Bleakley Financial Group LLC raised its stake in Brookfield Corporation (NYSE:BN – Free Report) by 48.7% during the fourth quarter, HoldingsChannel reports. The fund owned 41,910 shares of the company’s stock after buying an additional 13,725 shares during the period. Bleakley Financial Group LLC’s holdings in Brookfield were worth $1,923,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of BN. Vanguard Group Inc. increased its holdings in shares of Brookfield by 52.1% in the 4th quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock worth $4,228,915,000 after purchasing an additional 31,543,313 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Brookfield by 8,784.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,747,973 shares of the company’s stock valued at $860,344,000 after purchasing an additional 18,536,964 shares during the period. Principal Financial Group Inc. grew its holdings in Brookfield by 27.9% during the fourth quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock valued at $2,985,224,000 after purchasing an additional 14,200,710 shares during the period. Lone Pine Capital LLC boosted its stake in shares of Brookfield by 81.1% in the third quarter. Lone Pine Capital LLC now owns 10,181,348 shares of the company’s stock worth $698,237,000 after acquiring an additional 4,559,963 shares during the period. Finally, Markel Group Inc. boosted its stake in shares of Brookfield by 50.0% in the fourth quarter. Markel Group Inc. now owns 13,073,609 shares of the company’s stock worth $599,948,000 after acquiring an additional 4,357,868 shares during the period. Institutional investors own 61.60% of the company’s stock.
Brookfield Stock Performance
Shares of BN stock opened at $46.09 on Friday. The firm has a market capitalization of $112.95 billion, a price-to-earnings ratio of 90.36 and a beta of 1.55. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20. The business has a fifty day moving average of $43.70 and a 200 day moving average of $44.89. Brookfield Corporation has a 1 year low of $37.83 and a 1 year high of $49.56.
Brookfield Dividend Announcement
Analysts Set New Price Targets
A number of research firms recently commented on BN. Royal Bank Of Canada decreased their target price on Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. JPMorgan Chase & Co. upped their price objective on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. TD increased their price target on Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Scotiabank restated 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. One 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.82.
Check Out Our Latest Research 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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