Intech Investment Management LLC Buys 13,915 Shares of Brookfield Corporation $BN

Intech Investment Management LLC raised its stake in Brookfield Corporation (NYSE:BN) by 26.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,630 shares of the company’s stock after buying an additional 13,915 shares during the quarter. Intech Investment Management LLC’s holdings in Brookfield were worth $3,063,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in shares of Brookfield by 147.5% in the first quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock valued at $963,000 after purchasing an additional 11,069 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Brookfield by 13.5% in the first quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after purchasing an additional 295 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Brookfield by 32.3% in the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock valued at $353,000 after purchasing an additional 1,396 shares during the last quarter. AXA S.A. grew its holdings in shares of Brookfield by 42.2% in the 2nd quarter. AXA S.A. now owns 103,531 shares of the company’s stock valued at $6,403,000 after acquiring an additional 30,703 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Brookfield by 29.6% in the 2nd quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock valued at $1,577,000 after acquiring an additional 5,821 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of BN opened at $45.59 on Wednesday. The company has a market cap of $111.72 billion, a price-to-earnings ratio of 89.39 and a beta of 1.53. Brookfield Corporation has a 1-year low of $37.93 and a 1-year high of $49.56. The company’s fifty day simple moving average is $43.95 and its 200 day simple moving average is $44.88. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54.

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 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 payout ratio is 54.90%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BN shares. National Bank Financial raised their price objective on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Royal Bank Of Canada decreased their price target on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Scotiabank restated an “outperform” rating and issued a $53.00 price target (up from $48.50) on shares of Brookfield in a research note on Friday, May 15th. Scotia boosted their target price on shares of Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a report on Friday, May 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.82.

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.