Brookfield Corporation (NYSE:BN) Shares Acquired by WCM Investment Management LLC

WCM Investment Management LLC boosted its position in Brookfield Corporation (NYSE:BN - Free Report) by 35.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 79,795 shares of the company's stock after purchasing an additional 20,807 shares during the period. WCM Investment Management LLC's holdings in Brookfield were worth $4,137,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of Brookfield in the fourth quarter worth about $973,591,000. Geode Capital Management LLC grew its holdings in Brookfield by 32.0% during the 4th quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock worth $460,489,000 after acquiring an additional 1,930,218 shares during the period. Capital World Investors lifted its stake in Brookfield by 3.1% in the fourth quarter. Capital World Investors now owns 59,020,303 shares of the company's stock valued at $3,390,786,000 after buying an additional 1,782,034 shares during the period. Bessemer Group Inc. grew its holdings in Brookfield by 51.9% in the fourth quarter. Bessemer Group Inc. now owns 4,839,267 shares of the company's stock worth $278,016,000 after purchasing an additional 1,652,935 shares during the period. Finally, FIL Ltd increased its position in Brookfield by 8.8% in the 4th quarter. FIL Ltd now owns 20,354,516 shares of the company's stock valued at $1,169,912,000 after buying an additional 1,640,903 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Royal Bank Of Canada began coverage on shares of Brookfield in a report on Wednesday, June 18th. They set an "outperform" rating and a $81.00 target price on the stock. Scotiabank decreased their price objective on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 7th. Morgan Stanley reiterated an "overweight" rating on shares of Brookfield in a research report on Monday, May 19th. Finally, Wall Street Zen upgraded shares of Brookfield from a "sell" rating to a "hold" rating in a research report on Sunday, June 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $66.13.

Brookfield Trading Up 2.7%

NYSE BN traded up $1.72 during trading on Thursday, hitting $64.35. The stock had a trading volume of 1,725,633 shares, compared to its average volume of 2,442,131. The stock has a 50 day simple moving average of $58.00 and a 200 day simple moving average of $56.24. The stock has a market capitalization of $106.05 billion, a price-to-earnings ratio of 229.82 and a beta of 1.66. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.30. Brookfield Corporation has a one year low of $42.21 and a one year high of $64.50.

Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.36 billion. Sell-side analysts predict that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.09 per share. The ex-dividend date was Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.56%. Brookfield's dividend payout ratio is presently 128.57%.

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.