Capital World Investors Raises Stake in Brookfield Corporation $BN

Capital World Investors raised its position in Brookfield Corporation (NYSE:BN) by 45.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,069,016 shares of the company’s stock after acquiring an additional 30,755,354 shares during the quarter. Capital World Investors’ holdings in Brookfield were worth $4,546,443,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its stake in Brookfield by 47.0% in the fourth quarter. Capital Research Global Investors now owns 2,134,876 shares of the company’s stock worth $98,022,000 after acquiring an additional 682,137 shares during the last quarter. Capital International Sarl lifted its stake in Brookfield by 32.4% in the fourth quarter. Capital International Sarl now owns 340,830 shares of the company’s stock worth $15,641,000 after acquiring an additional 83,456 shares during the last quarter. Capital International Ltd. CA lifted its stake in Brookfield by 20.8% in the fourth quarter. Capital International Ltd. CA now owns 167,059 shares of the company’s stock worth $7,666,000 after acquiring an additional 28,766 shares during the last quarter. Capital International Inc. CA lifted its stake in Brookfield by 15.6% in the fourth quarter. Capital International Inc. CA now owns 160,900 shares of the company’s stock worth $7,384,000 after acquiring an additional 21,692 shares during the last quarter. Finally, Tacita Capital Inc lifted its stake in Brookfield by 55.3% in the fourth quarter. Tacita Capital Inc now owns 178,150 shares of the company’s stock worth $8,185,000 after acquiring an additional 63,447 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 1.0%

Shares of NYSE:BN opened at $44.60 on Friday. The company has a market capitalization of $109.30 billion, a PE ratio of 87.45 and a beta of 1.53. 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 Corporation has a twelve month low of $37.93 and a twelve month high of $49.56. The firm has a 50 day simple moving average of $44.40 and a 200-day simple moving average of $44.88.

Brookfield Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Royal Bank Of Canada reduced their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Morgan Stanley restated an “overweight” rating and set a $61.00 price objective (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price objective on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Finally, Scotia boosted their price objective on shares of Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Brookfield currently has an average rating of “Moderate Buy” and a consensus target price 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.