Brookfield Corporation $BN Stock Position Boosted by Northwest Financial Advisors

Northwest Financial Advisors boosted its holdings in Brookfield Corporation (NYSE:BN) by 42.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,696 shares of the company’s stock after buying an additional 14,132 shares during the period. Brookfield accounts for approximately 4.5% of Northwest Financial Advisors’ holdings, making the stock its 5th largest holding. Northwest Financial Advisors’ holdings in Brookfield were worth $2,189,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. PFG Investments LLC boosted its position in shares of Brookfield by 50.0% in the fourth quarter. PFG Investments LLC now owns 15,418 shares of the company’s stock worth $708,000 after acquiring an additional 5,138 shares during the last quarter. Foster Victor Wealth Advisors LLC grew its holdings in Brookfield by 83.9% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 8,579 shares of the company’s stock valued at $406,000 after purchasing an additional 3,915 shares during the period. Farther Finance Advisors LLC increased its position in Brookfield by 185.5% during the fourth quarter. Farther Finance Advisors LLC now owns 16,301 shares of the company’s stock worth $748,000 after purchasing an additional 10,592 shares during the last quarter. Bingham Private Wealth LLC purchased a new position in Brookfield during the fourth quarter worth approximately $1,667,000. Finally, Lester Murray Antman dba SimplyRich raised its stake in Brookfield by 50.0% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 35,351 shares of the company’s stock worth $1,622,000 after purchasing an additional 11,782 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Trading Up 2.2%

Shares of BN stock opened at $46.53 on Thursday. 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 fifty-two week low of $31.62 and a fifty-two week high of $49.56. The firm’s 50 day moving average price is $42.75 and its two-hundred day moving average price is $44.85. The stock has a market cap of $114.03 billion, a price-to-earnings ratio of 94.32 and a beta of 1.56.

Brookfield (NYSE:BN) last released 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. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. On average, analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BN. Royal Bank Of Canada boosted their price objective on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Scotiabank cut their target price on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating on the stock in a research report on Wednesday, March 25th. Morgan Stanley reiterated an “overweight” rating and issued a $60.00 target price on shares of Brookfield in a report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Finally, Zacks Research upgraded Brookfield from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $54.20.

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.