One Capital Management LLC Buys New Stake in Brookfield Corporation $BN

One Capital Management LLC 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 Securities and Exchange Commission (SEC). The institutional investor bought 15,948 shares of the company’s stock, valued at approximately $732,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new position in shares of Brookfield in the fourth quarter worth $27,000. Hilltop National Bank raised its holdings in shares of Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after buying an additional 241 shares during the last quarter. New England Capital Financial Advisors LLC raised its holdings in shares of Brookfield by 50.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after buying an additional 251 shares during the last quarter. Entrust Financial LLC purchased a new position in shares of Brookfield in the fourth quarter worth $35,000. Finally, ST Germain D J Co. Inc. raised its holdings in shares of Brookfield by 49.9% in the fourth quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock worth $37,000 after buying an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Trading Up 2.6%

Shares of Brookfield stock opened at $45.01 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20. The firm has a fifty day moving average price of $44.30 and a 200 day moving average price of $44.88. Brookfield Corporation has a 1 year low of $37.93 and a 1 year high of $49.56. The stock has a market cap of $110.32 billion, a PE ratio of 88.26 and a beta of 1.53.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued 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 (DPR) is 54.90%.

Analysts Set New Price Targets

A number of research firms have issued reports on BN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. Scotiabank reaffirmed an “outperform” rating and issued a $53.00 price target (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. TD raised their price target on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Morgan Stanley reaffirmed an “overweight” rating and issued a $61.00 price target (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. Finally, BMO Capital Markets raised their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield 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.