Capital International Sarl Has $15.64 Million Position in Brookfield Corporation $BN

Capital International Sarl boosted its position in Brookfield Corporation (NYSE:BN) by 32.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 340,830 shares of the company’s stock after buying an additional 83,456 shares during the quarter. Capital International Sarl’s holdings in Brookfield were worth $15,641,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Brookfield by 52.1% in the 4th quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock valued at $4,228,915,000 after buying an additional 31,543,313 shares during the last quarter. Capital World Investors raised its position in Brookfield by 2.4% in the 3rd quarter. Capital World Investors now owns 68,313,662 shares of the company’s stock valued at $4,685,103,000 after buying an additional 1,624,085 shares during the last quarter. Principal Financial Group Inc. raised its position in 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 buying an additional 14,200,710 shares during the last quarter. TD Asset Management Inc raised its position in Brookfield by 46.3% in the 4th quarter. TD Asset Management Inc now owns 35,763,047 shares of the company’s stock valued at $1,644,200,000 after buying an additional 11,323,960 shares during the last quarter. Finally, Norges Bank acquired a new stake in Brookfield in the 4th quarter valued at approximately $1,227,555,000. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BN shares. Royal Bank Of Canada decreased 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. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. Scotia raised their price target on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. raised 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. Finally, BMO Capital Markets raised their price target on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. One research 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Stock Down 1.0%

BN stock opened at $44.60 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The business has a 50 day moving average price of $44.40 and a two-hundred day moving average price of $44.88. The company has a market cap of $109.30 billion, a price-to-earnings ratio of 87.45 and a beta of 1.53. Brookfield Corporation has a twelve month low of $37.93 and a twelve month high of $49.56.

Brookfield Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, June 15th. This represents a $0.28 annualized dividend and a yield of 0.6%. Brookfield’s payout ratio is 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.