UBS Group AG Has $113.58 Million Position in Brookfield Corporation $BN

Key Points

• UBS Group AG increased its stake in Brookfield by 42.2% in Q4, adding 734,597 shares to hold 2,475,051 shares worth $113.58 million (about 0.10% ownership).
• Research firms have been raising ratings and targets on BN; the stock carries a consensus “Moderate Buy” with a $55.65 average target after upgrades from RBC, BMO and Morgan Stanley, among others.
• Brookfield beat Q4 EPS estimates ($0.67 vs. $0.61) and raised its quarterly dividend to $0.07 (annualized $0.28, yield ~0.6%), signaling modest income and earnings improvement.

UBS Group AG boosted its position in Brookfield Corporation (NYSE:BN - Free Report) by 42.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,475,051 shares of the company's stock after purchasing an additional 734,597 shares during the period. UBS Group AG owned 0.10% of Brookfield worth $113,580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Corp acquired a new stake in shares of Brookfield in the third quarter valued at about $40,000. Exchange Traded Concepts LLC acquired a new stake in shares of Brookfield in the fourth quarter valued at about $27,000. Versant Capital Management Inc increased its stake in shares of Brookfield by 507.5% in the third quarter. Versant Capital Management Inc now owns 650 shares of the company's stock valued at $45,000 after buying an additional 543 shares during the period. Hilltop National Bank increased its stake in shares of Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company's stock valued at $33,000 after buying an additional 241 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Brookfield by 38.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company's stock valued at $60,000 after buying an additional 243 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.

Analyst Upgrades and Downgrades

BN has been the subject of several recent research reports. Royal Bank Of Canada increased their price target on Brookfield from $60.00 to $63.00 and gave the company an "outperform" rating in a research note on Monday, April 20th. Wall Street Zen raised Brookfield from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. Zacks Research raised Brookfield from a "strong sell" rating to a "hold" rating in a research note on Monday, January 19th. BMO Capital Markets raised their target price on Brookfield from $49.00 to $51.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $61.00 target price (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Brookfield currently has an average rating of "Moderate Buy" and a consensus target price of $55.65.

Brookfield Trading Up 0.3%

NYSE BN opened at $45.25 on Friday. The business has a 50 day simple moving average of $42.45 and a 200 day simple moving average of $44.87. Brookfield Corporation has a one year low of $35.95 and a one year high of $49.56. The stock has a market capitalization of $110.88 billion, a P/E ratio of 91.71 and a beta of 1.55. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.21.

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

Brookfield Increases Dividend

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

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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