Partners Group Holding AG Acquires 351,800 Shares of Brookfield Corporation $BN

Partners Group Holding AG grew its holdings in shares of Brookfield Corporation (NYSE:BN) by 36.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,320,346 shares of the company’s stock after purchasing an additional 351,800 shares during the quarter. Brookfield makes up about 4.1% of Partners Group Holding AG’s portfolio, making the stock its 5th biggest holding. Partners Group Holding AG’s holdings in Brookfield were worth $60,591,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Investment House LLC boosted its position in shares of Brookfield by 51.7% during the 4th quarter. Investment House LLC now owns 72,894 shares of the company’s stock valued at $3,345,000 after acquiring an additional 24,828 shares during the last quarter. Intrust Bank NA boosted its position in shares of Brookfield by 49.3% during the 4th quarter. Intrust Bank NA now owns 11,316 shares of the company’s stock valued at $519,000 after acquiring an additional 3,738 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Brookfield by 50.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 3,156 shares of the company’s stock valued at $145,000 after acquiring an additional 1,056 shares during the last quarter. Berbice Capital Management LLC boosted its position in shares of Brookfield by 50.0% during the 4th quarter. Berbice Capital Management LLC now owns 2,550 shares of the company’s stock valued at $117,000 after acquiring an additional 850 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Brookfield by 43.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 231,407 shares of the company’s stock valued at $10,619,000 after acquiring an additional 70,229 shares during the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Ratings Changes

BN has been the topic of several recent research reports. Morgan Stanley reissued an “overweight” rating and set a $61.00 price target (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price target on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. National Bank Financial boosted their price target on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. TD Securities reissued a “buy” rating and set a $60.00 price target on shares of Brookfield in a research report on Tuesday. Finally, TD boosted their price target on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday. One 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 stock. According to MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and an average price target of $56.82.

Brookfield Stock Down 1.7%

Shares of BN opened at $44.30 on Wednesday. The stock has a market capitalization of $108.56 billion, a PE ratio of 86.85 and a beta of 1.55. Brookfield Corporation has a 1 year low of $37.54 and a 1 year high of $49.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. The company’s 50-day simple moving average is $42.89 and its 200-day simple moving average is $44.90.

Brookfield Dividend Announcement

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

About Brookfield

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.