384,342 Shares in Brookfield Corporation $BN Acquired by Life Cycle Investment Partners Ltd

Life Cycle Investment Partners Ltd bought a new position in shares of Brookfield Corporation (NYSE:BN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 384,342 shares of the company’s stock, valued at approximately $17,637,000.

A number of other large investors have also recently made changes to their positions in BN. Vanguard Group Inc. increased its stake in shares of Brookfield by 52.1% during 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 period. Northwestern Mutual Wealth Management Co. increased its stake in 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 purchasing an additional 18,536,964 shares during the last quarter. Principal Financial Group Inc. increased its stake in 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 purchasing an additional 14,200,710 shares during the last quarter. Lone Pine Capital LLC increased its stake in Brookfield by 81.1% in the third quarter. Lone Pine Capital LLC now owns 10,181,348 shares of the company’s stock valued at $698,237,000 after purchasing an additional 4,559,963 shares during the last quarter. Finally, Markel Group Inc. increased its stake in Brookfield by 50.0% in the fourth quarter. Markel Group Inc. now owns 13,073,609 shares of the company’s stock valued at $599,948,000 after purchasing an additional 4,357,868 shares during the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on BN shares. BMO Capital Markets increased their price target on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. increased their price target 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. Scotia increased their price target on shares of Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research note on Friday, May 15th. Scotiabank reiterated 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. Finally, TD increased their price target on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. One 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $56.82.

Brookfield Price Performance

BN stock opened at $45.37 on Friday. The company has a market capitalization of $111.19 billion, a P/E ratio of 88.96 and a beta of 1.55. Brookfield Corporation has a twelve month low of $37.54 and a twelve month high of $49.56. The business has a 50 day simple moving average of $43.15 and a 200-day simple moving average of $44.89. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.07 dividend. 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 presently 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.