Epiq Partners LLC Buys 27,420 Shares of Brookfield Corporation $BN

Epiq Partners LLC grew its position in shares of Brookfield Corporation (NYSE:BN) by 49.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 82,855 shares of the company’s stock after purchasing an additional 27,420 shares during the quarter. Brookfield comprises 1.8% of Epiq Partners LLC’s portfolio, making the stock its 18th biggest holding. Epiq Partners LLC’s holdings in Brookfield were worth $3,802,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BN. Chemistry Wealth Management LLC boosted its holdings in Brookfield by 51.6% during the fourth quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company’s stock worth $20,082,000 after purchasing an additional 148,893 shares during the last quarter. Triasima Portfolio Management inc. increased its stake in Brookfield by 9.0% in the 3rd quarter. Triasima Portfolio Management inc. now owns 288,866 shares of the company’s stock valued at $19,825,000 after buying an additional 23,923 shares during the last quarter. PCJ Investment Counsel Ltd. lifted its position in shares of Brookfield by 110.2% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company’s stock worth $15,966,000 after buying an additional 122,040 shares in the last quarter. Citigroup Inc. lifted its position in shares of Brookfield by 49.5% during the 3rd quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock worth $45,817,000 after buying an additional 221,078 shares in the last quarter. Finally, Picton Mahoney Asset Management boosted its stake in shares of Brookfield by 15.3% in the 3rd quarter. Picton Mahoney Asset Management now owns 2,629,023 shares of the company’s stock worth $180,351,000 after buying an additional 348,824 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on BN shares. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Brookfield in a research report on Monday, December 1st. Royal Bank Of Canada upped their price objective on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Scotiabank reaffirmed an “outperform” rating and set a $52.00 target price (up from $49.00) on shares of Brookfield in a research report on Friday, February 13th. 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 company. According to MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and a consensus price target of $54.59.

Brookfield Price Performance

Brookfield stock opened at $38.25 on Friday. Brookfield Corporation has a 12 month low of $29.07 and a 12 month high of $49.56. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.51. The business’s 50 day simple moving average is $44.71 and its 200 day simple moving average is $45.41. The company has a market cap of $93.71 billion, a price-to-earnings ratio of 77.54 and a beta of 1.58.

Brookfield (NYSE:BN) last released its earnings results on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, topping 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 3.90% and a net margin of 1.74%. Sell-side analysts forecast that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.07 dividend. This is an increase from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.28 annualized dividend and a yield of 0.7%. Brookfield’s payout ratio is 57.14%.

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.