Fisher Asset Management LLC Buys 12,202 Shares of Brookfield Corporation $BN

Fisher Asset Management LLC increased its stake in Brookfield Corporation (NYSE:BN) by 85.7% in the fourth quarter, HoldingsChannel reports. The fund owned 26,446 shares of the company’s stock after purchasing an additional 12,202 shares during the period. Fisher Asset Management LLC’s holdings in Brookfield were worth $1,214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Exchange Traded Concepts LLC purchased a new position in Brookfield during the 4th quarter valued at about $27,000. Hilltop National Bank increased its holdings in Brookfield by 49.9% during 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. New England Capital Financial Advisors LLC increased its holdings in Brookfield by 50.2% during 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. Entrust Financial LLC purchased a new position in Brookfield during the 4th quarter valued at about $35,000. Finally, ST Germain D J Co. Inc. increased its holdings in Brookfield by 49.9% during the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after purchasing an additional 270 shares during the period. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of Brookfield stock opened at $45.60 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $111.74 billion, a P/E ratio of 89.40 and a beta of 1.55. The business has a fifty day simple moving average of $43.83 and a two-hundred day simple moving average of $44.90. Brookfield Corporation has a 12 month low of $37.83 and a 12 month high of $49.56.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 annualized dividend and a yield of 0.6%. Brookfield’s dividend payout ratio (DPR) is currently 54.90%.

Analyst Ratings Changes

BN has been the subject of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $61.00 target price (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. JPMorgan Chase & Co. boosted their price objective on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. BMO Capital Markets boosted their price objective on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Royal Bank Of Canada reduced their price objective on shares of 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.82.

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.