Foundations Investment Advisors LLC Raises Stake in Brookfield Corporation $BN

Foundations Investment Advisors LLC grew its stake in shares of Brookfield Corporation (NYSE:BN) by 69.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,280 shares of the company’s stock after purchasing an additional 14,839 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Brookfield were worth $1,665,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. IFG Advisory LLC bought a new stake in shares of Brookfield in the fourth quarter valued at about $362,000. Huntington National Bank raised its holdings in shares of Brookfield by 29.3% in the fourth quarter. Huntington National Bank now owns 10,682 shares of the company’s stock valued at $490,000 after acquiring an additional 2,420 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Brookfield by 61.0% in the fourth quarter. Geode Capital Management LLC now owns 19,679,423 shares of the company’s stock valued at $913,592,000 after acquiring an additional 7,459,189 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of Brookfield by 20.5% in the fourth quarter. Fidelis Capital Partners LLC now owns 8,437 shares of the company’s stock valued at $387,000 after acquiring an additional 1,438 shares in the last quarter. Finally, King Luther Capital Management Corp raised its holdings in shares of Brookfield by 48.6% in the fourth quarter. King Luther Capital Management Corp now owns 153,823 shares of the company’s stock valued at $7,059,000 after acquiring an additional 50,306 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BN shares. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. National Bank Financial lifted their price objective on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. JPMorgan Chase & Co. lifted their price objective on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. BMO Capital Markets lifted their price objective on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, TD Securities restated a “buy” rating and issued a $60.00 price objective on shares of Brookfield in a report on Tuesday, May 19th. One research 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Price Performance

Shares of BN stock opened at $45.60 on Friday. Brookfield Corporation has a fifty-two week low of $37.83 and a fifty-two week high of $49.56. The firm has a market capitalization of $111.74 billion, a price-to-earnings ratio of 89.40 and a beta of 1.55. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. The stock’s 50-day simple moving average is $43.83 and its 200-day simple moving average is $44.90.

Brookfield Announces Dividend

The firm also recently declared 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 is Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. Brookfield’s payout ratio is presently 54.90%.

Brookfield 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.