Madison Asset Management LLC Raises Stake in Brookfield Corporation $BN

Madison Asset Management LLC raised its holdings in Brookfield Corporation (NYSE:BN) by 33.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,498,571 shares of the company’s stock after purchasing an additional 377,636 shares during the quarter. Madison Asset Management LLC owned about 0.06% of Brookfield worth $68,769,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BN. Exchange Traded Concepts LLC acquired a new position in Brookfield in the 4th quarter valued at about $27,000. Hilltop National Bank lifted its position in Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after acquiring an additional 241 shares during the period. New England Capital Financial Advisors LLC lifted its position in Brookfield by 50.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after acquiring an additional 251 shares during the period. ST Germain D J Co. Inc. grew its stake in shares of Brookfield by 49.9% in the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after purchasing an additional 270 shares during the last quarter. Finally, First Horizon Corp purchased a new position in shares of Brookfield in the 3rd quarter valued at approximately $40,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Performance

BN opened at $45.93 on Wednesday. Brookfield Corporation has a 1-year low of $37.54 and a 1-year high of $49.56. The stock has a market cap of $112.56 billion, a P/E ratio of 93.10 and a beta of 1.55. The stock’s 50 day simple moving average is $42.62 and its 200 day simple moving average is $44.93. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.21.

Brookfield (NYSE:BN) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Brookfield had a return on equity of 3.90% and a net margin of 1.74%. As a group, equities analysts anticipate that Brookfield Corporation will post 2.95 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BN shares. Royal Bank Of Canada upped their price target on Brookfield from $60.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. BMO Capital Markets lifted 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. Scotiabank dropped their price objective 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. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Finally, Morgan Stanley restated an “overweight” rating and issued a $61.00 target price (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.39.

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.