Mitsubishi UFJ Trust & Banking Corp Has $45.13 Million Stock Holdings in Brookfield Corporation $BN

Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Brookfield Corporation (NYSE:BN) by 16.7% in the third quarter, HoldingsChannel.com reports. The fund owned 658,072 shares of the company’s stock after acquiring an additional 94,033 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Brookfield were worth $45,131,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BN. GAMMA Investing LLC grew its stake in Brookfield by 7.4% during the second quarter. GAMMA Investing LLC now owns 2,451 shares of the company’s stock worth $152,000 after buying an additional 169 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Brookfield by 4.1% during the 2nd quarter. SG Americas Securities LLC now owns 4,333 shares of the company’s stock worth $268,000 after acquiring an additional 172 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of Brookfield by 7.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,957 shares of the company’s stock worth $183,000 after acquiring an additional 197 shares in the last quarter. Chicago Capital LLC increased its stake in Brookfield by 0.4% in the second quarter. Chicago Capital LLC now owns 56,563 shares of the company’s stock valued at $3,498,000 after acquiring an additional 200 shares during the last quarter. Finally, Rochester Wealth Strategies LLC raised its position in Brookfield by 3.0% during the second quarter. Rochester Wealth Strategies LLC now owns 7,825 shares of the company’s stock valued at $484,000 after purchasing an additional 225 shares in 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 a number of research analyst reports. TD Securities raised their target price on Brookfield from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 14th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $49.00 price objective (up from $46.00) on shares of Brookfield in a research note on Wednesday, December 17th. Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Royal Bank Of Canada restated an “outperform” rating and issued a $58.00 price target (up from $57.00) on shares of Brookfield in a research note on Monday, December 15th. Finally, Morgan Stanley set a $54.00 price target on shares of Brookfield and gave the company an “overweight” rating in a report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $53.87.

Brookfield Stock Performance

Shares of BN stock opened at $47.17 on Friday. The firm has a market capitalization of $116.82 billion, a price-to-earnings ratio of 131.01 and a beta of 1.58. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.54. The business’s 50-day moving average price is $46.28 and its 200-day moving average price is $45.33. Brookfield Corporation has a 12 month low of $29.07 and a 12 month high of $49.56.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Brookfield had a return on equity of 3.92% and a net margin of 1.34%.The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. Equities research analysts forecast that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, December 16th. Brookfield’s payout ratio is 66.67%.

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.