Jefferies Financial Group Inc. Purchases New Position in Brookfield Corporation $BN

Jefferies Financial Group Inc. purchased a new stake in Brookfield Corporation (NYSE:BN) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,119,000 shares of the company’s stock, valued at approximately $51,351,000.

Other hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Brookfield in the 4th quarter valued at approximately $27,000. Hilltop National Bank raised its holdings in Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after buying an additional 241 shares during the period. New England Capital Financial Advisors LLC raised its holdings in Brookfield by 50.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after buying an additional 251 shares during the period. Entrust Financial LLC acquired a new stake in Brookfield during the 4th quarter worth approximately $35,000. Finally, ST Germain D J Co. Inc. raised its holdings in Brookfield by 49.9% during the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock worth $37,000 after buying an additional 270 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Price Performance

NYSE BN opened at $45.37 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. Brookfield Corporation has a 12-month low of $37.54 and a 12-month high of $49.56. The company has a market capitalization of $111.19 billion, a PE ratio of 88.96 and a beta of 1.55. The firm’s 50 day moving average is $43.15 and its 200-day moving average is $44.89.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. Brookfield’s dividend payout ratio (DPR) is currently 54.90%.

Analyst Upgrades and Downgrades

Several brokerages have commented on BN. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. TD lifted their price objective on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Morgan Stanley reiterated an “overweight” rating and issued a $61.00 price objective (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. BMO Capital Markets lifted their price objective on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, Scotiabank reiterated an “outperform” rating and issued a $53.00 price objective (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.