Guardian Partners Inc. trimmed its holdings in Brookfield Corporation (NYSE:BN – Free Report) by 4.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 508,806 shares of the company’s stock after selling 22,089 shares during the quarter. Brookfield accounts for about 1.7% of Guardian Partners Inc.’s portfolio, making the stock its 15th biggest holding. Guardian Partners Inc.’s holdings in Brookfield were worth $20,701,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. MCF Advisors LLC acquired a new stake in Brookfield during the fourth quarter valued at approximately $26,000. Quattro Advisors LLC bought a new stake in Brookfield during the fourth quarter worth approximately $26,000. Exchange Traded Concepts LLC acquired a new position in Brookfield in the fourth quarter worth approximately $27,000. Truvestments Capital LLC grew its position in Brookfield by 49.9% in the fourth quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after buying an additional 213 shares during the last quarter. Finally, New England Capital Financial Advisors LLC increased its holdings 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 buying an additional 251 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.
Brookfield Trading Up 0.9%
Brookfield stock opened at $42.47 on Wednesday. The company has a 50 day moving average price of $44.02 and a 200 day moving average price of $44.23. 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 firm has a market capitalization of $104.09 billion, a price-to-earnings ratio of 83.26 and a beta of 1.54.
Brookfield Dividend Announcement
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on BN shares. 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. JPMorgan Chase & Co. lifted their target price on Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Scotia boosted their target price on Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. Scotiabank reaffirmed an “outperform” rating and set a $53.00 target price (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. Finally, Morgan Stanley set a $59.00 price target on Brookfield and gave the company an “overweight” rating in a research report on Tuesday, July 21st. 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. According to MarketBeat.com, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.64.
Check Out Our Latest Research Report on Brookfield
Brookfield Company 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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