Natixis Advisors LLC Buys 244,260 Shares of Brookfield Corporation $BN

Natixis Advisors LLC boosted its stake in shares of Brookfield Corporation (NYSE:BN) by 48.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 748,690 shares of the company’s stock after purchasing an additional 244,260 shares during the quarter. Natixis Advisors LLC’s holdings in Brookfield were worth $34,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Allen Investment Management LLC boosted its position in Brookfield by 56.7% during the fourth quarter. Allen Investment Management LLC now owns 73,205 shares of the company’s stock valued at $3,359,000 after purchasing an additional 26,486 shares in the last quarter. One Capital Management LLC bought a new stake in Brookfield during the fourth quarter valued at about $732,000. BNP Paribas boosted its position in Brookfield by 50.0% during the fourth quarter. BNP Paribas now owns 295,639 shares of the company’s stock valued at $13,601,000 after purchasing an additional 98,546 shares in the last quarter. Ellevest Inc. boosted its position in Brookfield by 50.0% during the fourth quarter. Ellevest Inc. now owns 6,970 shares of the company’s stock valued at $320,000 after purchasing an additional 2,323 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in Brookfield by 50.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 5,062 shares of the company’s stock valued at $232,000 after purchasing an additional 1,687 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

BN has been the topic of a number of recent research reports. National Bank Financial raised their price objective on Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Royal Bank Of Canada dropped their price objective on Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Scotia raised their price target on Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a report on Friday, May 15th. TD Securities reissued a “buy” rating and issued a $60.00 price target on shares of Brookfield in a report on Tuesday, May 19th. Finally, TD raised their price target on Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. One research 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Price Performance

Shares of NYSE BN opened at $45.01 on Friday. 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 company has a market cap of $110.32 billion, a PE ratio of 88.26 and a beta of 1.53. The business has a 50-day simple moving average of $44.30 and a two-hundred day simple moving average of $44.88. Brookfield Corporation has a fifty-two week low of $37.93 and a fifty-two week high of $49.56.

Brookfield Dividend Announcement

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 paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s dividend payout ratio (DPR) is presently 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.