Brookfield Corporation $BN Shares Bought by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. boosted its stake in shares of Brookfield Corporation (NYSE:BN) by 2.5% during the 2nd quarter, Holdings Channel reports. The firm owned 3,247,627 shares of the company’s stock after acquiring an additional 80,738 shares during the quarter. Brookfield comprises approximately 3.3% of Cardinal Capital Management Inc.’s investment portfolio, making the stock its 14th largest position. Cardinal Capital Management Inc.’s holdings in Brookfield were worth $138,287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Truvestments Capital LLC raised its holdings in shares of Brookfield by 49.9% in the fourth quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after buying an additional 213 shares during the last quarter. Meadow Creek Wealth Advisors LLC grew its holdings in shares of Brookfield by 2.3% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company’s stock valued at $417,000 after buying an additional 234 shares during the last quarter. New England Capital Financial Advisors LLC grew its holdings 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 valued at $34,000 after buying an additional 251 shares during the last quarter. ST Germain D J Co. Inc. grew its holdings 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 valued at $37,000 after buying an additional 270 shares during the last quarter. Finally, State of Wyoming increased its position in shares of Brookfield by 6.0% in the 1st quarter. State of Wyoming now owns 5,151 shares of the company’s stock valued at $208,000 after acquiring an additional 290 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BN. Morgan Stanley set a $59.00 target price on Brookfield and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. 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. Royal Bank Of Canada cut their price objective on Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. TD raised their price objective on Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $53.00 target price (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $56.64.

Brookfield Price Performance

Shares of BN opened at $44.82 on Wednesday. The business’s 50-day moving average is $43.63 and its two-hundred day moving average is $43.98. The company has a market capitalization of $109.89 billion, a P/E ratio of 87.88 and a beta of 1.54. 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 fifty-two week low of $37.93 and a fifty-two week high of $49.56.

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.