Focus Partners Wealth Purchases 530,837 Shares of Brookfield Corporation $BN

Focus Partners Wealth grew its position in shares of Brookfield Corporation (NYSE:BN) by 52.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,550,292 shares of the company’s stock after purchasing an additional 530,837 shares during the quarter. Focus Partners Wealth owned approximately 0.06% of Brookfield worth $71,144,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BN. AQR Capital Management LLC increased its position in shares of Brookfield by 147.5% during the 1st 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 during the last quarter. NewEdge Advisors LLC increased its position in shares of Brookfield by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after purchasing an additional 295 shares during the last quarter. Sivia Capital Partners LLC grew its position in Brookfield by 32.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock worth $353,000 after acquiring an additional 1,396 shares during the last quarter. AXA S.A. grew its position in Brookfield by 42.2% during the 2nd quarter. AXA S.A. now owns 103,531 shares of the company’s stock worth $6,403,000 after acquiring an additional 30,703 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in Brookfield by 29.6% during the 2nd quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock worth $1,577,000 after acquiring an additional 5,821 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BN shares. TD Securities restated a “buy” rating and set a $60.00 price target on shares of Brookfield in a research report on Tuesday, May 19th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Scotiabank restated an “outperform” rating and set a $53.00 price target (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. TD increased 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, Morgan Stanley reiterated an “overweight” rating and issued a $61.00 price objective (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. 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. According to MarketBeat.com, Brookfield currently has an average rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Trading Down 0.0%

BN opened at $45.19 on Monday. The stock has a market cap of $110.74 billion, a PE ratio of 88.60 and a beta of 1.53. 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 business has a 50 day moving average of $44.92 and a 200-day moving average of $44.92. Brookfield Corporation has a 52 week low of $37.93 and a 52 week high of $49.56.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s dividend payout ratio (DPR) is presently 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.