Brookfield Corporation $BN Shares Sold by Van Den Berg Management I Inc.

Van Den Berg Management I Inc. cut its holdings in Brookfield Corporation (NYSE:BN) by 20.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 236,693 shares of the company’s stock after selling 60,654 shares during the quarter. Brookfield accounts for about 2.2% of Van Den Berg Management I Inc.’s portfolio, making the stock its 14th biggest position. Van Den Berg Management I Inc.’s holdings in Brookfield were worth $9,579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. AQR Capital Management LLC raised 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 boosted its holdings in Brookfield by 13.5% during the first quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock worth $130,000 after buying an additional 295 shares in the last quarter. Sivia Capital Partners LLC grew its position in Brookfield by 32.3% in the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock worth $353,000 after buying an additional 1,396 shares during the last quarter. AXA S.A. grew its position in Brookfield by 42.2% in the second quarter. AXA S.A. now owns 103,531 shares of the company’s stock worth $6,403,000 after buying an additional 30,703 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of Brookfield by 29.6% in the second quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock valued at $1,577,000 after buying an additional 5,821 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. National Bank Financial increased their price objective on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Royal Bank Of Canada decreased their target price on Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Scotia boosted their target price on Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. TD upped their target price on Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Finally, Scotiabank reiterated an “outperform” rating and issued a $53.00 price target (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $56.64.

Brookfield Stock Up 1.2%

Shares of NYSE:BN opened at $41.69 on Friday. The firm has a 50 day simple moving average of $44.12 and a 200 day simple moving average of $44.34. Brookfield Corporation has a 52 week low of $37.93 and a 52 week high of $49.56. 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 company has a market cap of $102.18 billion, a PE ratio of 81.74 and a beta of 1.54.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 15th. Brookfield’s payout ratio is 54.90%.

Brookfield 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.