Swiss Life Asset Management Ltd Increases Stock Holdings in Brookfield Corporation $BN

Swiss Life Asset Management Ltd lifted its position in shares of Brookfield Corporation (NYSE:BN) by 68.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 317,701 shares of the company’s stock after buying an additional 129,559 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Brookfield were worth $14,585,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new position in Brookfield during the 4th quarter valued at about $27,000. Hilltop National Bank lifted its holdings in shares of Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares in the last quarter. New England Capital Financial Advisors LLC lifted its holdings in shares of Brookfield by 50.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 251 shares in the last quarter. ST Germain D J Co. Inc. grew its position in shares of Brookfield by 49.9% in the fourth quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after purchasing an additional 270 shares during the last quarter. Finally, First Horizon Corp acquired a new stake in shares of Brookfield in the third quarter valued at approximately $40,000. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BN shares. Morgan Stanley restated an “overweight” rating and set a $61.00 price objective (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. Zacks Research upgraded Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. BMO Capital Markets raised their price target on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. National Bank Financial boosted 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. Finally, Wall Street Zen upgraded Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Brookfield has an average rating of “Moderate Buy” and a consensus price target of $55.65.

Brookfield Stock Performance

NYSE:BN opened at $46.29 on Tuesday. 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 firm has a market cap of $113.45 billion, a PE ratio of 93.83 and a beta of 1.55. The firm has a 50 day simple moving average of $42.58 and a 200-day simple moving average of $44.92. Brookfield Corporation has a 1-year low of $37.54 and a 1-year high of $49.56.

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

Brookfield Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were given a $0.07 dividend. This is an increase from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 17th. Brookfield’s dividend payout ratio (DPR) is presently 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.