ASO GROUP Ltd Purchases Shares of 135,543 Brookfield Corporation $BN

ASO GROUP Ltd purchased a new stake in shares of Brookfield Corporation (NYSE:BN) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 135,543 shares of the company’s stock, valued at approximately $6,220,000. Brookfield comprises 2.4% of ASO GROUP Ltd’s investment portfolio, making the stock its 7th biggest holding.

Other large investors have also added to or reduced their stakes in the company. MCF Advisors LLC purchased a new stake in Brookfield during the 4th quarter valued at about $26,000. Exchange Traded Concepts LLC purchased a new stake in Brookfield during the 4th quarter valued at about $27,000. Hilltop National Bank grew its stake in Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares during the last quarter. New England Capital Financial Advisors LLC grew its stake in Brookfield by 50.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 251 shares during the last quarter. Finally, Entrust Financial LLC purchased a new stake in Brookfield during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Scotiabank restated an “outperform” rating and issued a $53.00 target price (up from $48.50) on shares of Brookfield in a research note on Friday, May 15th. Royal Bank Of Canada lowered their target price on Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. BMO Capital Markets upped their target price on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. National Bank Financial upped their target price on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Scotia upped their target price 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 research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Stock Performance

NYSE BN opened at $44.99 on Friday. The stock has a market capitalization of $110.27 billion, a price-to-earnings ratio of 88.22 and a beta of 1.53. Brookfield Corporation has a twelve month low of $37.93 and a twelve month 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 $44.83 and a 200 day moving average of $44.92.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. 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.