SHP Wealth Management Purchases Shares of 19,970 Brookfield Corporation $BN

SHP Wealth Management purchased a new position in shares of Brookfield Corporation (NYSE:BN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 19,970 shares of the company’s stock, valued at approximately $916,000.

Other large investors also recently modified their holdings of the company. Chemistry Wealth Management LLC boosted its position in shares of Brookfield by 51.6% during the 4th quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company’s stock worth $20,082,000 after purchasing an additional 148,893 shares in the last quarter. PCJ Investment Counsel Ltd. increased its position in Brookfield by 110.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company’s stock valued at $15,966,000 after buying an additional 122,040 shares in the last quarter. Florida Trust Wealth Management Co increased its position in Brookfield by 49.0% in the 4th quarter. Florida Trust Wealth Management Co now owns 1,176,417 shares of the company’s stock valued at $53,986,000 after buying an additional 387,068 shares in the last quarter. Citigroup Inc. raised its stake in Brookfield by 49.5% during the 3rd quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock worth $45,817,000 after buying an additional 221,078 shares during the period. Finally, Vanguard Group Inc. raised its stake in Brookfield by 52.1% during the 4th quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock worth $4,228,915,000 after buying an additional 31,543,313 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Trading Up 0.1%

BN opened at $44.50 on Friday. Brookfield Corporation has a fifty-two week low of $37.93 and a fifty-two week high of $49.56. The firm has a market capitalization of $109.08 billion, a PE ratio of 87.25 and a beta of 1.53. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20. The company’s 50-day moving average is $45.31 and its 200 day moving average is $44.88.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 is 54.90%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Scotia raised their price objective on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research note on Friday, May 15th. Morgan Stanley reaffirmed an “overweight” rating and set a $61.00 target price (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. JPMorgan Chase & Co. upped their target price on Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. Finally, TD lifted their price target on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. One 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 has a consensus rating of “Moderate Buy” and a consensus price target of $56.82.

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.