Fiera Capital Corp Purchases 15,579 Shares of Brookfield Corporation $BN

Fiera Capital Corp increased its holdings in shares of Brookfield Corporation (NYSE:BN) by 47.3% during the fourth quarter, Holdings Channel reports. The fund owned 48,488 shares of the company’s stock after purchasing an additional 15,579 shares during the period. Fiera Capital Corp’s holdings in Brookfield were worth $2,227,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. MCF Advisors LLC bought a new position in shares of Brookfield in the fourth quarter valued at about $26,000. Exchange Traded Concepts LLC bought a new position in shares of Brookfield in the fourth quarter worth about $27,000. Hilltop National Bank lifted its position in shares of Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after purchasing an additional 241 shares in the last quarter. New England Capital Financial Advisors LLC grew its stake in shares of 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 last quarter. Finally, Entrust Financial LLC acquired a new stake in shares of Brookfield in the fourth quarter valued at approximately $35,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of BN opened at $45.50 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. The stock has a market cap of $111.51 billion, a P/E ratio of 89.22 and a beta of 1.53. The stock’s 50-day moving average price is $44.62 and its two-hundred day moving average price is $44.91. Brookfield Corporation has a 1 year low of $37.93 and a 1 year high of $49.56.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.07 per share. The ex-dividend date 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 currently 54.90%.

Wall Street Analysts Forecast Growth

BN has been the topic of a number of recent research reports. BMO Capital Markets increased their price objective on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Scotia upped their price target on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. lifted their price objective on Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Scotiabank restated an “outperform” rating and set a $53.00 target price (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. Finally, TD lifted their price target on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research 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. Based on data from MarketBeat, the company currently has an average 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.