USS Investment Management Ltd Buys 107,351 Shares of Brookfield Corporation $BN

USS Investment Management Ltd increased its stake in shares of Brookfield Corporation (NYSE:BN) by 50.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 322,054 shares of the company’s stock after buying an additional 107,351 shares during the period. USS Investment Management Ltd’s holdings in Brookfield were worth $14,831,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Partners Value Investments L.P. raised its position in shares of Brookfield by 50.0% in the 4th quarter. Partners Value Investments L.P. now owns 181,405,955 shares of the company’s stock valued at $8,324,719,000 after buying an additional 60,468,651 shares in the last quarter. Dodge & Cox acquired a new stake in shares of Brookfield during the fourth quarter worth $1,894,354,000. Vanguard Group Inc. raised its stake in Brookfield by 52.1% during the fourth quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock worth $4,228,915,000 after buying an additional 31,543,313 shares during the last quarter. Capital World Investors lifted its stake in shares of Brookfield by 45.0% in the fourth quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock valued at $4,546,443,000 after buying an additional 30,755,354 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Brookfield in the fourth quarter valued at $1,227,555,000. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Down 0.0%

BN opened at $45.19 on Monday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20. The company’s 50-day moving average is $44.92 and its 200 day moving average is $44.92. Brookfield Corporation has a fifty-two week low of $37.93 and a fifty-two week high of $49.56. The firm has a market capitalization of $110.74 billion, a P/E ratio of 88.60 and a beta of 1.53.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s dividend payout ratio (DPR) is 54.90%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BN shares. TD raised their price objective on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. National Bank Financial raised their price target on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. TD Securities reissued a “buy” rating and set a $60.00 price target on shares of Brookfield in a research report on Tuesday, May 19th. Scotia raised their price target on shares of Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. Finally, Morgan Stanley reissued an “overweight” rating and set a $61.00 price target (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $56.82.

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.