Brookfield Corporation $BN Stock Holdings Decreased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its stake in Brookfield Corporation (NYSE:BN) by 58.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,427,505 shares of the company’s stock after selling 2,049,178 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Brookfield were worth $57,771,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Partners Value Investments L.P. increased its holdings in Brookfield by 50.0% in the fourth quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock valued at $8,324,719,000 after buying an additional 60,468,651 shares during the last quarter. Royal Bank of Canada lifted its holdings in Brookfield by 40.5% during the 4th quarter. Royal Bank of Canada now owns 113,652,306 shares of the company’s stock worth $5,215,504,000 after buying an additional 32,760,558 shares during the last quarter. Capital World Investors lifted its holdings in Brookfield by 45.0% during the 4th quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock worth $4,546,443,000 after buying an additional 30,755,354 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Brookfield by 52.1% in the 4th quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock worth $4,228,915,000 after acquiring an additional 31,543,313 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Brookfield by 27.9% in the 4th quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock worth $2,985,224,000 after acquiring an additional 14,200,710 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Up 1.2%

Brookfield stock opened at $41.69 on Friday. Brookfield Corporation has a 52-week low of $37.93 and a 52-week high of $49.56. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $102.18 billion, a price-to-earnings ratio of 81.74 and a beta of 1.54. The firm has a 50-day moving average price of $44.12 and a two-hundred day moving average price of $44.34.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.07 per share. The ex-dividend date was Monday, June 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. Brookfield’s payout ratio is currently 54.90%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. TD Securities reissued a “buy” rating and set a $60.00 price target on shares of Brookfield in a research report on Tuesday, May 19th. JPMorgan Chase & Co. lifted their price objective on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Scotia boosted their target price on shares of Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research note on Friday, May 15th. TD increased their target price on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Finally, Morgan Stanley set a $59.00 price target on shares of Brookfield and gave the stock an “overweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.64.

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.