Brookfield Corporation $BN is TD Waterhouse Canada Inc.’s 10th Largest Position

TD Waterhouse Canada Inc. lifted its holdings in shares of Brookfield Corporation (NYSE:BN) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,848,049 shares of the company’s stock after buying an additional 176,795 shares during the period. Brookfield comprises 1.7% of TD Waterhouse Canada Inc.’s investment portfolio, making the stock its 10th biggest holding. TD Waterhouse Canada Inc. owned approximately 0.16% of Brookfield worth $261,220,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Brookfield in the third quarter valued at $1,282,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Brookfield by 5.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 52,859 shares of the company’s stock worth $3,626,000 after buying an additional 2,504 shares in the last quarter. Lorne Steinberg Wealth Management Inc. grew its position in Brookfield by 1.7% during the third quarter. Lorne Steinberg Wealth Management Inc. now owns 104,125 shares of the company’s stock worth $7,142,000 after buying an additional 1,718 shares during the period. EWA LLC purchased a new position in Brookfield in the third quarter valued at about $202,000. Finally, Investment House LLC grew its holdings in shares of Brookfield by 2.9% in the 3rd quarter. Investment House LLC now owns 48,066 shares of the company’s stock worth $3,296,000 after acquiring an additional 1,338 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BN shares. TD Securities lifted their price objective on Brookfield from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 14th. CIBC restated an “outperform” rating and issued a $52.00 price target (up previously from $50.67) on shares of Brookfield in a research report on Friday, November 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research report on Monday, December 29th. BMO Capital Markets restated an “outperform” rating and set a $49.00 target price (up previously from $46.00) on shares of Brookfield in a research report on Wednesday, December 17th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Brookfield in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $54.27.

Brookfield Price Performance

NYSE:BN opened at $47.14 on Thursday. Brookfield Corporation has a 12-month low of $29.07 and a 12-month high of $49.56. The firm has a market cap of $116.75 billion, a price-to-earnings ratio of 130.94 and a beta of 1.58. The company’s 50-day moving average is $46.51 and its two-hundred day moving average is $45.44. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.54.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. Brookfield had a net margin of 1.34% and a return on equity of 3.92%. Research analysts expect that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, December 16th. Brookfield’s dividend payout ratio is currently 66.67%.

Brookfield 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.