Corient Private Wealth LLC Has $224.57 Million Stock Holdings in Brookfield Corporation $BN

Corient Private Wealth LLC raised its position in Brookfield Corporation (NYSE:BN) by 40.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,891,403 shares of the company’s stock after buying an additional 1,399,216 shares during the period. Corient Private Wealth LLC owned about 0.20% of Brookfield worth $224,571,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in BN. Chemistry Wealth Management LLC grew its holdings in Brookfield by 51.6% during the 4th quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company’s stock worth $20,082,000 after acquiring an additional 148,893 shares during the period. PCJ Investment Counsel Ltd. lifted its stake in shares of Brookfield by 110.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company’s stock valued at $15,966,000 after purchasing an additional 122,040 shares during the period. Florida Trust Wealth Management Co boosted its position in shares of Brookfield by 49.0% in the 4th quarter. Florida Trust Wealth Management Co now owns 1,176,417 shares of the company’s stock worth $53,986,000 after purchasing an additional 387,068 shares during the last quarter. Citigroup Inc. boosted its position in shares of Brookfield by 49.5% in the 3rd quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock worth $45,817,000 after purchasing an additional 221,078 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Brookfield by 52.1% during the fourth quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock worth $4,228,915,000 after purchasing an additional 31,543,313 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Stock Up 0.1%

BN stock opened at $44.50 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20. The stock has a market capitalization of $109.08 billion, a P/E ratio of 87.25 and a beta of 1.53. Brookfield Corporation has a fifty-two week low of $37.93 and a fifty-two week high of $49.56. The business has a 50-day moving average of $45.31 and a 200-day moving average of $44.88.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.07 dividend. 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 54.90%.

Wall Street Analysts Forecast Growth

BN has been the subject of a number of recent analyst reports. 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. JPMorgan Chase & Co. raised their target price on Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. National Bank Financial boosted their target price on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. TD Securities reaffirmed a “buy” rating and issued a $60.00 price target on shares of Brookfield in a research note on Tuesday, May 19th. Finally, Scotiabank reiterated an “outperform” rating and issued a $53.00 price target (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. 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 stock. Based on data from MarketBeat.com, the company presently 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.