Timber Creek Capital Management LLC Has $11.06 Million Position in Brookfield Corporation $BN

Timber Creek Capital Management LLC boosted its holdings in Brookfield Corporation (NYSE:BN) by 50.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 240,974 shares of the company’s stock after acquiring an additional 80,345 shares during the quarter. Brookfield accounts for approximately 2.6% of Timber Creek Capital Management LLC’s portfolio, making the stock its 12th largest position. Timber Creek Capital Management LLC’s holdings in Brookfield were worth $11,058,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BN. Exchange Traded Concepts LLC acquired a new position in Brookfield in the fourth quarter valued at approximately $27,000. Hilltop National Bank lifted its holdings in 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 buying an additional 241 shares during the period. First Horizon Corp acquired a new position in Brookfield in the third quarter valued at approximately $40,000. Versant Capital Management Inc raised its holdings in Brookfield by 507.5% in the third quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock worth $45,000 after purchasing an additional 543 shares during the period. Finally, HHM Wealth Advisors LLC raised its holdings in Brookfield by 49.8% in the fourth quarter. HHM Wealth Advisors LLC now owns 983 shares of the company’s stock worth $45,000 after purchasing an additional 327 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Up 3.7%

Shares of BN stock opened at $43.69 on Tuesday. The firm has a fifty day moving average of $42.72 and a 200-day moving average of $44.84. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. Brookfield Corporation has a 12-month low of $31.62 and a 12-month high of $49.56. The company has a market capitalization of $107.06 billion, a price-to-earnings ratio of 88.56 and a beta of 1.56.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. As a group, equities research analysts predict that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were given a dividend of $0.07 per share. This is a positive change from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 17th. Brookfield’s payout ratio is currently 57.14%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BN. Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Scotiabank reduced their price target on shares of Brookfield from $52.00 to $48.50 and set a “sector outperform” rating on the stock in a research report on Wednesday, March 25th. National Bank Financial lifted their price target on shares of Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Zacks Research raised shares of Brookfield from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $54.20.

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.