Brookfield Corporation $BN Shares Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. lifted its holdings in shares of Brookfield Corporation (NYSE:BN) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,082 shares of the company’s stock after buying an additional 12,027 shares during the quarter. Bridges Investment Management Inc.’s holdings in Brookfield were worth $1,656,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Savant Capital LLC raised its stake in Brookfield by 6.5% in the 3rd quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock valued at $253,000 after purchasing an additional 226 shares during the last quarter. State of Wyoming raised its stake in Brookfield by 7.8% in the 3rd quarter. State of Wyoming now owns 3,301 shares of the company’s stock valued at $227,000 after purchasing an additional 240 shares during the last quarter. Hilltop National Bank raised its stake 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 purchasing an additional 241 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in Brookfield by 38.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock valued at $60,000 after purchasing an additional 243 shares during the last quarter. Finally, New England Capital Financial Advisors LLC raised its stake 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 purchasing an additional 251 shares during the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BN has been the subject of several recent research reports. Royal Bank Of Canada reduced their price objective on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. JPMorgan Chase & Co. increased their price objective on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. BMO Capital Markets upped their target price on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Scotia upped their target price on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a report on Friday, May 15th. Finally, Scotiabank restated an “outperform” rating and issued a $53.00 target price (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Brookfield has an average rating of “Moderate Buy” and an average price target of $56.82.

Brookfield Stock Performance

NYSE BN opened at $43.88 on Thursday. The stock has a market cap of $107.53 billion, a PE ratio of 86.03 and a beta of 1.53. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54. Brookfield Corporation has a twelve month low of $37.93 and a twelve month high of $49.56. The stock has a fifty day simple moving average of $44.19 and a 200-day simple moving average of $44.87.

Brookfield Dividend Announcement

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

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.