Everett Harris & Co. CA grew its position in Brookfield Corporation (NYSE:BN – Free Report) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,342 shares of the company’s stock after buying an additional 18,114 shares during the quarter. Everett Harris & Co. CA’s holdings in Brookfield were worth $2,494,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Chemistry Wealth Management LLC increased its position in Brookfield by 51.6% during the 4th quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company’s stock worth $20,082,000 after purchasing an additional 148,893 shares in the last quarter. PCJ Investment Counsel Ltd. increased its position in Brookfield by 110.2% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company’s stock worth $15,966,000 after purchasing an additional 122,040 shares in the last quarter. Florida Trust Wealth Management Co increased its position in Brookfield by 49.0% during the 4th quarter. Florida Trust Wealth Management Co now owns 1,176,417 shares of the company’s stock worth $53,986,000 after purchasing an additional 387,068 shares in the last quarter. Citigroup Inc. increased its position in Brookfield by 49.5% during the 3rd quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock worth $45,817,000 after purchasing an additional 221,078 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Brookfield by 52.1% during 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. 61.60% of the stock is currently owned by institutional investors and hedge funds.
Brookfield Trading Down 0.8%
Shares of BN opened at $44.24 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $108.41 billion, a P/E ratio of 86.74 and a beta of 1.53. The stock’s fifty day simple moving average is $44.49 and its 200 day simple moving average is $44.90. Brookfield Corporation has a twelve month low of $37.93 and a twelve month high of $49.56.
Brookfield Dividend Announcement
Analyst Upgrades and Downgrades
BN has been the subject of a number of recent research reports. TD Securities reiterated a “buy” rating and set a $60.00 price objective on shares of Brookfield in a research report on Tuesday, May 19th. Scotiabank reiterated an “outperform” rating and set a $53.00 price objective (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. Royal Bank Of Canada dropped their price objective on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. BMO Capital Markets lifted their price objective on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.82.
About Brookfield
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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