Oppenheimer & Co. Inc. Increases Stock Holdings in Brookfield Corporation $BN

Oppenheimer & Co. Inc. lifted its position in Brookfield Corporation (NYSE:BN) by 39.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,369 shares of the company’s stock after purchasing an additional 30,690 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Brookfield were worth $4,973,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Chemistry Wealth Management LLC grew its holdings in shares of Brookfield by 51.6% in the 4th quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company’s stock worth $20,082,000 after acquiring an additional 148,893 shares during the period. Triasima Portfolio Management inc. grew its holdings in shares of Brookfield by 9.0% in the 3rd quarter. Triasima Portfolio Management inc. now owns 288,866 shares of the company’s stock worth $19,825,000 after acquiring an additional 23,923 shares during the period. PCJ Investment Counsel Ltd. grew its holdings in shares of Brookfield by 110.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company’s stock worth $15,966,000 after acquiring an additional 122,040 shares during the period. Florida Trust Wealth Management Co grew its holdings in shares of Brookfield by 49.0% in the 4th quarter. Florida Trust Wealth Management Co now owns 1,176,417 shares of the company’s stock worth $53,986,000 after acquiring an additional 387,068 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of Brookfield by 49.5% in the 3rd quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock worth $45,817,000 after acquiring an additional 221,078 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BN shares. Scotiabank lowered their price target on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating on the stock in a report on Wednesday, March 25th. National Bank Financial upped their price target on Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Morgan Stanley reaffirmed an “overweight” rating and issued a $61.00 target price (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. BMO Capital Markets upped their target price on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Royal Bank Of Canada upped their target price on Brookfield from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Brookfield has an average rating of “Moderate Buy” and an average price target of $55.65.

Brookfield Stock Performance

Shares of NYSE BN opened at $45.25 on Friday. The company has a market cap of $110.88 billion, a PE ratio of 91.71 and a beta of 1.55. Brookfield Corporation has a 12 month low of $35.95 and a 12 month high of $49.56. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.21. The company has a 50-day simple moving average of $42.45 and a 200-day simple moving average of $44.87.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. On average, equities analysts anticipate that Brookfield Corporation will post 2.95 earnings per share for the current year.

Brookfield Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Brookfield’s previous quarterly dividend of $0.06. Brookfield’s dividend payout ratio is currently 57.14%.

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.