Dimensional Fund Advisors LP lifted its position in Brookfield Corporation (NYSE:BN – Free Report) by 8.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,290,509 shares of the company’s stock after buying an additional 182,628 shares during the period. Dimensional Fund Advisors LP’s holdings in Brookfield were worth $92,653,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC raised its holdings in Brookfield by 49.9% in the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Meadow Creek Wealth Advisors LLC boosted its stake in Brookfield by 2.3% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company’s stock valued at $417,000 after purchasing an additional 234 shares during the last quarter. New England Capital Financial Advisors LLC boosted its stake in 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 purchasing an additional 251 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of Brookfield by 49.9% in the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock worth $37,000 after purchasing an additional 270 shares in the last quarter. Finally, Parallel Advisors LLC increased 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 purchasing an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on BN. BMO Capital Markets raised Brookfield to a “strong-buy” rating in a research report on Monday. TD raised their price target on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research note on Wednesday, June 24th. Scotiabank restated an “outperform” rating and issued a $53.00 target price (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. Finally, Scotia lifted 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $56.64.
Brookfield Trading Down 1.6%
Brookfield stock opened at $41.71 on Thursday. The business has a 50-day simple moving average of $43.95 and a two-hundred day simple moving average of $44.19. The company has a market cap of $102.23 billion, a P/E ratio of 81.78 and a beta of 1.54. Brookfield Corporation has a 52-week low of $37.93 and a 52-week high of $49.56. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54.
Brookfield Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. Brookfield’s dividend payout ratio (DPR) is presently 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.
Read More
- Five stocks we like better than Brookfield
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Want to see what other hedge funds are holding BN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Corporation (NYSE:BN – Free Report).
Receive News & Ratings for Brookfield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield and related companies with MarketBeat.com's FREE daily email newsletter.
