Focus Partners Wealth Increases Holdings in Brookfield Corporation $BN

Focus Partners Wealth raised its stake in shares of Brookfield Corporation (NYSE:BN) by 52.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,550,292 shares of the company’s stock after buying an additional 530,837 shares during the quarter. Focus Partners Wealth’s holdings in Brookfield were worth $71,144,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BN. AQR Capital Management LLC increased its holdings in shares of Brookfield by 147.5% in the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock worth $963,000 after purchasing an additional 11,069 shares in the last quarter. NewEdge Advisors LLC increased 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 worth $130,000 after purchasing an additional 295 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Brookfield by 32.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock worth $353,000 after purchasing an additional 1,396 shares in the last quarter. AXA S.A. increased its holdings in shares of Brookfield by 42.2% in the 2nd quarter. AXA S.A. now owns 103,531 shares of the company’s stock worth $6,403,000 after purchasing an additional 30,703 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of Brookfield by 29.6% in the 2nd quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock worth $1,577,000 after purchasing an additional 5,821 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

BN has been the subject of a number of research analyst reports. Royal Bank Of Canada reduced their target price on 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 lifted their target price on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. TD Securities reissued a “buy” rating and issued a $60.00 target price on shares of Brookfield in a report on Tuesday, May 19th. Scotiabank reaffirmed 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Stock Performance

Shares of BN opened at $45.19 on Monday. 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 one year low of $37.93 and a one year high of $49.56. The firm has a market capitalization of $110.74 billion, a P/E ratio of 88.60 and a beta of 1.53. The business has a fifty day moving average of $44.92 and a 200 day moving average of $44.92.

Brookfield Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, June 15th. This represents a $0.28 annualized dividend and a yield of 0.6%. Brookfield’s payout ratio is 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.