Fisher Asset Management LLC Acquires 12,202 Shares of Brookfield Corporation $BN

Fisher Asset Management LLC boosted its holdings in shares of Brookfield Corporation (NYSE:BN) by 85.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,446 shares of the company’s stock after buying an additional 12,202 shares during the period. Fisher Asset Management LLC’s holdings in Brookfield were worth $1,214,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new stake in Brookfield during the fourth quarter valued at $27,000. Hilltop National Bank boosted its stake in Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after buying an additional 241 shares during the period. New England Capital Financial Advisors LLC boosted its stake in Brookfield by 50.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after buying an additional 251 shares during the period. Entrust Financial LLC bought a new stake in Brookfield during the fourth quarter valued at $35,000. Finally, ST Germain D J Co. Inc. boosted its stake in Brookfield by 49.9% during the fourth quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after buying an additional 270 shares during the period. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Down 1.1%

NYSE BN opened at $45.60 on Friday. Brookfield Corporation has a 1-year low of $37.83 and a 1-year high of $49.56. 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 stock has a 50-day moving average of $43.83 and a 200-day moving average of $44.90. The firm has a market cap of $111.74 billion, a PE ratio of 89.40 and a beta of 1.55.

Brookfield Dividend Announcement

The business 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 of this dividend is Monday, June 15th. Brookfield’s payout ratio is 54.90%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. National Bank Financial lifted their price objective on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. BMO Capital Markets lifted their price target on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $61.00 price target (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Royal Bank Of Canada dropped their price target on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. 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 company. According to MarketBeat, Brookfield has a consensus rating of “Moderate Buy” and a consensus target price of $56.82.

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.