Brookfield Corporation $BN Shares Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario raised its holdings in Brookfield Corporation (NYSE:BN) by 198.5% in the 4th quarter, HoldingsChannel reports. The fund owned 373,179 shares of the company’s stock after acquiring an additional 248,181 shares during the period. Investment Management Corp of Ontario’s holdings in Brookfield were worth $17,125,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in 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 boosted its stake in Brookfield by 13.5% in the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock worth $130,000 after buying an additional 295 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Brookfield by 32.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock valued at $353,000 after buying an additional 1,396 shares during the period. AXA S.A. grew its holdings in 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 buying an additional 30,703 shares during the period. Finally, Squarepoint Ops LLC increased its stake in shares of Brookfield by 29.6% during 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 during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Trading Down 2.0%

NYSE:BN opened at $44.75 on Thursday. The business’s 50-day moving average is $45.19 and its two-hundred day moving average is $44.90. The firm has a market capitalization of $109.68 billion, a PE ratio of 87.74 and a beta of 1.53. Brookfield Corporation has a 12 month low of $37.93 and a 12 month high of $49.56. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20.

Brookfield Announces Dividend

The business 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 dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.28 annualized dividend and a yield of 0.6%. Brookfield’s payout ratio is 54.90%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BN. Scotia increased their price objective 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. National Bank Financial upped their price target on shares of Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. Morgan Stanley reiterated an “overweight” rating and issued a $61.00 price target (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.