Brookfield Corporation $BN Shares Acquired by Carmel Capital Partners LLC

Carmel Capital Partners LLC boosted its stake in Brookfield Corporation (NYSE:BN) by 129.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,913 shares of the company’s stock after acquiring an additional 38,880 shares during the period. Brookfield accounts for 1.1% of Carmel Capital Partners LLC’s portfolio, making the stock its 24th largest position. Carmel Capital Partners LLC’s holdings in Brookfield were worth $3,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. increased its position in shares of Brookfield by 49.9% in the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock worth $37,000 after purchasing an additional 270 shares during the last quarter. UBS Group AG lifted its position in shares of Brookfield by 42.2% during the fourth quarter. UBS Group AG now owns 2,475,051 shares of the company’s stock worth $113,580,000 after purchasing an additional 734,597 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Brookfield by 42.4% during the fourth quarter. Sanctuary Advisors LLC now owns 75,707 shares of the company’s stock worth $3,478,000 after purchasing an additional 22,528 shares during the last quarter. Quent Capital LLC grew its stake in Brookfield by 318.1% in the fourth quarter. Quent Capital LLC now owns 12,697 shares of the company’s stock worth $583,000 after purchasing an additional 9,660 shares in the last quarter. Finally, Advisors Capital Management LLC grew its stake in Brookfield by 50.0% in the fourth quarter. Advisors Capital Management LLC now owns 11,160 shares of the company’s stock worth $512,000 after purchasing an additional 3,720 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BN. Morgan Stanley restated an “overweight” rating and set a $61.00 price objective (up from $60.00) on shares of Brookfield in a research note on Tuesday. BMO Capital Markets lifted their target price on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Scotiabank lowered their price target on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a report on Wednesday, March 25th. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, National Bank Financial raised their price objective on Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. One 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.65.

Brookfield Stock Performance

BN stock opened at $45.54 on Friday. Brookfield Corporation has a 1 year low of $34.88 and a 1 year high of $49.56. The stock has a market capitalization of $111.62 billion, a price-to-earnings ratio of 92.32 and a beta of 1.56. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.21 and a current ratio of 1.32. The stock’s fifty day moving average is $42.68 and its two-hundred day moving average is $44.87.

Brookfield (NYSE:BN) last released its quarterly 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 net margin of 1.74% and a return on equity of 3.90%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. On average, research analysts predict that Brookfield Corporation will post 2.95 EPS for the current year.

Brookfield Increases Dividend

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

Brookfield Company Profile

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.