Vise Technologies Inc. Has $1.71 Million Position in Brookfield Corporation $BN

Vise Technologies Inc. increased its stake in Brookfield Corporation (NYSE:BN) by 91.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 37,344 shares of the company’s stock after purchasing an additional 17,843 shares during the quarter. Vise Technologies Inc.’s holdings in Brookfield were worth $1,714,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new stake in Brookfield in the 4th quarter worth approximately $27,000. Hilltop National Bank lifted its holdings in Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after purchasing an additional 241 shares during the last quarter. New England Capital Financial Advisors LLC lifted its holdings in Brookfield by 50.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after purchasing an additional 251 shares during the last quarter. Entrust Financial LLC acquired a new stake in Brookfield in the 4th quarter worth approximately $35,000. Finally, ST Germain D J Co. Inc. lifted its holdings in Brookfield by 49.9% in the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock worth $37,000 after purchasing an additional 270 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. TD Securities restated a “buy” rating and issued a $60.00 target price on shares of Brookfield in a report on Tuesday, May 19th. Scotiabank reaffirmed an “outperform” rating and issued a $53.00 price target (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. BMO Capital Markets lifted their price target on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Royal Bank Of Canada dropped their price target on Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research report 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Stock Performance

BN opened at $44.60 on Monday. The stock has a market cap of $109.30 billion, a PE ratio of 87.45 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 Corporation has a 1 year low of $37.93 and a 1 year high of $49.56. The stock’s 50 day simple moving average is $44.40 and its 200-day simple moving average is $44.89.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given 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 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.