Mufg Securities Canada LTD. lifted its position in shares of Brookfield Corporation (NYSE:BN – Free Report) by 38.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,288,214 shares of the company’s stock after buying an additional 908,339 shares during the quarter. Brookfield comprises about 4.2% of Mufg Securities Canada LTD.’s holdings, making the stock its 6th largest position. Mufg Securities Canada LTD. owned 0.13% of Brookfield worth $151,011,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Partners Value Investments L.P. increased its position in shares of Brookfield by 50.0% during the fourth quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock worth $8,324,719,000 after buying an additional 60,468,651 shares during the period. Capital World Investors boosted its stake in Brookfield by 45.0% during the fourth quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock worth $4,546,443,000 after acquiring an additional 30,755,354 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 acquiring an additional 31,543,313 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Brookfield by 27.9% during the fourth quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock worth $2,985,224,000 after acquiring an additional 14,200,710 shares in the last quarter. Finally, BROOKFIELD Corp ON boosted its stake in Brookfield by 50.2% during the fourth quarter. BROOKFIELD Corp ON now owns 46,581,943 shares of the company’s stock worth $2,137,645,000 after acquiring an additional 15,574,559 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on BN. 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 research note on Friday, May 15th. Scotiabank reissued an “outperform” rating and set a $53.00 target price (up from $48.50) on shares of Brookfield in a research note on Friday, May 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. TD increased their target price on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and a consensus price target of $56.82.
Brookfield Stock Down 0.0%
Brookfield stock opened at $45.19 on Monday. Brookfield Corporation has a 1-year low of $37.93 and a 1-year high of $49.56. The firm has a market capitalization of $110.74 billion, a price-to-earnings ratio of 88.60 and a beta of 1.53. The firm’s fifty day moving average price is $44.92 and its two-hundred day moving average price is $44.92. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54.
Brookfield Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s dividend payout ratio (DPR) 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.
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