Brookfield Corporation $BN Shares Acquired by Bruni J V & Co. Co.

Bruni J V & Co. Co. boosted its holdings in Brookfield Corporation (NYSE:BN) by 48.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,114,031 shares of the company’s stock after purchasing an additional 694,287 shares during the quarter. Brookfield accounts for about 9.5% of Bruni J V & Co. Co.’s portfolio, making the stock its largest holding. Bruni J V & Co. Co. owned approximately 0.09% of Brookfield worth $97,013,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Exchange Traded Concepts LLC bought a new position in Brookfield in the 4th quarter valued at about $27,000. Hilltop National Bank increased its holdings in Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after buying an additional 241 shares during the period. New England Capital Financial Advisors LLC increased its holdings in Brookfield by 50.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after buying an additional 251 shares during the period. Entrust Financial LLC bought a new position in Brookfield in the 4th quarter valued at about $35,000. Finally, ST Germain D J Co. Inc. increased its holdings in Brookfield by 49.9% in the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after buying an additional 270 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Trading Down 1.1%

Shares of Brookfield stock opened at $45.60 on Friday. The firm has a market capitalization of $111.74 billion, a PE ratio of 89.40 and a beta of 1.55. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54. The firm’s 50 day moving average is $43.83 and its 200 day moving average is $44.90. Brookfield Corporation has a 1 year low of $37.83 and a 1 year high of $49.56.

Brookfield Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Royal Bank Of Canada decreased their target price on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. JPMorgan Chase & Co. raised their target price on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Morgan Stanley reissued an “overweight” rating and issued a $61.00 target price (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. BMO Capital Markets raised their target price on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, TD raised their target price on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.