Capital Research Global Investors Acquires 682,137 Shares of Brookfield Corporation $BN

Capital Research Global Investors increased its holdings in Brookfield Corporation (NYSE:BN) by 47.0% during the 4th quarter, HoldingsChannel reports. The firm owned 2,134,876 shares of the company’s stock after buying an additional 682,137 shares during the period. Capital Research Global Investors’ holdings in Brookfield were worth $98,022,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Savant Capital LLC increased its position in Brookfield by 6.5% in the third quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock worth $253,000 after purchasing an additional 226 shares during the last quarter. State of Wyoming increased its position in Brookfield by 7.8% in the third quarter. State of Wyoming now owns 3,301 shares of the company’s stock worth $227,000 after purchasing an additional 240 shares during the last quarter. Hilltop National Bank increased its position in Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after purchasing an additional 241 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its position in Brookfield by 38.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock worth $60,000 after purchasing an additional 243 shares during the last quarter. Finally, New England Capital Financial Advisors LLC increased its position in 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 purchasing an additional 251 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Down 0.8%

NYSE BN opened at $44.24 on Tuesday. The company’s 50-day moving average price is $44.49 and its 200-day moving average price is $44.90. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54. The stock has a market cap of $108.41 billion, a PE ratio of 86.74 and a beta of 1.53. Brookfield Corporation has a 12 month low of $37.93 and a 12 month high of $49.56.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s dividend payout ratio is currently 54.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Scotia boosted their price objective on shares of Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. Royal Bank Of Canada cut their price objective on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. TD boosted their price objective on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Finally, National Bank Financial boosted their price objective on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. One research 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.