Capital International Sarl Has $15.64 Million Stock Holdings in Brookfield Corporation $BN

Capital International Sarl raised its stake in Brookfield Corporation (NYSE:BN) by 32.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 340,830 shares of the company’s stock after buying an additional 83,456 shares during the quarter. Capital International Sarl’s holdings in Brookfield were worth $15,641,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BN. AQR Capital Management LLC raised its holdings in Brookfield by 147.5% in the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock valued at $963,000 after acquiring an additional 11,069 shares in the last quarter. NewEdge Advisors LLC raised its holdings in 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 acquiring an additional 295 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Brookfield by 32.3% in the 2nd 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 in the last quarter. AXA S.A. raised its holdings in Brookfield by 42.2% in the 2nd quarter. AXA S.A. now owns 103,531 shares of the company’s stock valued at $6,403,000 after acquiring an additional 30,703 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in Brookfield by 29.6% in the 2nd quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock valued at $1,577,000 after acquiring an additional 5,821 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Price Performance

Shares of BN stock opened at $44.60 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 twelve month low of $37.93 and a twelve month high of $49.56. The company has a market cap of $109.30 billion, a P/E ratio of 87.45 and a beta of 1.53. The business has a fifty day simple moving average of $44.40 and a 200 day simple moving average of $44.88.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s dividend payout ratio is currently 54.90%.

Analyst Ratings Changes

Several equities analysts have weighed in on BN shares. TD lifted 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. TD Securities reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Brookfield in a report on Tuesday, May 19th. Scotiabank reissued an “outperform” rating and set a $53.00 price target (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. Morgan Stanley restated an “overweight” rating and set a $61.00 price objective (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. Finally, BMO Capital Markets upped their price objective on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.82.

Brookfield Company 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.