O Shaughnessy Asset Management LLC Acquires 148,872 Shares of Brookfield Corporation $BN

O Shaughnessy Asset Management LLC increased its holdings in shares of Brookfield Corporation (NYSE:BNFree Report) by 38.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 531,554 shares of the company’s stock after acquiring an additional 148,872 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Brookfield were worth $24,400,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. MCF Advisors LLC bought a new stake in Brookfield during the 4th quarter worth about $26,000. Exchange Traded Concepts LLC bought a new position in shares of Brookfield in the 4th quarter valued at about $27,000. Hilltop National Bank increased its position in shares of Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after acquiring an additional 241 shares during the last quarter. New England Capital Financial Advisors LLC increased its position in shares of Brookfield by 50.2% in the fourth 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 last quarter. Finally, Entrust Financial LLC bought a new stake in Brookfield during the fourth quarter worth about $35,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Down 0.8%

Shares of Brookfield stock opened at $44.24 on Tuesday. 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 firm has a 50-day moving average of $44.49 and a 200-day moving average of $44.90. Brookfield Corporation has a 52-week low of $37.93 and a 52-week high of $49.56. The stock has a market cap of $108.41 billion, a PE ratio of 86.74 and a beta of 1.53.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s dividend payout ratio (DPR) is currently 54.90%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BN shares. BMO Capital Markets raised their target price on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. TD Securities reiterated a “buy” rating and issued a $60.00 price target on shares of Brookfield in a research note on Tuesday, May 19th. TD lifted their price objective on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. 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 note on Friday, May 15th. Finally, Royal Bank Of Canada cut their target price on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. One equities research 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 company’s stock. According to MarketBeat, Brookfield has an average rating of “Moderate Buy” and an average target price of $56.82.

View Our Latest Stock Report on BN

Brookfield Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Brookfield (NYSE:BN)

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