Vanguard Group Inc. Acquires 31,543,313 Shares of Brookfield Corporation $BN

Vanguard Group Inc. grew its stake in shares of Brookfield Corporation (NYSE:BN - Free Report) by 52.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,103,120 shares of the company's stock after buying an additional 31,543,313 shares during the quarter. Vanguard Group Inc. owned 3.72% of Brookfield worth $4,228,915,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. AQR Capital Management LLC grew its holdings in Brookfield by 147.5% in the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company's stock worth $963,000 after acquiring an additional 11,069 shares during the last quarter. NewEdge Advisors LLC boosted its position in Brookfield by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company's stock valued at $130,000 after acquiring an additional 295 shares in the last quarter. Sivia Capital Partners LLC boosted its position in Brookfield by 32.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company's stock valued at $353,000 after acquiring an additional 1,396 shares in the last quarter. AXA S.A. boosted its position in Brookfield by 42.2% during the 2nd quarter. AXA S.A. now owns 103,531 shares of the company's stock valued at $6,403,000 after acquiring an additional 30,703 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in Brookfield by 29.6% during the 2nd quarter. Squarepoint Ops LLC now owns 25,502 shares of the company's stock valued at $1,577,000 after acquiring an additional 5,821 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Stock Down 1.3%

Shares of NYSE:BN opened at $44.89 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.51. Brookfield Corporation has a 12 month low of $34.88 and a 12 month high of $49.56. The company has a 50-day moving average price of $42.63 and a 200 day moving average price of $44.87. The company has a market cap of $110.00 billion, a price-to-earnings ratio of 90.98 and a beta of 1.56.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.06. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. As a group, equities research analysts predict that Brookfield Corporation will post 2.95 earnings per share for the current year.

Brookfield Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This is a positive change 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 57.14%.

Wall Street Analyst Weigh In

BN has been the topic of a number of analyst reports. Morgan Stanley reissued an "overweight" rating and issued a $61.00 price target (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. Royal Bank Of Canada boosted their target price on shares of Brookfield from $60.00 to $63.00 and gave the company an "outperform" rating in a research note on Monday, April 20th. National Bank Financial boosted their target price on shares of Brookfield from $56.00 to $59.00 and gave the company an "outperform" rating in a research note on Wednesday, February 4th. BMO Capital Markets upped their price objective on Brookfield from $49.00 to $51.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. Finally, Wall Street Zen upgraded Brookfield from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $55.65.

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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