Leonteq Securities AG Buys Shares of 16,710 Brookfield Corporation $BN

Leonteq Securities AG bought a new stake in shares of Brookfield Corporation (NYSE:BN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 16,710 shares of the company’s stock, valued at approximately $767,000.

A number of other institutional investors also recently modified their holdings of BN. Exchange Traded Concepts LLC acquired a new stake in shares of Brookfield during the 4th quarter valued at $27,000. Hilltop National Bank boosted its stake in shares of Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after buying an additional 241 shares during the period. New England Capital Financial Advisors LLC boosted its stake in shares of Brookfield by 50.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after buying an additional 251 shares during the period. Entrust Financial LLC acquired a new stake in shares of Brookfield during the 4th quarter valued at $35,000. Finally, ST Germain D J Co. Inc. boosted its stake in shares of Brookfield by 49.9% during the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after buying an additional 270 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

BN has been the subject of several analyst reports. Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. National Bank Financial lifted their price objective on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Scotiabank reaffirmed an “outperform” rating and issued a $53.00 price objective (up from $48.50) on shares of Brookfield in a research note on Friday, May 15th. Morgan Stanley reaffirmed 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, TD Securities reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Brookfield in a research note on Tuesday. One investment 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $56.82.

Brookfield Stock Down 0.2%

BN stock opened at $45.37 on Friday. 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 Corporation has a 1 year low of $37.54 and a 1 year high of $49.56. The company has a fifty day simple moving average of $43.15 and a 200 day simple moving average of $44.89. The firm has a market cap of $111.19 billion, a PE ratio of 88.96 and a beta of 1.55.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 dividend on an annualized basis and a yield of 0.6%. Brookfield’s 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.