Callahan Advisors LLC Has $32.30 Million Position in Brookfield Corporation $BN

Callahan Advisors LLC increased its position in shares of Brookfield Corporation (NYSE:BN) by 47.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 703,895 shares of the company’s stock after acquiring an additional 227,739 shares during the quarter. Brookfield comprises 2.7% of Callahan Advisors LLC’s holdings, making the stock its 7th biggest position. Callahan Advisors LLC’s holdings in Brookfield were worth $32,302,000 at the end of the most recent reporting period.

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

Brookfield Stock Up 2.4%

BN stock opened at $45.34 on Thursday. 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 $111.11 billion, a PE ratio of 88.90 and a beta of 1.55. Brookfield Corporation has a one year low of $37.54 and a one year high of $49.56. The firm’s fifty day moving average is $42.98 and its 200 day moving average is $44.89.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s dividend payout ratio (DPR) is presently 54.90%.

Wall Street Analyst Weigh In

BN has been the subject of a number of research analyst reports. BMO Capital Markets raised their price target on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Royal Bank Of Canada cut their price objective 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. Scotia increased their price objective on shares of Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 15th. TD Securities reiterated a “buy” rating and issued a $60.00 price objective on shares of Brookfield in a research note on Tuesday. Finally, Scotiabank reiterated an “outperform” rating and issued a $53.00 price objective (up from $48.50) on shares of Brookfield in a research note on Friday, May 15th. One equities 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.