First Western Trust Bank Takes $224,000 Position in Brookfield Corporation $BN

First Western Trust Bank bought a new position in shares of Brookfield Corporation (NYSE:BN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,619 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Pershing Square Capital Management L.P. raised its stake in shares of Brookfield by 17.5% during the first quarter. Pershing Square Capital Management L.P. now owns 41,004,657 shares of the company’s stock valued at $2,149,054,000 after acquiring an additional 6,111,593 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Brookfield by 83.3% in the first quarter. Goldman Sachs Group Inc. now owns 7,699,178 shares of the company’s stock valued at $403,514,000 after purchasing an additional 3,500,003 shares during the period. Regents of The University of California raised its position in Brookfield by 123.1% during the 1st quarter. Regents of The University of California now owns 5,986,137 shares of the company’s stock worth $313,733,000 after purchasing an additional 3,303,102 shares during the last quarter. Geode Capital Management LLC raised its position in Brookfield by 19.4% during the 2nd quarter. Geode Capital Management LLC now owns 10,882,122 shares of the company’s stock worth $679,852,000 after purchasing an additional 1,770,378 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in Brookfield by 31.0% during the 1st quarter. Baillie Gifford & Co. now owns 4,816,082 shares of the company’s stock worth $252,411,000 after buying an additional 1,140,558 shares during the period. 61.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BN has been the subject of several recent research reports. BMO Capital Markets increased their price target on Brookfield from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. National Bank Financial started coverage on shares of Brookfield in a research report on Tuesday, July 29th. They set an “outperform” rating and a $54.67 target price for the company. TD Securities boosted their price target on shares of Brookfield from $49.33 to $54.67 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Scotiabank upped their price objective on shares of Brookfield from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Brookfield from $48.67 to $55.33 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $52.63.

Brookfield Price Performance

Shares of BN opened at $46.88 on Thursday. The firm has a market cap of $116.01 billion, a PE ratio of 163.52 and a beta of 1.73. Brookfield Corporation has a 52-week low of $29.07 and a 52-week high of $49.47. The business’s 50 day moving average price is $45.69 and its two-hundred day moving average price is $42.75. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.18 and a current ratio of 1.29.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.