Hillsdale Investment Management Inc. Boosts Stock Holdings in Brookfield Corporation $BN

Hillsdale Investment Management Inc. lifted its position in Brookfield Corporation (NYSE:BN) by 37.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 501,374 shares of the company’s stock after purchasing an additional 136,425 shares during the period. Brookfield comprises approximately 1.0% of Hillsdale Investment Management Inc.’s portfolio, making the stock its 22nd biggest holding. Hillsdale Investment Management Inc.’s holdings in Brookfield were worth $34,393,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BN. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Brookfield by 160.9% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,614 shares of the company’s stock valued at $659,000 after purchasing an additional 5,929 shares in the last quarter. Kovack Advisors Inc. grew its position in Brookfield by 32.4% during the 3rd quarter. Kovack Advisors Inc. now owns 12,076 shares of the company’s stock valued at $828,000 after purchasing an additional 2,954 shares during the last quarter. L & S Advisors Inc bought a new stake in shares of Brookfield during the third quarter valued at approximately $2,539,000. Synovus Financial Corp increased its holdings in shares of Brookfield by 1.0% in the 3rd quarter. Synovus Financial Corp now owns 88,335 shares of the company’s stock worth $6,058,000 after purchasing an additional 880 shares in the last quarter. Finally, NewEdge Wealth LLC increased its holdings in Brookfield by 63.8% in the 3rd quarter. NewEdge Wealth LLC now owns 23,508 shares of the company’s stock worth $1,612,000 after buying an additional 9,154 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Brookfield Trading Down 0.4%

Shares of NYSE BN opened at $45.98 on Friday. Brookfield Corporation has a 1-year low of $29.07 and a 1-year high of $49.56. The stock has a market capitalization of $112.65 billion, a P/E ratio of 93.21 and a beta of 1.57. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.32 and a quick ratio of 1.21. The business has a fifty day moving average price of $46.61 and a 200 day moving average price of $45.68.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. Brookfield had a return on equity of 3.87% and a net margin of 1.74%.The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. Equities research analysts expect that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.6%. Brookfield’s dividend payout ratio is currently 48.98%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. BMO Capital Markets upped their price objective on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. National Bank Financial raised their price objective on shares of Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research note on Monday, December 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Brookfield in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.59.

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.