Cetera Investment Advisers lifted its stake in shares of Brookfield Corporation (NYSE:BN – Free Report) by 18.9% during the first quarter, HoldingsChannel.com reports. The firm owned 799,536 shares of the company’s stock after purchasing an additional 127,268 shares during the period. Cetera Investment Advisers’ holdings in Brookfield were worth $32,306,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Truvestments Capital LLC boosted its holdings in Brookfield by 49.9% during the fourth quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after buying an additional 213 shares in the last quarter. Meadow Creek Wealth Advisors LLC increased its holdings in Brookfield by 2.3% in the first quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company’s stock valued at $417,000 after buying an additional 234 shares in the last quarter. New England Capital Financial Advisors LLC lifted its position in shares of Brookfield by 50.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after acquiring an additional 251 shares during the period. ST Germain D J Co. Inc. boosted its stake in shares of Brookfield by 49.9% during the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock worth $37,000 after acquiring an additional 270 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Brookfield by 11.1% in the 3rd quarter. Parallel Advisors LLC now owns 2,892 shares of the company’s stock worth $198,000 after acquiring an additional 290 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.
Brookfield Price Performance
BN stock opened at $41.69 on Friday. Brookfield Corporation has a 1 year low of $37.93 and a 1 year high of $49.56. 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’s 50 day moving average price is $44.12 and its 200 day moving average price is $44.34. The firm has a market cap of $102.18 billion, a P/E ratio of 81.74 and a beta of 1.54.
Brookfield Announces Dividend
Analysts Set New Price Targets
Several equities analysts recently issued reports on BN shares. Royal Bank Of Canada reduced their price objective on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Morgan Stanley set a $59.00 target price on Brookfield and gave the company an “overweight” rating in a report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Wednesday, June 24th. Scotiabank reaffirmed an “outperform” rating and set a $53.00 price target (up from $48.50) on shares of Brookfield in a research note on Friday, May 15th. Finally, Scotia boosted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.64.
View Our Latest Report on Brookfield
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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