101,312 Shares of Brookfield Corporation $BN Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC bought a new position in shares of Brookfield Corporation (NYSE:BN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 101,312 shares of the company’s stock, valued at approximately $3,694,000.

Several other institutional investors and hedge funds have also made changes to their positions in BN. Bank of Nova Scotia boosted its position in shares of Brookfield by 11.4% in the 1st quarter. Bank of Nova Scotia now owns 15,340,928 shares of the company’s stock valued at $621,443,000 after purchasing an additional 1,575,668 shares during the period. TD Waterhouse Canada Inc. grew its stake in Brookfield by 1.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 13,903,270 shares of the company’s stock worth $595,676,000 after buying an additional 248,479 shares during the last quarter. Cardinal Capital Management Inc. increased its position in Brookfield by 2.5% during the second quarter. Cardinal Capital Management Inc. now owns 3,247,627 shares of the company’s stock worth $138,287,000 after buying an additional 80,738 shares during the period. Cannell & Spears LLC increased its position in Brookfield by 1.6% during the first quarter. Cannell & Spears LLC now owns 2,702,625 shares of the company’s stock worth $109,278,000 after buying an additional 42,859 shares during the period. Finally, Amundi increased its position in Brookfield by 14.1% during the first quarter. Amundi now owns 2,696,723 shares of the company’s stock worth $109,136,000 after buying an additional 333,843 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Zacks Research lowered shares of Brookfield from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. BMO Capital Markets raised shares of Brookfield to a “strong-buy” rating in a report on Monday, July 27th. TD upped their price target on shares of Brookfield from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Scotiabank reiterated an “outperform” rating and set a $54.00 price target (up from $53.00) on shares of Brookfield in a research note on Friday, August 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research note on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and an average price target of $57.40.

Brookfield Stock Up 0.1%

Shares of NYSE BN opened at $41.41 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.34 and a debt-to-equity ratio of 1.54. Brookfield Corporation has a 52 week low of $35.61 and a 52 week high of $49.56. The firm has a 50-day moving average price of $38.19 and a 200 day moving average price of $42.45. The stock has a market capitalization of $101.57 billion, a price-to-earnings ratio of 75.30 and a beta of 1.53.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. Equities research analysts anticipate that Brookfield Corporation will post 2.88 EPS for the current fiscal year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th were given 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 was Monday, September 14th. Brookfield’s dividend payout ratio (DPR) is presently 50.91%.

Brookfield Company Profile

Brookfield Corporation is a global investment and operating company focused on owning and managing businesses and assets in sectors including renewable power, infrastructure, real estate, private equity and credit. It invests directly and through its asset management business, Brookfield Asset Management, which serves institutional and individual investors.

The company’s operations and investments span multiple regions, including North America, South America, Europe and Asia-Pacific. Its portfolio includes renewable energy facilities, transportation and utility infrastructure, commercial and residential real estate, and businesses in a range of industries.

Brookfield traces its origins to 1899, when its predecessor, Brazilian Traction, Light and Power Company, was established to develop electricity and transportation services in Brazil.