Chicago Partners Investment Group LLC Sells 14,106 Shares of Brookfield Corporation $BN

Chicago Partners Investment Group LLC cut its position in shares of Brookfield Corporation (NYSE:BN) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 408,338 shares of the company’s stock after selling 14,106 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Brookfield were worth $16,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Partners Value Investments L.P. grew its holdings in Brookfield by 50.0% during the 4th quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock worth $8,324,719,000 after acquiring an additional 60,468,651 shares during the period. Dodge & Cox acquired a new position in shares of Brookfield in the 4th quarter valued at about $1,894,354,000. Royal Bank of Canada boosted its position in shares of Brookfield by 40.5% during the 4th quarter. Royal Bank of Canada now owns 113,652,306 shares of the company’s stock valued at $5,215,504,000 after purchasing an additional 32,760,558 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Brookfield by 52.1% during the 4th quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock valued at $4,228,915,000 after purchasing an additional 31,543,313 shares in the last quarter. Finally, Capital World Investors grew its stake in Brookfield by 45.0% during the fourth quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock worth $4,546,443,000 after purchasing an additional 30,755,354 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Trading Up 0.0%

NYSE BN opened at $43.74 on Monday. The company has a market cap of $107.23 billion, a price-to-earnings ratio of 85.77 and a beta of 1.54. Brookfield Corporation has a 52 week low of $37.93 and a 52 week high of $49.56. The business has a 50 day moving average price of $44.78 and a 200-day moving average price of $44.58. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54.

Brookfield Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. National Bank Financial lifted their target price on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. JPMorgan Chase & Co. raised 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. TD Securities reiterated a “buy” rating and issued a $60.00 price objective on shares of Brookfield in a research note on Tuesday, May 19th. Morgan Stanley reiterated an “overweight” rating and issued a $61.00 price objective (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada cut their target price on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Brookfield has a consensus 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.