Vontobel Holding Ltd. Acquires Shares of 9,480 Brookfield Corporation (NYSE:BN)

Vontobel Holding Ltd. bought a new position in shares of Brookfield Corporation (NYSE:BN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,480 shares of the company's stock, valued at approximately $496,000.

Several other large investors have also added to or reduced their stakes in BN. Jones Financial Companies Lllp lifted its stake in Brookfield by 55.4% in the fourth quarter. Jones Financial Companies Lllp now owns 8,263 shares of the company's stock valued at $475,000 after acquiring an additional 2,945 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Brookfield during the 4th quarter worth about $108,000. Raymond James Financial Inc. acquired a new stake in shares of Brookfield during the 4th quarter worth about $82,795,000. Vestmark Advisory Solutions Inc. lifted its stake in shares of Brookfield by 89.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 12,035 shares of the company's stock worth $691,000 after buying an additional 5,677 shares during the last quarter. Finally, Callan Family Office LLC lifted its stake in shares of Brookfield by 21.1% during the 4th quarter. Callan Family Office LLC now owns 13,088 shares of the company's stock worth $752,000 after buying an additional 2,278 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company's stock.

Brookfield Price Performance

Shares of Brookfield stock traded down $1.35 on Monday, reaching $62.95. The stock had a trading volume of 2,127,069 shares, compared to its average volume of 2,451,127. Brookfield Corporation has a 1 year low of $42.21 and a 1 year high of $64.76. The company has a market cap of $103.74 billion, a P/E ratio of 224.82 and a beta of 1.66. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. The business's 50 day moving average is $58.45 and its two-hundred day moving average is $56.33.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.98 earnings per share 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 for the quarter, compared to analysts' expectations of $1.36 billion. As a group, research analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.57%. The ex-dividend date was Friday, June 13th. Brookfield's dividend payout ratio (DPR) is currently 128.57%.

Analysts Set New Price Targets

BN has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Brookfield in a research report on Monday, May 19th. Wall Street Zen raised shares of Brookfield from a "sell" rating to a "hold" rating in a research note on Sunday, June 8th. CIBC cut their target price on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. Royal Bank Of Canada began coverage on shares of Brookfield in a research report on Wednesday, June 18th. They issued an "outperform" rating and a $81.00 price target on the stock. Finally, Scotiabank lowered their price objective on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $66.13.

About Brookfield

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.