BNP Paribas Has $13.60 Million Stake in Brookfield Corporation $BN

BNP Paribas grew its holdings in Brookfield Corporation (NYSE:BN) by 50.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 295,639 shares of the company’s stock after purchasing an additional 98,546 shares during the period. BNP Paribas’ holdings in Brookfield were worth $13,601,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Brookfield by 52.1% in the fourth quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock worth $4,228,915,000 after buying an additional 31,543,313 shares during the last quarter. Norges Bank bought a new stake in shares of Brookfield in the fourth quarter valued at approximately $1,227,555,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Brookfield by 8,784.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,747,973 shares of the company’s stock valued at $860,344,000 after acquiring an additional 18,536,964 shares during the period. Principal Financial Group Inc. boosted its position in shares of Brookfield by 27.9% in the fourth quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock valued at $2,985,224,000 after acquiring an additional 14,200,710 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Brookfield by 61.0% in the fourth quarter. Geode Capital Management LLC now owns 19,679,423 shares of the company’s stock valued at $913,592,000 after acquiring an additional 7,459,189 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of BN stock opened at $45.36 on Tuesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20. The stock has a market cap of $111.16 billion, a PE ratio of 88.94 and a beta of 1.53. The stock has a 50-day moving average of $43.95 and a 200-day moving average of $44.88. Brookfield Corporation has a one year low of $37.83 and a one year high of $49.56.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s dividend payout ratio is presently 54.90%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BN. Scotia increased their price objective on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. BMO Capital Markets increased their price objective on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. TD Securities reaffirmed a “buy” rating and issued a $60.00 target price on shares of Brookfield in a research report on Tuesday, May 19th. Scotiabank reaffirmed an “outperform” rating and issued a $53.00 target price (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. Finally, Royal Bank Of Canada cut their price objective on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.82.

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.