BNP Paribas Raises Stake in Brookfield Corporation $BN

BNP Paribas boosted its holdings in shares of Brookfield Corporation (NYSE:BN) by 50.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 295,639 shares of the company’s stock after purchasing an additional 98,546 shares during the period. BNP Paribas’ holdings in Brookfield were worth $13,601,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of BN. Exchange Traded Concepts LLC acquired a new stake in shares of Brookfield in the fourth quarter valued at about $27,000. Hilltop National Bank grew its holdings in shares of Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after buying an additional 241 shares in the last quarter. New England Capital Financial Advisors LLC grew its holdings in shares of Brookfield by 50.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after buying an additional 251 shares in the last quarter. Entrust Financial LLC purchased a new stake in shares of Brookfield during the fourth quarter worth about $35,000. Finally, ST Germain D J Co. Inc. grew its holdings in shares of Brookfield by 49.9% during the fourth quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock worth $37,000 after buying an additional 270 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Trading Down 0.5%

BN opened at $45.36 on Tuesday. The stock has a market capitalization of $111.16 billion, a PE ratio of 88.94 and a beta of 1.53. The firm’s fifty day moving average price is $43.95 and its 200 day moving average price is $44.88. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20. Brookfield Corporation has a 12-month low of $37.83 and a 12-month high of $49.56.

Brookfield Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s dividend payout ratio is currently 54.90%.

Wall Street Analyst Weigh In

BN has been the subject of a number of recent analyst reports. 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 report on Friday, May 15th. TD boosted their target price on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. JPMorgan Chase & Co. boosted their target price on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. TD Securities restated a “buy” rating and issued a $60.00 target price on shares of Brookfield in a report on Tuesday, May 19th. Finally, BMO Capital Markets boosted their target price on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.82.

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.