Dixon Mitchell Investment Counsel Inc. lifted its position in Brookfield Corporation (NYSE:BN – Free Report) by 47.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,363,922 shares of the company’s stock after buying an additional 757,600 shares during the period. Brookfield comprises 3.6% of Dixon Mitchell Investment Counsel Inc.’s holdings, making the stock its 11th largest position. Dixon Mitchell Investment Counsel Inc.’s holdings in Brookfield were worth $108,681,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Partners Value Investments L.P. increased its position in shares of Brookfield by 50.0% in the 4th quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock valued at $8,324,719,000 after buying an additional 60,468,651 shares in the last quarter. Capital World Investors increased its position in shares of Brookfield by 45.0% in the 4th quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock valued at $4,546,443,000 after buying an additional 30,755,354 shares in the last quarter. Vanguard Group Inc. increased its position 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 valued at $4,228,915,000 after buying an additional 31,543,313 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Brookfield by 27.9% in the 4th quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock valued at $2,985,224,000 after buying an additional 14,200,710 shares in the last quarter. Finally, BROOKFIELD Corp ON increased its position in shares of Brookfield by 50.2% in the 4th quarter. BROOKFIELD Corp ON now owns 46,581,943 shares of the company’s stock valued at $2,137,645,000 after buying an additional 15,574,559 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.
Brookfield Trading Up 0.4%
Brookfield stock opened at $45.19 on Friday. Brookfield Corporation has a 52 week low of $37.93 and a 52 week high of $49.56. 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 stock has a market capitalization of $110.74 billion, a P/E ratio of 88.60 and a beta of 1.53. The stock has a 50-day simple moving average of $44.92 and a 200 day simple moving average of $44.92.
Brookfield Announces Dividend
Wall Street Analyst Weigh In
A number of analysts recently commented on BN shares. JPMorgan Chase & Co. upped their price objective on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. National Bank Financial upped their price objective on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Scotiabank restated an “outperform” rating and issued 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 lowered their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Finally, TD increased their target price on Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.82.
Check Out Our Latest Research Report on Brookfield
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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