of 1.54.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.04. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. Sell-side analysts anticipate that Brookfield Corporation will post 2.99 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. Brookfield's payout ratio is presently 50.91%.

About Brookfield

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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