James Hambro & Partners LLP Takes Position in Brookfield Corporation $BN

James Hambro & Partners LLP acquired a new position in Brookfield Corporation (NYSE:BN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,985,354 shares of the company’s stock, valued at approximately $91,118,000. Brookfield accounts for 3.3% of James Hambro & Partners LLP’s holdings, making the stock its 18th largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Lone Pine Capital LLC bought a new position in Brookfield during the 2nd quarter worth approximately $347,683,000. Canada Pension Plan Investment Board lifted its position in Brookfield by 132.5% in the second quarter. Canada Pension Plan Investment Board now owns 6,540,631 shares of the company’s stock valued at $405,065,000 after purchasing an additional 3,727,628 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in Brookfield in the third quarter valued at approximately $171,104,000. Wellington Management Group LLP boosted its stake in shares of Brookfield by 142.2% during the third quarter. Wellington Management Group LLP now owns 2,891,925 shares of the company’s stock valued at $198,412,000 after purchasing an additional 1,698,019 shares during the period. Finally, Capital World Investors boosted its stake in shares of Brookfield by 2.4% during the third quarter. Capital World Investors now owns 68,313,662 shares of the company’s stock valued at $4,685,103,000 after purchasing an additional 1,624,085 shares during the period. Institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

BN has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Friday. Morgan Stanley reissued an “overweight” rating and issued a $60.00 price target on shares of Brookfield in a report on Tuesday, February 17th. BMO Capital Markets boosted their price objective on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.20.

Brookfield Price Performance

Shares of Brookfield stock opened at $38.66 on Tuesday. The business has a 50 day moving average of $43.74 and a 200 day moving average of $45.21. Brookfield Corporation has a 52 week low of $29.07 and a 52 week high of $49.56. The company has a market cap of $94.72 billion, a PE ratio of 78.37 and a beta of 1.58. 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 (NYSE:BN) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. As a group, equities research analysts forecast that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Brookfield’s previous quarterly dividend of $0.06. Brookfield’s payout ratio is presently 57.14%.

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.