Brookfield Corporation $BN Shares Purchased by Oak Grove Capital LLC

Oak Grove Capital LLC grew its position in Brookfield Corporation (NYSE:BNFree Report) by 65.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 444,411 shares of the company’s stock after purchasing an additional 176,136 shares during the quarter. Brookfield comprises approximately 2.4% of Oak Grove Capital LLC’s investment portfolio, making the stock its 9th biggest position. Oak Grove Capital LLC’s holdings in Brookfield were worth $20,394,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Partners Value Investments L.P. boosted its stake in Brookfield by 50.0% in the 4th quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock valued at $8,324,719,000 after purchasing an additional 60,468,651 shares during the period. Dodge & Cox bought a new position in Brookfield during the 4th quarter worth $1,894,354,000. Royal Bank of Canada increased its position in Brookfield by 40.5% during the 4th quarter. Royal Bank of Canada now owns 113,652,306 shares of the company’s stock worth $5,215,504,000 after buying an additional 32,760,558 shares during the period. Vanguard Group Inc. lifted its holdings in shares of 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 buying an additional 31,543,313 shares in the last quarter. Finally, Capital World Investors lifted its holdings in shares of 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 buying an additional 30,755,354 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Down 0.5%

Shares of NYSE 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. Brookfield Corporation has a 52 week low of $37.93 and a 52 week high of $49.56. The stock has a market capitalization of $109.08 billion, a P/E ratio of 87.25 and a beta of 1.53. The stock’s fifty day moving average is $45.26 and its 200 day moving average is $44.88.

Brookfield Announces Dividend

The company 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 $0.07 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. Brookfield’s payout ratio is presently 54.90%.

Wall Street Analyst Weigh In

BN has been the topic of several research reports. TD Securities restated a “buy” rating and issued a $60.00 price target on shares of Brookfield in a research note on Tuesday, May 19th. TD lifted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. 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 report on Friday, May 15th. Finally, National Bank Financial raised their target price 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.82.

Get Our Latest Stock Analysis on BN

About Brookfield

(Free Report)

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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Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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