Capital Research Global Investors Raises Stake in Brookfield Corporation $BN

Capital Research Global Investors raised its position in shares of Brookfield Corporation (NYSE:BN) by 47.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,134,876 shares of the company’s stock after purchasing an additional 682,137 shares during the quarter. Capital Research Global Investors owned 0.09% of Brookfield worth $98,022,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BN. AQR Capital Management LLC lifted its holdings in Brookfield by 147.5% during the first quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock valued at $963,000 after purchasing an additional 11,069 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Brookfield by 13.5% during the first quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after purchasing an additional 295 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in Brookfield by 32.3% during the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock valued at $353,000 after purchasing an additional 1,396 shares in the last quarter. AXA S.A. lifted its holdings in Brookfield by 42.2% during the second quarter. AXA S.A. now owns 103,531 shares of the company’s stock valued at $6,403,000 after purchasing an additional 30,703 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in Brookfield by 29.6% during the second quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock valued at $1,577,000 after purchasing an additional 5,821 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. National Bank Financial boosted their target price on shares of Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. BMO Capital Markets boosted their target price on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Scotiabank reissued 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. Finally, 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. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Price Performance

BN stock opened at $44.24 on Tuesday. Brookfield Corporation has a one year low of $37.93 and a one year high of $49.56. The company’s fifty day moving average price is $44.49 and its 200-day moving average price is $44.90. 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 company has a market capitalization of $108.41 billion, a PE ratio of 86.74 and a beta of 1.53.

Brookfield Dividend Announcement

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

Brookfield Company 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.