Brookfield Corporation $BN Shares Acquired by Capital World Investors

Capital World Investors raised its stake in shares of Brookfield Corporation (NYSE:BN) by 45.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,069,016 shares of the company’s stock after acquiring an additional 30,755,354 shares during the period. Capital World Investors owned approximately 4.00% of Brookfield worth $4,546,443,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BN. Vanguard Group Inc. increased its position in shares of Brookfield by 52.1% during the fourth quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock valued at $4,228,915,000 after acquiring an additional 31,543,313 shares during the last quarter. Norges Bank acquired a new stake in shares of Brookfield during the fourth quarter valued at about $1,227,555,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Brookfield by 8,784.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,747,973 shares of the company’s stock valued at $860,344,000 after acquiring an additional 18,536,964 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Brookfield by 27.9% during the fourth quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock valued at $2,985,224,000 after acquiring an additional 14,200,710 shares during the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of Brookfield by 46.3% in the fourth quarter. TD Asset Management Inc now owns 35,763,047 shares of the company’s stock valued at $1,644,200,000 after purchasing an additional 11,323,960 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Trading Down 1.0%

NYSE BN opened at $44.60 on Friday. Brookfield Corporation has a one year low of $37.93 and a one year high of $49.56. The firm has a 50 day simple moving average of $44.40 and a 200-day simple moving average of $44.88. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. The firm has a market cap of $109.30 billion, a price-to-earnings ratio of 87.45 and a beta of 1.53.

Brookfield Dividend Announcement

The company 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 is Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. Brookfield’s payout ratio is currently 54.90%.

Analyst Ratings Changes

BN has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $61.00 price objective (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. TD Securities reissued a “buy” rating and issued a $60.00 price objective on shares of Brookfield in a research note on Tuesday, May 19th. Scotia raised their price objective on shares of Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research note on Friday, May 15th. National Bank Financial raised their price objective on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, TD raised their price objective on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.