Louisbourg Investments Inc. Acquires 52,373 Shares of Brookfield Corporation $BN

Louisbourg Investments Inc. boosted its holdings in shares of Brookfield Corporation (NYSE:BN) by 45.6% in the fourth quarter, HoldingsChannel reports. The firm owned 167,148 shares of the company’s stock after acquiring an additional 52,373 shares during the period. Brookfield makes up 1.4% of Louisbourg Investments Inc.’s portfolio, making the stock its 22nd biggest position. Louisbourg Investments Inc.’s holdings in Brookfield were worth $7,685,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in Brookfield by 147.5% in the first quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock worth $963,000 after purchasing an additional 11,069 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Brookfield by 13.5% in the first quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after buying an additional 295 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Brookfield by 32.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock worth $353,000 after buying an additional 1,396 shares in the last quarter. American Century Companies Inc. lifted its position in Brookfield by 1.0% during the 2nd quarter. American Century Companies Inc. now owns 67,706 shares of the company’s stock worth $4,190,000 after buying an additional 682 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in Brookfield by 66.4% during the 2nd quarter. Fisher Asset Management LLC now owns 22,447 shares of the company’s stock worth $1,388,000 after buying an additional 8,954 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Up 0.5%

NYSE:BN opened at $40.93 on Friday. 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 12-month low of $29.07 and a 12-month high of $49.56. The stock’s fifty day simple moving average is $43.41 and its 200-day simple moving average is $45.11. The firm has a market capitalization of $100.30 billion, a P/E ratio of 82.96 and a beta of 1.56.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Brookfield had a return on equity of 3.90% and a net margin of 1.74%.The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Equities research analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.28 annualized dividend and a yield of 0.7%. This is a positive change from Brookfield’s previous quarterly dividend of $0.06. Brookfield’s payout ratio is 57.14%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Zacks Research upgraded shares of Brookfield from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. BMO Capital Markets upped their target price on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Scotiabank decreased their price target on shares of Brookfield from $52.00 to $48.50 and set a “sector outperform” rating on the stock in a research note on Wednesday, March 25th. Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. One 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.20.

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.