25,054 Brookfield Corporation $BN Shares Sold by Fenimore Asset Management Inc

Fenimore Asset Management Inc decreased its position in Brookfield Corporation (NYSE:BN) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,434,689 shares of the company’s stock after selling 25,054 shares during the quarter. Brookfield comprises approximately 2.7% of Fenimore Asset Management Inc’s investment portfolio, making the stock its 14th biggest position. Fenimore Asset Management Inc’s holdings in Brookfield were worth $125,229,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BN. Meadow Creek Wealth Advisors LLC lifted its holdings in Brookfield by 2.3% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company’s stock worth $417,000 after purchasing an additional 234 shares during the last quarter. State of Wyoming grew its holdings in Brookfield by 6.0% in the 1st quarter. State of Wyoming now owns 5,151 shares of the company’s stock valued at $208,000 after buying an additional 290 shares in the last quarter. Central Pacific Bank Trust Division increased its position in Brookfield by 2.6% during the 2nd quarter. Central Pacific Bank Trust Division now owns 11,800 shares of the company’s stock worth $503,000 after buying an additional 300 shares during the period. West Family Investments Inc. increased its position in Brookfield by 4.0% during the 2nd quarter. West Family Investments Inc. now owns 7,890 shares of the company’s stock worth $336,000 after buying an additional 304 shares during the period. Finally, Gould Asset Management LLC CA lifted its holdings in shares of Brookfield by 3.6% during the first quarter. Gould Asset Management LLC CA now owns 8,834 shares of the company’s stock worth $358,000 after buying an additional 310 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

BN traded down $0.21 on Thursday, hitting $36.77. 6,092,900 shares of the stock were exchanged, compared to its average volume of 5,112,995. The firm has a market capitalization of $90.15 billion, a price-to-earnings ratio of 66.85 and a beta of 1.56. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.34 and a quick ratio of 1.22. Brookfield Corporation has a 12 month low of $35.69 and a 12 month high of $49.56. The business has a 50-day moving average of $40.19 and a two-hundred day moving average of $42.53.

Brookfield (NYSE:BN) last released its earnings results on Thursday, August 13th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.62 by $0.04. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. Sell-side analysts forecast that Brookfield Corporation will post 2.93 EPS for the current fiscal year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 14th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, September 14th. Brookfield’s dividend payout ratio (DPR) is 50.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Monday, September 21st. TD raised their price target on shares of Brookfield from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Scotia lifted their price objective on shares of Brookfield from $53.00 to $54.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 14th. Morgan Stanley set a $59.00 target price on shares of Brookfield and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Finally, Scotiabank reaffirmed an “outperform” rating and set a $54.00 target price (up from $53.00) on shares of Brookfield in a report on Friday, August 14th. One 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.40.

Brookfield Profile

Brookfield Corporation (NYSE: BN) is a global investment and asset management company with interests in real assets and related operating businesses. Through its platforms and affiliates, the company invests in and manages assets across renewable power and energy transition, infrastructure, real estate, private equity, and other alternative investment strategies.

Brookfield’s businesses develop, own, operate, and finance essential assets, including renewable energy facilities, utilities, transportation networks, data infrastructure, commercial and residential real estate, and industrial and business services companies.