Brookfield Corporation $BN Stake Raised by Van Den Berg Management I Inc.

Van Den Berg Management I Inc. increased its position in Brookfield Corporation (NYSE:BN) by 46.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 297,347 shares of the company’s stock after purchasing an additional 94,790 shares during the period. Brookfield accounts for 3.1% of Van Den Berg Management I Inc.’s investment portfolio, making the stock its 7th largest holding. Van Den Berg Management I Inc.’s holdings in Brookfield were worth $13,645,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BN. AQR Capital Management LLC lifted its position in shares of Brookfield by 147.5% in the first quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock worth $963,000 after buying an additional 11,069 shares in the last quarter. NewEdge Advisors LLC increased its stake in Brookfield by 13.5% during the first quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock worth $130,000 after acquiring an additional 295 shares during the last quarter. Sivia Capital Partners LLC increased its stake in Brookfield by 32.3% during the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock worth $353,000 after acquiring an additional 1,396 shares during the last quarter. AXA S.A. increased its stake in Brookfield by 42.2% during the second quarter. AXA S.A. now owns 103,531 shares of the company’s stock worth $6,403,000 after acquiring an additional 30,703 shares during the last quarter. Finally, Squarepoint Ops LLC increased its stake in Brookfield by 29.6% during the second quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock worth $1,577,000 after acquiring an additional 5,821 shares during the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. National Bank Financial boosted their price objective on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. JPMorgan Chase & Co. boosted their price objective on Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Morgan Stanley reissued an “overweight” rating and set a $61.00 price objective (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. Finally, Scotia boosted their price objective on Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Trading Down 0.0%

BN opened at $45.66 on Wednesday. The stock has a market cap of $111.92 billion, a price-to-earnings ratio of 89.53 and a beta of 1.53. The stock’s 50 day moving average price is $45.11 and its 200-day moving average price is $44.91. Brookfield Corporation has a one year low of $37.93 and a one year 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 is currently 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.