Brookfield Corporation $BN Holdings Raised by Forsta AP Fonden

Forsta AP Fonden lifted its stake in Brookfield Corporation (NYSE:BN) by 46.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 412,350 shares of the company’s stock after purchasing an additional 130,750 shares during the quarter. Forsta AP Fonden’s holdings in Brookfield were worth $18,958,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Brookfield by 52.1% in the fourth quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock worth $4,228,915,000 after buying an additional 31,543,313 shares during the period. Norges Bank acquired a new stake in shares of Brookfield during the fourth quarter valued at approximately $1,227,555,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Brookfield by 8,784.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,747,973 shares of the company’s stock valued at $860,344,000 after acquiring an additional 18,536,964 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Brookfield by 27.9% in the 4th quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock valued at $2,985,224,000 after acquiring an additional 14,200,710 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Brookfield by 61.0% in the 4th quarter. Geode Capital Management LLC now owns 19,679,423 shares of the company’s stock worth $913,592,000 after purchasing an additional 7,459,189 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BN shares. TD lifted their price objective 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. Scotiabank reaffirmed an “outperform” rating and issued a $53.00 target price (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. JPMorgan Chase & Co. lifted their price target on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Finally, Scotia increased their price objective on Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Trading Down 1.1%

NYSE BN opened at $45.60 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54. Brookfield Corporation has a 1-year low of $37.83 and a 1-year high of $49.56. The firm’s fifty day simple moving average is $43.83 and its 200-day simple moving average is $44.90. The company has a market capitalization of $111.74 billion, a PE ratio of 89.40 and a beta of 1.55.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given 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 presently 54.90%.

Brookfield Company 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.