Rathbones Group PLC Has $2.11 Million Stock Holdings in Brookfield Corporation $BN

Rathbones Group PLC lifted its holdings in Brookfield Corporation (NYSE:BN) by 35.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 45,957 shares of the company’s stock after acquiring an additional 11,975 shares during the quarter. Rathbones Group PLC’s holdings in Brookfield were worth $2,113,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Chemistry Wealth Management LLC raised its holdings in Brookfield by 51.6% during the fourth quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company’s stock valued at $20,082,000 after buying an additional 148,893 shares in the last quarter. PCJ Investment Counsel Ltd. raised its holdings in Brookfield by 110.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company’s stock valued at $15,966,000 after buying an additional 122,040 shares in the last quarter. Florida Trust Wealth Management Co raised its holdings in Brookfield by 49.0% during the fourth quarter. Florida Trust Wealth Management Co now owns 1,176,417 shares of the company’s stock valued at $53,986,000 after buying an additional 387,068 shares in the last quarter. Citigroup Inc. raised its holdings in Brookfield by 49.5% during the third quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock valued at $45,817,000 after buying an additional 221,078 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Brookfield by 52.1% during the fourth quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock valued at $4,228,915,000 after buying an additional 31,543,313 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

BN has been the topic of several recent research reports. Scotia raised their target price on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a report on Friday, May 15th. BMO Capital Markets lifted their price objective on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. 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 note on Friday, May 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. Finally, TD lifted their price objective on Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday. One 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 company’s stock. Based on data from MarketBeat, Brookfield has a consensus rating of “Moderate Buy” and a consensus target price of $56.82.

Brookfield Trading Down 0.2%

Brookfield stock opened at $45.37 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 business’s 50-day simple moving average is $43.15 and its 200-day simple moving average is $44.89. The firm has a market capitalization of $111.19 billion, a PE ratio of 88.96 and a beta of 1.55. Brookfield Corporation has a 52 week low of $37.54 and a 52 week high of $49.56.

Brookfield Dividend Announcement

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