Capital International Ltd. CA Buys 28,766 Shares of Brookfield Corporation $BN

Capital International Ltd. CA increased its stake in shares of Brookfield Corporation (NYSE:BN) by 20.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,059 shares of the company’s stock after acquiring an additional 28,766 shares during the quarter. Capital International Ltd. CA’s holdings in Brookfield were worth $7,666,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital International Inc. CA increased its holdings in Brookfield by 15.6% in the 4th quarter. Capital International Inc. CA now owns 160,900 shares of the company’s stock valued at $7,384,000 after buying an additional 21,692 shares during the period. Tacita Capital Inc increased its holdings in Brookfield by 55.3% in the 4th quarter. Tacita Capital Inc now owns 178,150 shares of the company’s stock valued at $8,185,000 after buying an additional 63,447 shares during the period. Capital Group Investment Management PTE. LTD. increased its holdings in Brookfield by 25.7% in the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 40,590 shares of the company’s stock valued at $1,863,000 after buying an additional 8,307 shares during the period. Havemeyer Place LP bought a new stake in Brookfield in the 4th quarter valued at $1,221,000. Finally, Lowe Brockenbrough & Co. Inc. increased its holdings in Brookfield by 50.0% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 5,868 shares of the company’s stock valued at $269,000 after buying an additional 1,955 shares during the period. Institutional investors own 61.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on BN shares. JPMorgan Chase & Co. boosted their price target on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. TD upped their target price on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Scotia upped their target price on shares of Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a report on Friday, May 15th. Finally, Royal Bank Of Canada lowered their target price on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Stock Down 1.0%

Shares of NYSE BN opened at $44.60 on Friday. The firm’s 50-day simple moving average is $44.40 and its 200 day simple moving average is $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. 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 $37.93 and a 12-month high of $49.56.

Brookfield Dividend Announcement

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