Brookfield Target of Unusually Large Options Trading (NYSE:BN)

Brookfield Corporation (NYSE:BN) saw unusually large options trading activity on Tuesday. Stock traders purchased 7,287 call options on the stock. This is an increase of approximately 340% compared to the average daily volume of 1,655 call options.

Brookfield Stock Up 0.6%

NYSE BN traded up $0.31 on Tuesday, hitting $48.10. 1,756,374 shares of the stock traded hands, compared to its average volume of 5,331,946. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.48. The stock has a 50-day moving average of $46.59 and a 200 day moving average of $45.62. Brookfield has a twelve month low of $29.07 and a twelve month high of $49.56. The company has a market capitalization of $119.12 billion, a P/E ratio of 97.50 and a beta of 1.57.

Brookfield (NYSE:BN) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, beating 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 return on equity of 3.87% and a net margin of 1.74%. As a group, analysts expect that Brookfield will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. CNA Financial Corp boosted its stake in Brookfield by 47.7% during the 4th quarter. CNA Financial Corp now owns 325,000 shares of the company’s stock valued at $14,914,000 after purchasing an additional 105,000 shares during the period. Loews Corp raised its holdings in shares of Brookfield by 47.7% during the fourth quarter. Loews Corp now owns 325,000 shares of the company’s stock valued at $14,914,000 after buying an additional 105,000 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Brookfield by 50.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 230,845 shares of the company’s stock worth $10,613,000 after acquiring an additional 77,402 shares during the period. Corsair Capital Management L.P. grew its position in Brookfield by 50.0% in the 4th quarter. Corsair Capital Management L.P. now owns 15,001 shares of the company’s stock valued at $688,000 after buying an additional 5,001 shares in the last quarter. Finally, Evercore Wealth Management LLC boosted its holdings in shares of Brookfield by 50.0% in the fourth quarter. Evercore Wealth Management LLC now owns 39,497 shares of the company’s stock valued at $1,813,000 after acquiring an additional 13,165 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on BN. Morgan Stanley reiterated an “overweight” rating and issued a $60.00 price target on shares of Brookfield in a report on Tuesday. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Brookfield in a research note on Monday, December 1st. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $52.00 target price (up from $50.67) on shares of Brookfield in a research note on Friday, November 14th. Royal Bank Of Canada raised their price target on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday. Finally, National Bank Financial boosted their price objective on shares of Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. One investment 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.59.

Brookfield Company Profile

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.