Quantinno Capital Management LP Grows Stake in Brookfield Corporation $BN

Quantinno Capital Management LP grew its stake in shares of Brookfield Corporation (NYSE:BN) by 24.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 272,513 shares of the company’s stock after purchasing an additional 53,778 shares during the quarter. Quantinno Capital Management LP’s holdings in Brookfield were worth $11,027,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BN shares. 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. BMO Capital Markets raised Brookfield to a “strong-buy” rating in a research report on Monday, July 27th. Royal Bank Of Canada lowered their target price on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 15th. National Bank Financial upped their price target on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. increased 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. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $56.64.

Brookfield Stock Performance

Shares of Brookfield stock opened at $43.59 on Tuesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. The firm’s 50-day simple moving average is $43.79 and its 200-day simple moving average is $44.09. Brookfield Corporation has a 1 year low of $37.93 and a 1 year high of $49.56. The firm has a market cap of $106.88 billion, a PE ratio of 85.47 and a beta of 1.54.

Brookfield Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, June 15th. Brookfield’s payout ratio is currently 54.90%.

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.