Fiera Capital Corp Has $2.23 Million Holdings in Brookfield Corporation $BN

Fiera Capital Corp raised its position in shares of Brookfield Corporation (NYSE:BN) by 47.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,488 shares of the company’s stock after buying an additional 15,579 shares during the quarter. Fiera Capital Corp’s holdings in Brookfield were worth $2,227,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Savant Capital LLC raised its stake in Brookfield by 6.5% during 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 period. Hilltop National Bank grew its position in Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares in the last quarter. 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 valued at $60,000 after buying an additional 243 shares during the period. New England Capital Financial Advisors LLC increased its stake in shares of Brookfield by 50.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after acquiring an additional 251 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its position in Brookfield by 7.7% during the third quarter. Wealthfront Advisers LLC now owns 3,659 shares of the company’s stock valued at $251,000 after purchasing an additional 263 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. TD Securities reissued a “buy” rating and issued a $60.00 price target on shares of Brookfield in a research note on Tuesday, May 19th. Scotia boosted their price target on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research note on Friday, May 15th. Scotiabank reiterated 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. TD lifted their price objective on Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. One investment 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. Based on data from MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and a consensus target price of $56.82.

Brookfield Stock Up 2.9%

Shares of BN opened at $45.50 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The company has a 50-day moving average price of $44.62 and a two-hundred day moving average price of $44.91. The stock has a market cap of $111.51 billion, a price-to-earnings ratio of 89.22 and a beta of 1.53. Brookfield Corporation has a 12 month low of $37.93 and a 12 month high of $49.56.

Brookfield Dividend Announcement

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