Segall Bryant & Hamill LLC Purchases Shares of 235,916 Brookfield Corporation $BN

Segall Bryant & Hamill LLC acquired a new position in shares of Brookfield Corporation (NYSE:BN) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 235,916 shares of the company’s stock, valued at approximately $9,564,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Western Wealth Management LLC bought a new position in shares of Brookfield in the first quarter valued at about $93,000. Janus Henderson Group PLC grew its stake in Brookfield by 7.4% in the 1st quarter. Janus Henderson Group PLC now owns 341,520 shares of the company’s stock valued at $13,810,000 after buying an additional 23,460 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in Brookfield by 15.0% in the 1st quarter. Arkadios Wealth Advisors now owns 18,206 shares of the company’s stock valued at $737,000 after acquiring an additional 2,368 shares during the period. Opal Capital LLC lifted its position in Brookfield by 2,167.6% during the first quarter. Opal Capital LLC now owns 103,379 shares of the company’s stock worth $4,184,000 after acquiring an additional 98,820 shares during the last quarter. Finally, Amundi lifted its position in Brookfield by 14.1% during the first quarter. Amundi now owns 2,696,723 shares of the company’s stock worth $109,136,000 after acquiring an additional 333,843 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Price Performance

Shares of NYSE BN opened at $42.55 on Monday. The business has a fifty day moving average price of $43.83 and a two-hundred day moving average price of $44.11. The stock has a market capitalization of $104.32 billion, a PE ratio of 83.43 and a beta of 1.54. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20. Brookfield Corporation has a fifty-two week low of $37.93 and a fifty-two week high of $49.56.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 15th. Brookfield’s dividend payout ratio (DPR) is currently 54.90%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BN shares. TD Securities reaffirmed a “buy” rating and issued a $60.00 target price on shares of Brookfield in a research report on Tuesday, May 19th. Scotiabank restated an “outperform” rating and issued a $53.00 price target (up from $48.50) on shares of Brookfield in a research note on Friday, May 15th. TD upped their price objective on Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Morgan Stanley set a $59.00 price objective on Brookfield and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Finally, BMO Capital Markets raised shares of Brookfield to a “strong-buy” rating in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Brookfield has a consensus rating of “Buy” and an average target price of $56.64.

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.