Northwestern Mutual Wealth Management Co. Has $6.67 Million Stake in Brookfield Corporation $BN

Northwestern Mutual Wealth Management Co. trimmed its position in shares of Brookfield Corporation (NYSE:BN) by 31.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 145,232 shares of the company’s stock after selling 65,777 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Brookfield were worth $6,665,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BN. Exchange Traded Concepts LLC acquired a new position in shares of Brookfield during the fourth quarter worth approximately $27,000. Hilltop National Bank raised its position in shares of Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after purchasing an additional 241 shares during the period. New England Capital Financial Advisors LLC raised its position in shares of Brookfield by 50.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after purchasing an additional 251 shares during the period. Entrust Financial LLC acquired a new position in shares of Brookfield during the fourth quarter worth approximately $35,000. Finally, ST Germain D J Co. Inc. raised its position in shares of Brookfield by 49.9% during the fourth quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock worth $37,000 after purchasing an additional 270 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Stock Up 0.6%

Shares of NYSE BN opened at $45.59 on Wednesday. Brookfield Corporation has a 52 week low of $37.93 and a 52 week high of $49.56. The business has a 50-day simple moving average of $43.95 and a two-hundred day simple moving average of $44.88. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The company 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 announced 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 is Monday, June 15th. This represents a $0.28 annualized dividend and a yield of 0.6%. Brookfield’s dividend payout ratio (DPR) is currently 54.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BN shares. Royal Bank Of Canada lowered their price target on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Scotia increased their price target on 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 set a $60.00 price target on shares of Brookfield in a research note on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $61.00 price target (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. One 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.