Brookfield Corporation $BN Shares Bought by TD Asset Management Inc

TD Asset Management Inc boosted its holdings in shares of Brookfield Corporation (NYSE:BN) by 46.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,763,047 shares of the company’s stock after purchasing an additional 11,323,960 shares during the period. Brookfield comprises approximately 1.3% of TD Asset Management Inc’s investment portfolio, making the stock its 14th biggest holding. TD Asset Management Inc’s holdings in Brookfield were worth $1,644,200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Savant Capital LLC lifted its position in Brookfield by 6.5% during the third quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock valued at $253,000 after purchasing an additional 226 shares during the period. State of Wyoming lifted its position in Brookfield by 7.8% during the third quarter. State of Wyoming now owns 3,301 shares of the company’s stock valued at $227,000 after purchasing an additional 240 shares during the period. Hilltop National Bank lifted its position in Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in Brookfield by 38.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock valued at $60,000 after purchasing an additional 243 shares during the period. Finally, New England Capital Financial Advisors LLC lifted its position in Brookfield by 50.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 251 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on BN. Royal Bank Of Canada decreased their target price on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Scotiabank reiterated an “outperform” rating and issued a $53.00 price objective (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. TD Securities reiterated a “buy” rating and issued a $60.00 price objective on shares of Brookfield in a research report on Tuesday, May 19th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Trading Down 3.8%

Shares of Brookfield stock opened at $43.88 on Thursday. The firm has a 50-day simple moving average of $44.19 and a two-hundred day simple moving average of $44.87. The company has a market cap of $107.53 billion, a P/E ratio of 86.03 and a beta of 1.53. Brookfield Corporation has a fifty-two week low of $37.93 and a fifty-two week high of $49.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32.

Brookfield Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.6%. Brookfield’s dividend payout ratio is 54.90%.

Brookfield Company 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.