Tacita Capital Inc Buys 63,447 Shares of Brookfield Corporation $BN

Tacita Capital Inc boosted its stake in shares of Brookfield Corporation (NYSE:BN) by 55.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 178,150 shares of the company’s stock after buying an additional 63,447 shares during the period. Brookfield comprises 4.7% of Tacita Capital Inc’s investment portfolio, making the stock its 3rd largest holding. Tacita Capital Inc’s holdings in Brookfield were worth $8,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Savant Capital LLC increased its holdings in shares of Brookfield by 6.5% in the 3rd quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock valued at $253,000 after purchasing an additional 226 shares during the period. State of Wyoming increased its holdings in shares of Brookfield by 7.8% in the 3rd quarter. State of Wyoming now owns 3,301 shares of the company’s stock valued at $227,000 after purchasing an additional 240 shares during the period. Hilltop National Bank increased its holdings in shares of Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares during the period. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Brookfield by 38.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock valued at $60,000 after purchasing an additional 243 shares during the period. Finally, New England Capital Financial Advisors LLC increased its holdings in shares of Brookfield by 50.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 251 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. National Bank Financial upped their target price on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. BMO Capital Markets upped their target price on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Royal Bank Of Canada dropped their target price on Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Finally, TD Securities reiterated a “buy” rating and issued a $60.00 target price 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 given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $56.82.

Brookfield Trading Down 1.0%

Shares of NYSE BN opened at $44.60 on Friday. The stock has a market cap of $109.30 billion, a price-to-earnings ratio of 87.45 and a beta of 1.53. The business has a 50 day simple moving average of $44.40 and a 200 day simple moving average of $44.88. Brookfield Corporation has a 52 week low of $37.93 and a 52 week 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. Brookfield’s payout ratio is presently 54.90%.

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.