Brookfield Corporation $BN Shares Sold by M&G PLC

M&G PLC trimmed its position in shares of Brookfield Corporation (NYSE:BN) by 7.4% during the second quarter, Holdings Channel reports. The institutional investor owned 1,223,543 shares of the company’s stock after selling 97,413 shares during the quarter. M&G PLC’s holdings in Brookfield were worth $75,860,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Brookfield by 7.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,451 shares of the company’s stock worth $152,000 after acquiring an additional 169 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Brookfield by 7.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,957 shares of the company’s stock valued at $183,000 after buying an additional 197 shares in the last quarter. Chicago Capital LLC raised its stake in Brookfield by 0.4% during the 2nd quarter. Chicago Capital LLC now owns 56,563 shares of the company’s stock worth $3,498,000 after acquiring an additional 200 shares in the last quarter. Rochester Wealth Strategies LLC lifted its position in Brookfield by 3.0% in the second quarter. Rochester Wealth Strategies LLC now owns 7,825 shares of the company’s stock valued at $484,000 after acquiring an additional 225 shares during the last quarter. Finally, Fulton Bank N.A. grew its holdings in shares of Brookfield by 6.7% during the second quarter. Fulton Bank N.A. now owns 4,122 shares of the company’s stock worth $255,000 after purchasing an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BN shares. BMO Capital Markets boosted their price objective on Brookfield from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. JPMorgan Chase & Co. lifted their target price on Brookfield from $48.67 to $55.33 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Zacks Research upgraded shares of Brookfield from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. TD Securities upped their price objective on Brookfield from $49.33 to $54.67 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, National Bank Financial started coverage on shares of Brookfield in a research note on Tuesday, July 29th. They issued an “outperform” rating and a $54.67 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $52.63.

Brookfield Trading Up 0.2%

NYSE BN opened at $46.20 on Wednesday. Brookfield Corporation has a 12 month low of $29.07 and a 12 month high of $49.47. The company has a 50-day moving average of $45.62 and a 200-day moving average of $42.72. The company has a market cap of $114.34 billion, a P/E ratio of 161.16 and a beta of 1.73. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.29 and a quick ratio of 1.18.

Brookfield Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.