Intech Investment Management LLC Has $3.06 Million Holdings in Brookfield Corporation $BN

Intech Investment Management LLC raised its stake in Brookfield Corporation (NYSE:BN) by 26.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,630 shares of the company’s stock after acquiring an additional 13,915 shares during the quarter. Intech Investment Management LLC’s holdings in Brookfield were worth $3,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BN. Exchange Traded Concepts LLC bought a new position in shares of Brookfield in the 4th quarter valued at about $27,000. Hilltop National Bank boosted its stake in shares of Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares during the last quarter. New England Capital Financial Advisors LLC boosted its stake in shares of Brookfield by 50.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 251 shares during the last quarter. Entrust Financial LLC bought a new position in shares of Brookfield in the 4th quarter valued at about $35,000. Finally, ST Germain D J Co. Inc. boosted its stake in shares of Brookfield by 49.9% in the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after purchasing an additional 270 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of BN opened at $45.59 on Wednesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. Brookfield Corporation has a twelve month low of $37.93 and a twelve month high of $49.56. The firm’s 50 day moving average price is $43.95 and its two-hundred day moving average price is $44.88. The firm has a market cap of $111.72 billion, a P/E ratio of 89.39 and a beta of 1.53.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 payout ratio is presently 54.90%.

Wall Street Analysts Forecast Growth

BN has been the topic of several recent research reports. Scotia raised their target price 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. Royal Bank Of Canada reduced their target price on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. National Bank Financial raised their target price 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. Scotiabank reaffirmed an “outperform” rating and issued a $53.00 target price (up from $48.50) on shares of Brookfield in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.