One Capital Management LLC Purchases New Shares in Brookfield Corporation $BN

One Capital Management LLC purchased a new stake in shares of Brookfield Corporation (NYSE:BN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,948 shares of the company’s stock, valued at approximately $732,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BN. Exchange Traded Concepts LLC acquired a new stake in Brookfield during the fourth quarter valued at $27,000. Hilltop National Bank grew 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 buying an additional 241 shares during the period. New England Capital Financial Advisors LLC grew 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 buying an additional 251 shares during the period. Entrust Financial LLC acquired a new stake in Brookfield during the fourth quarter valued at $35,000. Finally, ST Germain D J Co. Inc. grew its position in Brookfield by 49.9% during the fourth quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after buying an additional 270 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of BN stock opened at $45.01 on Friday. 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’s 50-day moving average is $44.30 and its two-hundred day moving average is $44.88. Brookfield Corporation has a 12 month low of $37.93 and a 12 month high of $49.56. The company has a market capitalization of $110.32 billion, a PE ratio of 88.26 and a beta of 1.53.

Brookfield Dividend Announcement

The company 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 dividend of $0.07 per share. 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 payout ratio is 54.90%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Scotia raised their price target 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. Scotiabank restated an “outperform” rating and set a $53.00 price target (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. Morgan Stanley reiterated an “overweight” rating and issued a $61.00 target price (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their target price on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, BMO Capital Markets lifted their target price on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.