Brookfield Corporation $BN Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Brookfield Corporation (NYSE:BN) by 2,112.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,511 shares of the company’s stock after acquiring an additional 79,737 shares during the quarter. SG Americas Securities LLC’s holdings in Brookfield were worth $3,380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BN. Tactive Advisors LLC raised its holdings in Brookfield by 22.3% during the first quarter. Tactive Advisors LLC now owns 8,749 shares of the company’s stock worth $354,000 after purchasing an additional 1,597 shares during the last quarter. Smith Salley Wealth Management grew its holdings in Brookfield by 1.0% in the first quarter. Smith Salley Wealth Management now owns 657,502 shares of the company’s stock valued at $26,609,000 after purchasing an additional 6,573 shares during the last quarter. Purpose Unlimited Inc. purchased a new position in shares of Brookfield in the fourth quarter valued at $15,284,000. Rockefeller Capital Management L.P. increased its position in shares of Brookfield by 56.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 370,308 shares of the company’s stock valued at $16,993,000 after buying an additional 133,289 shares in the last quarter. Finally, World Investment Advisors acquired a new position in shares of Brookfield during the 4th quarter worth $229,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

BN has been the topic of several recent research reports. National Bank Financial boosted their price objective on shares of Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. TD lifted their target price on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Royal Bank Of Canada reduced their price target on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. TD Securities reiterated a “buy” rating and issued a $60.00 price target on shares of Brookfield in a research report on Tuesday, May 19th. Finally, Morgan Stanley reissued an “overweight” rating and set a $61.00 price objective (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Brookfield has an average rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Price Performance

NYSE:BN opened at $42.63 on Wednesday. The firm has a market cap of $104.50 billion, a price-to-earnings ratio of 83.60 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. The company’s 50-day moving average is $45.09 and its two-hundred day moving average is $44.69. Brookfield Corporation has a 12-month low of $37.93 and a 12-month high of $49.56.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 15th. Brookfield’s payout ratio is currently 54.90%.

Brookfield 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.