Brookfield Corporation $BN Shares Purchased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp grew its stake in shares of Brookfield Corporation (NYSE:BN) by 38.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 213,019 shares of the company’s stock after acquiring an additional 58,853 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Brookfield were worth $9,775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in shares of Brookfield during the 4th quarter valued at about $27,000. Hilltop National Bank increased its stake in shares of Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after acquiring an additional 241 shares during the last quarter. New England Capital Financial Advisors LLC grew its holdings in shares of 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 purchasing an additional 251 shares during the period. ST Germain D J Co. Inc. grew its holdings in shares of Brookfield by 49.9% during the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock worth $37,000 after purchasing an additional 270 shares during the period. Finally, First Horizon Corp purchased a new stake in shares of Brookfield during the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

BN stock opened at $45.21 on Thursday. 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 firm has a market cap of $110.79 billion, a P/E ratio of 91.63 and a beta of 1.55. Brookfield Corporation has a 12-month low of $37.54 and a 12-month high of $49.56. The stock’s 50 day simple moving average is $42.64 and its 200 day simple moving average is $44.93.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) 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 analyst estimates of $1.63 billion. Brookfield had a return on equity of 3.90% and a net margin of 1.74%. As a group, equities research analysts predict that Brookfield Corporation will post 2.95 EPS for the current year.

Analyst Ratings Changes

BN has been the subject of a number of research reports. BMO Capital Markets boosted their target price on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Zacks Research upgraded Brookfield from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Morgan Stanley restated an “overweight” rating and issued a $61.00 price target (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. Wall Street Zen upgraded Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Scotiabank decreased their price target on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a report on Wednesday, March 25th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.39.

About Brookfield

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.