Mraz Amerine & Associates Inc. Buys 13,401 Shares of Brookfield Corporation $BN

Mraz Amerine & Associates Inc. increased its stake in shares of Brookfield Corporation (NYSE:BN) by 3.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 466,698 shares of the company’s stock after acquiring an additional 13,401 shares during the period. Brookfield comprises approximately 2.8% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 11th largest holding. Mraz Amerine & Associates Inc.’s holdings in Brookfield were worth $19,877,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Partners Value Investments L.P. raised its stake in shares of Brookfield by 50.0% during the 4th quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock worth $8,324,719,000 after purchasing an additional 60,468,651 shares in the last quarter. Dodge & Cox acquired a new position in Brookfield during the fourth quarter worth $1,894,354,000. Royal Bank of Canada increased its holdings in Brookfield by 40.5% during the fourth quarter. Royal Bank of Canada now owns 113,652,306 shares of the company’s stock worth $5,215,504,000 after buying an additional 32,760,558 shares during the last quarter. Capital World Investors raised its position in Brookfield by 45.0% during the fourth quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock worth $4,546,443,000 after acquiring an additional 30,755,354 shares in the last quarter. Finally, Norges Bank acquired a new stake in Brookfield in the fourth quarter valued at $1,227,555,000. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BN shares. Scotia boosted their price objective on shares of Brookfield from $53.00 to $54.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 14th. JPMorgan Chase & Co. raised their target price on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. National Bank Financial lifted their price target on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. TD Securities restated a “buy” rating and issued a $60.00 price objective on shares of Brookfield in a research note on Tuesday, May 19th. Finally, BMO Capital Markets raised Brookfield to a “strong-buy” rating in a research report on Monday, July 27th. One equities research 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’s stock. Based on data from MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and an average target price of $57.40.

Brookfield Price Performance

Brookfield stock traded down $1.02 during mid-day trading on Tuesday, reaching $39.29. 5,191,553 shares of the company were exchanged, compared to its average volume of 5,061,004. The firm has a market cap of $96.32 billion, a PE ratio of 71.43 and a beta of 1.53. The company has a fifty day simple moving average of $42.67 and a 200-day simple moving average of $43.33. Brookfield Corporation has a 12 month low of $37.93 and a 12 month high of $49.56. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.34 and a quick ratio of 1.22.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.04. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.66 billion. As a group, equities research analysts expect that Brookfield Corporation will post 2.93 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 14th. Brookfield’s dividend payout ratio is currently 50.91%.

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.