Mraz Amerine & Associates Inc. grew its stake in shares of Brookfield Corporation (NYSE:BN – Free Report) by 75.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 401,542 shares of the company’s stock after buying an additional 172,044 shares during the period. Brookfield accounts for 2.7% of Mraz Amerine & Associates Inc.’s portfolio, making the stock its 9th biggest holding. Mraz Amerine & Associates Inc.’s holdings in Brookfield were worth $18,427,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Brookfield by 52.1% in the 4th 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. Capital World Investors lifted its holdings in Brookfield by 2.4% in the 3rd quarter. Capital World Investors now owns 68,313,662 shares of the company’s stock worth $4,685,103,000 after purchasing an additional 1,624,085 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Brookfield by 27.9% in the 4th quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock worth $2,985,224,000 after purchasing an additional 14,200,710 shares in the last quarter. Akre Capital Management LLC lifted its holdings in Brookfield by 0.7% in the 2nd quarter. Akre Capital Management LLC now owns 19,219,290 shares of the company’s stock worth $1,188,713,000 after purchasing an additional 125,269 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Brookfield by 8,784.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,747,973 shares of the company’s stock worth $860,344,000 after purchasing an additional 18,536,964 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently commented on BN shares. National Bank Financial boosted their price target on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Scotia boosted their price target on Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a report on Friday, May 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. TD Securities reissued a “buy” rating and issued a $60.00 price target on shares of Brookfield in a report on Tuesday. Finally, BMO Capital Markets boosted their price target on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.82.
Brookfield Stock Performance
NYSE BN opened at $45.41 on Friday. The company has a market cap of $111.29 billion, a P/E ratio of 89.04 and a beta of 1.55. 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 business’s 50 day moving average price is $43.06 and its 200-day moving average price is $44.89. Brookfield Corporation has a fifty-two week low of $37.54 and a fifty-two week 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 given 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 payout ratio is currently 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.
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