Ruffer LLP Buys 28,250 Shares of Brookfield Corporation $BN

Ruffer LLP increased its stake in shares of Brookfield Corporation (NYSE:BN) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,750 shares of the company’s stock after acquiring an additional 28,250 shares during the quarter. Ruffer LLP’s holdings in Brookfield were worth $3,895,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BN. Lone Pine Capital LLC boosted its stake in Brookfield by 81.1% during the third quarter. Lone Pine Capital LLC now owns 10,181,348 shares of the company’s stock worth $698,237,000 after acquiring an additional 4,559,963 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in Brookfield during the third quarter worth $171,104,000. TD Waterhouse Canada Inc. boosted its stake in Brookfield by 58.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 6,078,402 shares of the company’s stock worth $278,616,000 after acquiring an additional 2,230,353 shares in the last quarter. Baillie Gifford & Co. boosted its stake in Brookfield by 45.4% during the fourth quarter. Baillie Gifford & Co. now owns 7,013,657 shares of the company’s stock worth $321,857,000 after acquiring an additional 2,191,270 shares in the last quarter. Finally, James Hambro & Partners LLP bought a new position in shares of Brookfield in the fourth quarter valued at $91,118,000. 61.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

BN has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $61.00 price objective (up from $60.00) on shares of Brookfield in a research note on Tuesday. 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. National Bank Financial raised their price objective on shares of Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada raised their price objective on shares of Brookfield from $60.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Zacks Research raised shares of Brookfield from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $55.65.

Brookfield Stock Performance

Shares of BN stock opened at $46.43 on Wednesday. The firm has a 50-day moving average of $42.78 and a 200-day moving average of $44.86. The company has a market cap of $113.79 billion, a P/E ratio of 94.12 and a beta of 1.56. 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 Corporation has a one year low of $32.57 and a one year high of $49.56.

Brookfield (NYSE:BN) last announced its earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. Equities research analysts forecast that Brookfield Corporation will post 2.96 EPS for the current fiscal year.

Brookfield Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a $0.07 dividend. This is an increase from Brookfield’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, March 17th. Brookfield’s dividend payout ratio is currently 57.14%.

Brookfield 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.