Brookfield Corporation $BN Stock Purchased by QV Investors Inc.

QV Investors Inc. lifted its stake in Brookfield Corporation (NYSE:BN) by 32.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 861,190 shares of the company’s stock after buying an additional 211,741 shares during the period. Brookfield makes up approximately 2.3% of QV Investors Inc.’s portfolio, making the stock its 19th biggest holding. QV Investors Inc.’s holdings in Brookfield were worth $31,494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of BN. Fortitude Family Office LLC bought a new stake in shares of Brookfield in the 3rd quarter valued at about $26,000. Silicon Valley Capital Partners bought a new position in Brookfield during the 2nd quarter worth approximately $32,000. Annis Gardner Whiting Capital Advisors LLC grew its position in Brookfield by 203.5% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,229 shares of the company’s stock worth $50,000 after acquiring an additional 824 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. bought a new position in Brookfield during the 3rd quarter worth approximately $46,000. Finally, First Horizon Corp increased its stake in Brookfield by 71.0% in the 1st quarter. First Horizon Corp now owns 1,553 shares of the company’s stock worth $63,000 after purchasing an additional 645 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

BN has been the subject of several recent research reports. Scotiabank reiterated an “outperform” rating and issued a $54.00 price objective (up from $53.00) on shares of Brookfield in a research report on Friday, August 14th. Morgan Stanley set a $59.00 target price on shares of Brookfield and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a report on Monday, September 21st. BMO Capital Markets raised shares of Brookfield to a “strong-buy” rating in a research note on Monday, July 27th. Finally, TD upped their price target on shares of Brookfield from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, August 14th. 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 stock. According to MarketBeat.com, Brookfield currently has an average rating of “Moderate Buy” and an average target price of $57.40.

Brookfield Price Performance

BN stock opened at $37.33 on Wednesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.34 and a quick ratio of 1.22. Brookfield Corporation has a 1 year low of $35.61 and a 1 year high of $49.56. The firm has a 50-day moving average of $38.92 and a 200 day moving average of $42.36. The company has a market cap of $91.52 billion, a P/E ratio of 67.86 and a beta of 1.56.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.04. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Brookfield had a return on equity of 3.93% and a net margin of 1.85%. On average, sell-side analysts forecast that Brookfield Corporation will post 2.88 EPS for the current year.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th were given a $0.07 dividend. The ex-dividend date of this dividend was Monday, September 14th. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. Brookfield’s dividend payout ratio is currently 50.91%.

Brookfield Company Profile

Brookfield Corporation (NYSE: BN) is a global investment and asset management company headquartered in Toronto, Canada. Through its businesses and investments, the company owns and operates assets across real estate, renewable power and energy transition, infrastructure, private equity and related sectors.

Brookfield’s portfolio includes office, retail, residential and logistics properties; renewable power generation and energy-transition projects; transportation, utility and data infrastructure; and operating companies in industries such as business services, industrials and technology.