Investment House LLC Buys 24,828 Shares of Brookfield Corporation $BN

Investment House LLC boosted its holdings in Brookfield Corporation (NYSE:BN) by 51.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,894 shares of the company’s stock after purchasing an additional 24,828 shares during the quarter. Investment House LLC’s holdings in Brookfield were worth $3,345,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BN. AQR Capital Management LLC grew its holdings in Brookfield by 147.5% in the first quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock worth $963,000 after purchasing an additional 11,069 shares during the period. NewEdge Advisors LLC grew its holdings in Brookfield by 13.5% in the first quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock worth $130,000 after purchasing an additional 295 shares during the period. Sivia Capital Partners LLC grew its holdings in Brookfield by 32.3% in the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock worth $353,000 after purchasing an additional 1,396 shares during the period. AXA S.A. grew its holdings in Brookfield by 42.2% in the second quarter. AXA S.A. now owns 103,531 shares of the company’s stock worth $6,403,000 after purchasing an additional 30,703 shares during the period. Finally, Squarepoint Ops LLC grew its holdings in Brookfield by 29.6% in the second quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock worth $1,577,000 after purchasing an additional 5,821 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 1.7%

BN opened at $44.30 on Wednesday. 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 market capitalization of $108.56 billion, a PE ratio of 86.85 and a beta of 1.55. The firm’s 50 day simple moving average is $42.89 and its two-hundred day simple moving average is $44.90.

Brookfield Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.07 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.28 annualized dividend and a yield of 0.6%. Brookfield’s dividend payout ratio (DPR) is presently 54.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BN. National Bank Financial upped their price objective on shares of Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. BMO Capital Markets upped their price objective on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. TD increased their price target on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Scotia increased their price target on shares of Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a report on Friday, May 15th. One equities research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.82.

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.