<div id="readability-page-1"><p>East Coast Asset Management LLC. lowered its stake in shares of  Brookfield Corporation (NYSE:BN - Free Report) by 74.5% in the second quarter, according to its most recent disclosure with the Securities &amp; Exchange Commission. The firm owned 85,336 shares of the company's stock after selling 248,698 shares during the quarter. Brookfield comprises  1.8% of East Coast Asset Management LLC.'s portfolio, making the stock its 14th largest holding. East Coast Asset Management LLC.'s holdings in Brookfield were worth $5,278,000 as of its most recent filing with the Securities &amp; Exchange Commission.</p><ul><li>3 Stocks to Ride the Manufacturing Sector's Big Comeback</li></ul><p>Other institutional investors and hedge funds have also modified their holdings of the company. Public Sector Pension Investment Board grew its stake in  Brookfield by 0.6% in the 1st quarter. Public Sector Pension Investment Board now owns 138,399 shares of the company's stock valued at $7,242,000 after buying an additional 800 shares during the last quarter.  Vestmark Advisory Solutions Inc. boosted its holdings in  Brookfield by 45.4% during the first quarter. Vestmark Advisory Solutions Inc. now owns 17,501 shares of the company's stock valued at $917,000 after acquiring an additional 5,466 shares during the period.  Kovitz Investment Group Partners LLC acquired a new stake in shares of  Brookfield in the first quarter valued at about $4,812,000.  Providence Capital Advisors LLC increased its stake in shares of  Brookfield by 2.0% in the first quarter. Providence Capital Advisors LLC now owns 143,168 shares of the company's stock worth $7,503,000 after purchasing an additional 2,834 shares during the period.  Finally, Tacita Capital Inc lifted its position in shares of  Brookfield by 6.6% during the 1st quarter. Tacita Capital Inc now owns 114,533 shares of the company's stock worth $5,996,000 after purchasing an additional 7,124 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Brookfield Stock Down 2.0%</h2><p>Shares of BN stock opened at $45.64 on Friday. Brookfield Corporation has a one year low of $29.07 and a one year high of $49.47. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.31 and a quick ratio of 1.19. The stock has a fifty day moving average price of $45.56 and a 200 day moving average price of $43.89. The stock has a market cap of $112.99 billion, a P/E ratio of 126.76 and a beta of 1.57. </p><p>Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Brookfield had a net margin of 1.34% and a return on equity of 3.92%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion.  Analysts predict that  Brookfield Corporation will post 3.85 earnings per share for the current year. </p><h2>Brookfield Dividend Announcement</h2><p>The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, December 16th. Brookfield's dividend payout ratio  is 66.67%. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of analysts have issued reports on BN shares. Royal Bank Of Canada raised their target price on Brookfield from $55.00 to $57.00 and gave the company an &#34;outperform&#34; rating in a report on Thursday, October 16th. Keefe, Bruyette &amp; Woods  restated an &#34;outperform&#34; rating on shares of Brookfield in a research note on Monday, December 1st. Weiss Ratings  reaffirmed a &#34;hold (c)&#34; rating on shares of Brookfield in a research report on Monday. Morgan Stanley  set a $54.00 target price on shares of Brookfield and gave the company an &#34;overweight&#34; rating in a research note on Monday, October 13th. Finally, JPMorgan Chase &amp; Co. raised their price target on shares of Brookfield from $48.67 to $55.33 and gave the stock an &#34;overweight&#34; rating in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued  a Buy rating and two have assigned  a Hold rating to the stock. According to data from MarketBeat.com, the stock  has an average rating of &#34;Buy&#34; and an average price target of $53.47.</p><p><b>Get Our Latest Research Report on Brookfield</b></p><h2>About Brookfield</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Brookfield</li><li>Most active stocks: Dollar volume vs share volume</li><li>Synopsys Sees Bullish Shift as Ansys Integration Drives Growth</li><li>What is the Hang Seng index?  </li><li>The Best Holiday Present You Can Give Yourself? Costco Stock</li><li>Canadian Penny Stocks: Can They Make You Rich? </li><li>Why Zscaler Stock Could Be Ready to Bounce After a 30% Selloff</li></ul><p><strong>Want to see what other hedge funds are holding BN?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Corporation (NYSE:BN - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJO?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJO"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Brookfield Right Now?</h2><p>Before you consider Brookfield, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield wasn't on the list.</p><p>While Brookfield currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>East Coast Asset Management LLC reduced its stake in Brookfield Corporation by 74.5% in Q2, selling 248,698 shares. The firm now holds 85,336 shares worth $5,278,000. Brookfield's stock is 1.8% of East Coast's portfolio. Other institutional investors also adjusted their holdings. Brookfield's stock opened at $45.64, with a market cap of $112.99 billion. Analysts have given the stock a "Buy" rating with an average price target of $53.47.</p>

East Coast Asset Management LLC. Sells 248,698 Shares of Brookfield Corporation $BN