Brookfield Corporation $BN Shares Acquired by Hantz Financial Services Inc.

Hantz Financial Services Inc. increased its position in Brookfield Corporation (NYSE:BN) by 45.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 42,106 shares of the company’s stock after acquiring an additional 13,210 shares during the period. Hantz Financial Services Inc.’s holdings in Brookfield were worth $1,932,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Powell Investment Advisors LLC lifted its holdings in shares of Brookfield by 32.6% in the fourth quarter. Powell Investment Advisors LLC now owns 32,086 shares of the company’s stock valued at $1,472,000 after buying an additional 7,887 shares during the period. Delta Asset Management LLC TN lifted its holdings in shares of Brookfield by 49.8% in the fourth quarter. Delta Asset Management LLC TN now owns 935 shares of the company’s stock valued at $43,000 after buying an additional 311 shares during the period. Prospera Financial Services Inc lifted its holdings in shares of Brookfield by 48.4% in the fourth quarter. Prospera Financial Services Inc now owns 11,726 shares of the company’s stock valued at $538,000 after buying an additional 3,826 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of Brookfield by 38.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 19,586 shares of the company’s stock valued at $899,000 after buying an additional 5,486 shares during the period. Finally, Life Cycle Investment Partners Ltd acquired a new stake in shares of Brookfield in the fourth quarter valued at $17,637,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

BN has been the subject of several research analyst reports. Royal Bank Of Canada cut their price objective on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 15th. TD upped 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. National Bank Financial upped their target price on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Scotia upped their target price on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a report on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Trading Up 1.5%

Shares of NYSE BN opened at $46.03 on Wednesday. The business has a fifty day simple moving average of $43.44 and a 200-day simple moving average of $44.89. The company has a market cap of $112.81 billion, a price-to-earnings ratio of 90.25 and a beta of 1.55. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. Brookfield Corporation has a 12 month low of $37.83 and a 12 month high of $49.56.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend 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.