Brookfield Corporation $BN Shares Purchased by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. boosted its position in Brookfield Corporation (NYSE:BN) by 51.9% in the 4th quarter, Holdings Channel reports. The firm owned 477,660 shares of the company’s stock after acquiring an additional 163,215 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Brookfield were worth $21,920,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Savant Capital LLC raised its stake in Brookfield by 6.5% in the 3rd quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock valued at $253,000 after purchasing an additional 226 shares during the last quarter. State of Wyoming raised its stake in Brookfield by 7.8% in the 3rd quarter. State of Wyoming now owns 3,301 shares of the company’s stock valued at $227,000 after purchasing an additional 240 shares during the last quarter. Hilltop National Bank raised its stake in Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in Brookfield by 38.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock valued at $60,000 after purchasing an additional 243 shares during the last quarter. Finally, New England Capital Financial Advisors LLC raised its stake in Brookfield by 50.2% in the 4th 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 during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BN has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $61.00 price objective (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. BMO Capital Markets increased their price objective on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Scotiabank dropped their target price on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a report on Wednesday, March 25th. 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 report on Monday, April 20th. Finally, Zacks Research upgraded Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. One equities research 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 stock. Based on data from MarketBeat, Brookfield has an average rating of “Moderate Buy” and an average price target of $56.39.

Brookfield Stock Down 0.9%

Shares of NYSE:BN opened at $45.93 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The business has a fifty day moving average of $42.62 and a two-hundred day moving average of $44.93. The stock has a market cap of $112.56 billion, a P/E ratio of 93.10 and a beta of 1.55. Brookfield Corporation has a 52-week low of $37.54 and a 52-week high of $49.56.

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

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.