Intrust Bank NA Has $461,000 Position in Brookfield Corporation $BN

Intrust Bank NA boosted its position in Brookfield Corporation (NYSE:BN) by 20.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,455 shares of the company’s stock after buying an additional 1,240 shares during the quarter. Intrust Bank NA’s holdings in Brookfield were worth $461,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of BN. AGF Management Ltd. grew its position in Brookfield by 7.2% in the second quarter. AGF Management Ltd. now owns 2,438,241 shares of the company’s stock valued at $151,399,000 after purchasing an additional 164,124 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in Brookfield by 13.5% during the 1st quarter. Chicago Partners Investment Group LLC now owns 290,942 shares of the company’s stock worth $16,261,000 after buying an additional 34,573 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. lifted its position in Brookfield by 2.7% during the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,592,795 shares of the company’s stock worth $98,643,000 after buying an additional 42,520 shares in the last quarter. Creative Planning boosted its stake in shares of Brookfield by 10.1% during the 2nd quarter. Creative Planning now owns 487,077 shares of the company’s stock worth $30,126,000 after buying an additional 44,822 shares during the last quarter. Finally, C WorldWide Group Holding A S grew its holdings in shares of Brookfield by 96.3% in the 2nd quarter. C WorldWide Group Holding A S now owns 45,515 shares of the company’s stock valued at $2,815,000 after acquiring an additional 22,331 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Up 0.8%

BN stock opened at $43.35 on Wednesday. Brookfield Corporation has a 1-year low of $29.07 and a 1-year high of $49.47. The business’s 50 day simple moving average is $45.62 and its 200 day simple moving average is $43.01. The company has a current ratio of 1.29, a quick ratio of 1.18 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $107.29 billion, a PE ratio of 151.23 and a beta of 1.73.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Brookfield had a net margin of 1.11% and a return on equity of 3.77%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. As a group, research analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.6%. Brookfield’s dividend payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

BN has been the topic of several analyst reports. Morgan Stanley set a $54.00 target price on Brookfield and gave the stock an “overweight” rating in a report on Monday, October 13th. BMO Capital Markets upped their price objective on Brookfield from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. TD Securities increased their price objective on Brookfield from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 14th. National Bankshares set a $54.67 target price on shares of Brookfield and gave the stock an “outperform” rating in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of Brookfield from $48.67 to $55.33 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $53.47.

Brookfield Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.