Leonteq Securities AG Makes New $767,000 Investment in Brookfield Corporation $BN

Leonteq Securities AG purchased a new position in Brookfield Corporation (NYSE:BN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,710 shares of the company’s stock, valued at approximately $767,000.

Several other hedge funds have also recently added to or reduced their stakes in BN. Exchange Traded Concepts LLC acquired a new position in Brookfield in the fourth quarter worth approximately $27,000. Hilltop National Bank grew its position in Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after buying an additional 241 shares during the last quarter. New England Capital Financial Advisors LLC grew its position in 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 acquired a new position in Brookfield in the fourth quarter worth approximately $35,000. Finally, ST Germain D J Co. Inc. grew its position in 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 and hedge funds own 61.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on BN shares. Scotiabank reiterated an “outperform” rating and set a $53.00 price objective (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. TD lifted their price objective on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Scotia lifted their price objective on shares of Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. Finally, Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Trading Down 0.2%

NYSE BN opened at $45.37 on Friday. The firm’s 50 day moving average price is $43.15 and its two-hundred day moving average price is $44.89. The stock has a market cap of $111.19 billion, a price-to-earnings ratio of 88.96 and a beta of 1.55. Brookfield Corporation has a twelve month low of $37.54 and a twelve month 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.

Brookfield Announces Dividend

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

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.