Brookfield Corporation $BN Shares Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. raised its stake in shares of Brookfield Corporation (NYSE:BN) by 50.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 36,082 shares of the company’s stock after purchasing an additional 12,027 shares during the period. Bridges Investment Management Inc.’s holdings in Brookfield were worth $1,656,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in Brookfield by 147.5% during the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock valued at $963,000 after acquiring an additional 11,069 shares during the period. NewEdge Advisors LLC boosted its holdings in Brookfield by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after acquiring an additional 295 shares during the period. Sivia Capital Partners LLC boosted its holdings in Brookfield by 32.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock valued at $353,000 after acquiring an additional 1,396 shares during the period. AXA S.A. boosted its holdings in Brookfield by 42.2% during the 2nd quarter. AXA S.A. now owns 103,531 shares of the company’s stock valued at $6,403,000 after acquiring an additional 30,703 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in Brookfield by 29.6% during the 2nd quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock valued at $1,577,000 after acquiring an additional 5,821 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Price Performance

BN stock opened at $43.88 on Thursday. 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 market capitalization of $107.53 billion, a P/E ratio of 86.03 and a beta of 1.53. The business’s 50-day moving average is $44.19 and its two-hundred day moving average is $44.87. Brookfield Corporation has a 1 year low of $37.93 and a 1 year high of $49.56.

Brookfield Announces Dividend

The business 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 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 dividend payout ratio (DPR) is currently 54.90%.

Analyst Upgrades and Downgrades

BN has been the subject of a number of research analyst reports. Scotiabank restated an “outperform” rating and set a $53.00 target price (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. BMO Capital Markets raised their target price on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. TD Securities restated a “buy” rating and set a $60.00 target price on shares of Brookfield in a report on Tuesday, May 19th. Scotia raised their target price on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a report on Friday, May 15th. Finally, TD raised their target price on Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. One 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.