Madison Asset Management LLC Grows Position in Brookfield Corporation $BN

Madison Asset Management LLC grew its stake in Brookfield Corporation (NYSE:BN) by 33.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,498,571 shares of the company’s stock after acquiring an additional 377,636 shares during the quarter. Madison Asset Management LLC’s holdings in Brookfield were worth $68,769,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. First Horizon Corp acquired a new position in Brookfield in the 3rd quarter valued at about $40,000. Exchange Traded Concepts LLC purchased a new position in Brookfield in the 4th quarter valued at about $27,000. Versant Capital Management Inc boosted its stake in shares of Brookfield by 507.5% during the 3rd quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock worth $45,000 after purchasing an additional 543 shares during the last quarter. Hilltop National Bank grew its holdings in shares of Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after buying an additional 241 shares in the last quarter. Finally, New England Capital Financial Advisors LLC grew its holdings in shares of Brookfield by 50.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after buying an additional 251 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on BN. National Bank Financial lifted their target price on shares of Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. raised their price objective on Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday. Scotiabank lowered their price objective on Brookfield from $52.00 to $48.50 and set a “sector outperform” rating for the company in a research report on Wednesday, March 25th. BMO Capital Markets upped their target price on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Wall Street Zen upgraded Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $56.39.

Brookfield Trading Down 0.9%

BN stock opened at $45.93 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The company has a market cap of $112.56 billion, a price-to-earnings ratio of 93.10 and a beta of 1.55. The business has a fifty day simple moving average of $42.62 and a 200-day simple moving average of $44.93. Brookfield Corporation has a 52 week low of $37.54 and a 52 week high of $49.56.

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 analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Brookfield had a return on equity of 3.90% and a net margin of 1.74%. On average, equities research analysts expect that Brookfield Corporation will post 2.95 EPS for the current year.

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.