XTX Topco Ltd Purchases 37,341 Shares of Brookfield Corporation (NYSE:BN)

XTX Topco Ltd lifted its stake in shares of Brookfield Corporation (NYSE:BN - Free Report) by 214.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,729 shares of the company's stock after purchasing an additional 37,341 shares during the period. XTX Topco Ltd's holdings in Brookfield were worth $2,868,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors raised its stake in Brookfield by 3.1% in the 4th quarter. Capital World Investors now owns 59,020,303 shares of the company's stock valued at $3,390,786,000 after acquiring an additional 1,782,034 shares during the period. TD Asset Management Inc raised its stake in Brookfield by 1.5% in the 1st quarter. TD Asset Management Inc now owns 24,584,311 shares of the company's stock valued at $1,286,395,000 after acquiring an additional 354,171 shares during the period. FIL Ltd raised its stake 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 acquiring an additional 1,640,903 shares during the period. The Manufacturers Life Insurance Company raised its stake in Brookfield by 1.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 11,866,447 shares of the company's stock valued at $682,497,000 after acquiring an additional 129,735 shares during the period. Finally, Geode Capital Management LLC raised its stake in Brookfield by 32.0% in the 4th quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock valued at $460,489,000 after acquiring an additional 1,930,218 shares during the period. Institutional investors own 61.60% of the company's stock.

Brookfield Trading Down 2.6%

BN stock traded down $1.73 during mid-day trading on Friday, reaching $65.32. The company's stock had a trading volume of 2,751,654 shares, compared to its average volume of 2,651,046. The company has a market cap of $107.70 billion, a price-to-earnings ratio of 233.29 and a beta of 1.66. Brookfield Corporation has a 12 month low of $42.21 and a 12 month high of $68.75. The business's 50 day moving average price is $61.85 and its 200 day moving average price is $57.46. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49.

Brookfield (NYSE:BN - Get Free Report) last announced its earnings results 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 return on equity of 4.20% and a net margin of 0.76%. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.36 billion. On average, equities research analysts predict that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, June 13th. Brookfield's dividend payout ratio is currently 128.57%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BN. Scotiabank restated an "outperform" rating and issued a $75.00 price target (up previously from $69.00) on shares of Brookfield in a research note on Wednesday. Morgan Stanley reaffirmed an "overweight" rating on shares of Brookfield in a report on Monday, May 19th. CIBC decreased their price objective on Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a report on Friday, May 9th. Royal Bank Of Canada assumed coverage on Brookfield in a report on Wednesday, June 18th. They issued an "outperform" rating and a $81.00 price objective on the stock. Finally, National Bank Financial assumed coverage on Brookfield in a report on Tuesday. They issued an "outperform" rating and a $82.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.00.

Brookfield Company Profile

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.