28,028 Shares in Brookfield Corporation $BN Bought by AG Campbell Advisory LLC

AG Campbell Advisory LLC purchased a new stake in shares of Brookfield Corporation (NYSE:BN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 28,028 shares of the company’s stock, valued at approximately $1,286,000. Brookfield accounts for approximately 0.4% of AG Campbell Advisory LLC’s investment portfolio, making the stock its 22nd largest position.

A number of other large investors have also recently made changes to their positions in the stock. Chemistry Wealth Management LLC increased its holdings in Brookfield by 51.6% in the 4th quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company’s stock valued at $20,082,000 after acquiring an additional 148,893 shares during the last quarter. PCJ Investment Counsel Ltd. increased its holdings in shares of Brookfield by 110.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company’s stock valued at $15,966,000 after acquiring an additional 122,040 shares in the last quarter. Florida Trust Wealth Management Co increased its holdings in shares of Brookfield by 49.0% in the fourth quarter. Florida Trust Wealth Management Co now owns 1,176,417 shares of the company’s stock valued at $53,986,000 after purchasing an additional 387,068 shares during the period. Citigroup Inc. boosted its position in Brookfield by 49.5% in the 3rd quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock worth $45,817,000 after purchasing an additional 221,078 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Brookfield by 52.1% during the fourth quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock worth $4,228,915,000 after purchasing an additional 31,543,313 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BN shares. JPMorgan Chase & Co. raised their target price on Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. TD increased their price target on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. TD Securities reissued a “buy” rating and issued a $60.00 price objective on shares of Brookfield in a research note on Tuesday, May 19th. Royal Bank Of Canada dropped their price objective 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. Finally, Scotia increased 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. 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’s stock. According to MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and an average price target of $56.82.

Brookfield Trading Up 0.1%

Shares of BN opened at $44.50 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. The stock has a 50-day moving average price of $45.31 and a 200 day moving average price of $44.88. The company has a market capitalization of $109.08 billion, a P/E ratio of 87.25 and a beta of 1.53. Brookfield Corporation has a one year low of $37.93 and a one year high of $49.56.

Brookfield Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.28 annualized dividend and a dividend 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.