Chicago Partners Investment Group LLC Has $16.52 Million Stake in Brookfield Corporation $BN

Chicago Partners Investment Group LLC lessened its stake in shares of Brookfield Corporation (NYSE:BN) by 3.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 408,338 shares of the company’s stock after selling 14,106 shares during the period. Chicago Partners Investment Group LLC’s holdings in Brookfield were worth $16,525,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Diversify Wealth Management LLC grew its holdings in shares of Brookfield by 86.7% during the 1st quarter. Diversify Wealth Management LLC now owns 10,921 shares of the company’s stock worth $471,000 after purchasing an additional 5,071 shares in the last quarter. Sovran Advisors LLC acquired a new position in Brookfield in the first quarter valued at about $195,000. Candriam S.C.A. raised its stake in Brookfield by 4.9% in the first quarter. Candriam S.C.A. now owns 36,097 shares of the company’s stock valued at $1,458,000 after purchasing an additional 1,670 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Brookfield by 1.4% during the first quarter. Sequoia Financial Advisors LLC now owns 1,212,503 shares of the company’s stock worth $49,070,000 after purchasing an additional 16,850 shares during the period. Finally, Carmel Capital Partners LLC lifted its position in Brookfield by 5.2% during the first quarter. Carmel Capital Partners LLC now owns 72,520 shares of the company’s stock worth $2,935,000 after purchasing an additional 3,607 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on BN shares. National Bank Financial boosted their target price on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Royal Bank Of Canada lowered their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research note on Wednesday, June 24th. TD raised their target price on Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Finally, JPMorgan Chase & Co. lifted their price target on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. One equities research 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 stock. According to MarketBeat.com, Brookfield currently has an average rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Price Performance

Shares of NYSE:BN opened at $43.74 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. Brookfield Corporation has a 52 week low of $37.93 and a 52 week high of $49.56. The firm has a market cap of $107.23 billion, a PE ratio of 85.77 and a beta of 1.54. The firm’s fifty day moving average is $44.78 and its 200-day moving average is $44.58.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, June 15th. Brookfield’s dividend payout ratio (DPR) 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.