49,708 Shares in Brookfield Corporation $BN Purchased by Geo Capital Gestora de Recursos Ltd

Geo Capital Gestora de Recursos Ltd bought a new stake in Brookfield Corporation (NYSE:BN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 49,708 shares of the company’s stock, valued at approximately $2,281,000. Brookfield makes up approximately 4.7% of Geo Capital Gestora de Recursos Ltd’s holdings, making the stock its 11th largest holding.

Several other large investors have also modified their holdings of the business. AQR Capital Management LLC raised its stake in shares of Brookfield by 147.5% in the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock valued at $963,000 after acquiring an additional 11,069 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Brookfield by 13.5% in the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after buying an additional 295 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of Brookfield by 32.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock valued at $353,000 after buying an additional 1,396 shares during the period. AXA S.A. boosted its stake in Brookfield by 42.2% during the 2nd quarter. AXA S.A. now owns 103,531 shares of the company’s stock valued at $6,403,000 after purchasing an additional 30,703 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in Brookfield by 29.6% during the 2nd quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock valued at $1,577,000 after purchasing an additional 5,821 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on BN shares. TD Securities reissued a “buy” rating and issued a $60.00 target price on shares of Brookfield in a research 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 stock an “overweight” rating in a research report on Tuesday, May 12th. Scotiabank reissued 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. Morgan Stanley restated an “overweight” rating and issued a $61.00 price objective (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. Finally, TD increased their price objective on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Price Performance

NYSE:BN opened at $45.19 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. The firm has a fifty day simple moving average of $44.92 and a 200 day simple moving average of $44.92. Brookfield Corporation has a 1-year low of $37.93 and a 1-year high of $49.56. The stock has a market capitalization of $110.74 billion, a PE ratio of 88.60 and a beta of 1.53.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s payout ratio is 54.90%.

Brookfield 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.