Graybill Wealth Management LTD. Acquires 69,839 Shares of Brookfield Corporation $BN

Graybill Wealth Management LTD. grew its holdings in Brookfield Corporation (NYSE:BN) by 54.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 197,700 shares of the company’s stock after purchasing an additional 69,839 shares during the quarter. Brookfield comprises about 2.7% of Graybill Wealth Management LTD.’s investment portfolio, making the stock its 10th largest position. Graybill Wealth Management LTD.’s holdings in Brookfield were worth $9,072,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Savant Capital LLC raised its position in shares of Brookfield by 6.5% during the third quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock worth $253,000 after acquiring an additional 226 shares during the last quarter. 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 acquiring an additional 241 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of Brookfield by 38.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock worth $60,000 after acquiring an additional 243 shares during the last quarter. 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 acquiring an additional 251 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its position in shares of Brookfield by 7.7% during the third quarter. Wealthfront Advisers LLC now owns 3,659 shares of the company’s stock worth $251,000 after acquiring an additional 263 shares during the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Trading Up 0.4%

NYSE BN opened at $45.19 on Friday. Brookfield Corporation has a 12 month low of $37.93 and a 12 month high of $49.56. The stock has a 50-day simple moving average of $44.92 and a 200 day simple moving average of $44.92. The company has a market capitalization of $110.74 billion, a PE ratio of 88.60 and a beta of 1.53. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.07 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. Brookfield’s payout ratio is currently 54.90%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BN. TD boosted their target price on Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. 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. Morgan Stanley restated an “overweight” rating and set a $61.00 target price (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. Royal Bank Of Canada dropped their price objective on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Finally, TD Securities reiterated a “buy” rating and issued a $60.00 price objective on shares of Brookfield in a report on Tuesday, May 19th. 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 company. According to MarketBeat, Brookfield currently has an average rating of “Moderate Buy” and a consensus 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.