Brookfield Corporation $BN is Partners Group Holding AG’s 5th Largest Position

Partners Group Holding AG raised its position in shares of Brookfield Corporation (NYSE:BN) by 36.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,320,346 shares of the company’s stock after buying an additional 351,800 shares during the quarter. Brookfield comprises about 4.1% of Partners Group Holding AG’s investment portfolio, making the stock its 5th largest holding. Partners Group Holding AG owned approximately 0.05% of Brookfield worth $60,591,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BN. AQR Capital Management LLC lifted its position in shares of Brookfield by 147.5% during 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 raised its position 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 purchasing an additional 295 shares during the last quarter. Sivia Capital Partners LLC raised its position 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 valued at $353,000 after purchasing an additional 1,396 shares during the last quarter. AXA S.A. raised its position in shares of 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 purchasing an additional 30,703 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of 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 purchasing an additional 5,821 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BN has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $61.00 price objective (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. Scotiabank reaffirmed an “outperform” rating and issued a $53.00 price objective (up from $48.50) on shares of Brookfield in a research report on Friday. Finally, National Bank Financial increased their price objective on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. One equities research 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Price Performance

Shares of NYSE BN opened at $44.30 on Wednesday. The stock has a market capitalization of $108.56 billion, a price-to-earnings ratio of 86.85 and a beta of 1.55. Brookfield Corporation has a 12 month low of $37.54 and a 12 month high of $49.56. The firm’s 50 day simple moving average is $42.89 and its 200-day simple moving average is $44.90. 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 Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 0.6%. Brookfield’s dividend payout ratio (DPR) is currently 54.90%.

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.