Radnor Capital Management LLC Has $2.39 Million Stock Holdings in Brookfield Corporation $BN

Radnor Capital Management LLC raised its position in Brookfield Corporation (NYSE:BN) by 47.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,136 shares of the company’s stock after acquiring an additional 16,871 shares during the period. Radnor Capital Management LLC’s holdings in Brookfield were worth $2,393,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Chemistry Wealth Management LLC lifted its stake in Brookfield by 51.6% during the fourth 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 during the period. Triasima Portfolio Management inc. grew its stake in shares of Brookfield by 9.0% in the 3rd quarter. Triasima Portfolio Management inc. now owns 288,866 shares of the company’s stock valued at $19,825,000 after purchasing an additional 23,923 shares during the period. PCJ Investment Counsel Ltd. raised its holdings in shares of Brookfield by 110.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company’s stock worth $15,966,000 after buying an additional 122,040 shares in the last quarter. Florida Trust Wealth Management Co lifted its position in shares of 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 buying an additional 387,068 shares during the period. Finally, Citigroup Inc. boosted its stake in Brookfield by 49.5% in the 3rd quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock valued at $45,817,000 after buying an additional 221,078 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of BN stock opened at $45.07 on Tuesday. Brookfield Corporation has a 52 week low of $37.54 and a 52 week high of $49.56. The stock has a market capitalization of $110.47 billion, a PE ratio of 88.38 and a beta of 1.55. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.20 and a current ratio of 1.32. The stock’s fifty day moving average is $42.83 and its 200-day moving average is $44.91.

Brookfield Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have issued reports on BN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. Morgan Stanley restated an “overweight” rating and issued a $61.00 target price (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. JPMorgan Chase & Co. upped their target price on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Scotia lifted their price target on shares of Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a report on Friday. Finally, Scotiabank restated an “outperform” rating and issued a $53.00 price target (up from $48.50) on shares of Brookfield in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $56.40.

Brookfield 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.