Sei Investments Co. Purchases 179,149 Shares of Brookfield Corporation $BN

Sei Investments Co. lifted its position in Brookfield Corporation (NYSE:BN) by 131.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 315,082 shares of the company’s stock after buying an additional 179,149 shares during the period. Sei Investments Co.’s holdings in Brookfield were worth $12,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. MCF Advisors LLC bought a new position in Brookfield in the fourth quarter valued at about $26,000. Quattro Advisors LLC purchased a new position in Brookfield in the fourth quarter worth about $26,000. Exchange Traded Concepts LLC bought a new stake in shares of Brookfield during the 4th quarter valued at about $27,000. Truvestments Capital LLC grew its stake in shares of Brookfield by 49.9% during the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock valued at $29,000 after purchasing an additional 213 shares during the period. Finally, New England Capital Financial Advisors LLC increased its position in shares of 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 last quarter. Institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

BN has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research note on Wednesday, June 24th. Royal Bank Of Canada cut their target price on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. TD upped their target price on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. TD Securities reiterated a “buy” rating and issued a $60.00 price target on shares of Brookfield in a research report on Tuesday, May 19th. Finally, BMO Capital Markets upgraded shares of Brookfield to a “strong-buy” rating in a research note on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $56.64.

Brookfield Stock Up 1.2%

BN stock opened at $42.55 on Friday. The business’s 50-day moving average price is $43.83 and its 200-day moving average price is $44.14. The stock has a market cap of $104.29 billion, a P/E ratio of 83.43 and a beta of 1.54. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. Brookfield Corporation has a twelve month low of $37.93 and a twelve month high of $49.56.

Brookfield Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.07 per share. The ex-dividend date was Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. Brookfield’s dividend payout ratio (DPR) is presently 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.