Brookfield Corporation $BN Stake Raised by Akre Capital Management LLC

Akre Capital Management LLC increased its holdings in shares of Brookfield Corporation (NYSE:BN) by 39.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,843,633 shares of the company’s stock after buying an additional 7,627,692 shares during the period. Brookfield comprises 13.5% of Akre Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Akre Capital Management LLC’s holdings in Brookfield were worth $1,231,854,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BN. MCF Advisors LLC purchased a new stake in Brookfield during the 4th quarter worth approximately $26,000. Quattro Advisors LLC acquired a new position in Brookfield during the 4th quarter worth approximately $26,000. Exchange Traded Concepts LLC acquired a new position in Brookfield during the 4th quarter worth approximately $27,000. Hilltop National Bank grew its holdings in Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after acquiring an additional 241 shares in the last quarter. Finally, New England Capital Financial Advisors LLC grew its holdings in Brookfield by 50.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after acquiring an additional 251 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BN has been the subject of several analyst reports. Royal Bank Of Canada lowered their price target on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 15th. TD Securities reiterated a “buy” rating and set a $60.00 price target on shares of Brookfield in a report on Tuesday, May 19th. TD boosted their price target on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. Finally, National Bank Financial boosted their price target on shares of Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. One investment 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 company. Based on data from MarketBeat.com, Brookfield has an average rating of “Moderate Buy” and an average price target of $56.82.

Brookfield Trading Up 0.4%

Shares of Brookfield stock opened at $45.19 on Friday. The company has a fifty day simple moving average of $44.92 and a 200-day simple moving average of $44.92. Brookfield Corporation has a 12-month low of $37.93 and a 12-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 market cap of $110.74 billion, a price-to-earnings ratio of 88.60 and a beta of 1.53.

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 given 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 dividend 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.