Brookfield Corporation $BN is Callahan Advisors LLC’s 7th Largest Position

Callahan Advisors LLC increased its position in shares of Brookfield Corporation (NYSE:BN) by 47.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 703,895 shares of the company’s stock after purchasing an additional 227,739 shares during the period. Brookfield makes up 2.7% of Callahan Advisors LLC’s portfolio, making the stock its 7th largest holding. Callahan Advisors LLC’s holdings in Brookfield were worth $32,302,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Savant Capital LLC boosted its stake in shares of Brookfield by 6.5% during the 3rd quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock worth $253,000 after purchasing an additional 226 shares during the period. State of Wyoming boosted its stake in shares of Brookfield by 7.8% during the 3rd quarter. State of Wyoming now owns 3,301 shares of the company’s stock worth $227,000 after purchasing an additional 240 shares during the period. Hilltop National Bank boosted its stake in shares of Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after purchasing an additional 241 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Brookfield by 38.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock worth $60,000 after purchasing an additional 243 shares during the period. Finally, New England Capital Financial Advisors LLC boosted its stake in shares of Brookfield by 50.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after purchasing an additional 251 shares during the period. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Trading Up 2.4%

NYSE:BN opened at $45.34 on Thursday. Brookfield Corporation has a one year low of $37.54 and a one year high of $49.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. The firm has a market cap of $111.11 billion, a P/E ratio of 88.90 and a beta of 1.55. The firm has a 50-day simple moving average of $42.98 and a 200-day simple moving average of $44.89.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.07 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. Brookfield’s payout ratio is currently 54.90%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BN. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. JPMorgan Chase & Co. boosted their price objective on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Scotia boosted their price objective on shares of Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. Scotiabank reissued an “outperform” rating and issued a $53.00 price objective (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. Finally, Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and a consensus target price of $56.82.

About Brookfield

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.