Brookfield Corporation $BN Position Boosted by Forsta AP Fonden

Forsta AP Fonden lifted its holdings in Brookfield Corporation (NYSE:BN) by 0.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 270,700 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. Forsta AP Fonden’s holdings in Brookfield were worth $16,720,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Cerity Partners LLC grew its position in Brookfield by 17.5% in the first quarter. Cerity Partners LLC now owns 106,147 shares of the company’s stock worth $5,563,000 after buying an additional 15,823 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Brookfield by 15.6% during the 1st quarter. Bleakley Financial Group LLC now owns 23,992 shares of the company’s stock worth $1,257,000 after acquiring an additional 3,232 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Brookfield by 22.0% in the 1st quarter. Signaturefd LLC now owns 10,255 shares of the company’s stock worth $537,000 after acquiring an additional 1,846 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Brookfield by 46.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 2,760 shares of the company’s stock worth $145,000 after acquiring an additional 878 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Brookfield by 1.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,524,840 shares of the company’s stock worth $132,327,000 after purchasing an additional 30,680 shares during the period. 61.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BN has been the subject of a number of recent analyst reports. Cowen reiterated a “buy” rating on shares of Brookfield in a research report on Friday, August 8th. National Bank Financial initiated coverage on shares of Brookfield in a report on Tuesday, July 29th. They issued an “outperform” rating and a $54.67 target price for the company. TD Securities boosted their price target on shares of Brookfield from $49.33 to $54.67 and gave the company a “buy” rating in a report on Tuesday, August 5th. Morgan Stanley set a $54.00 price objective on Brookfield and gave the stock an “overweight” rating in a research report on Monday, October 13th. Finally, Wall Street Zen upgraded Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $52.63.

Brookfield Stock Performance

Shares of NYSE BN opened at $46.88 on Thursday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.29 and a quick ratio of 1.18. Brookfield Corporation has a one year low of $29.07 and a one year high of $49.47. The business’s 50-day moving average price is $45.69 and its two-hundred day moving average price is $42.75. The company has a market capitalization of $116.01 billion, a P/E ratio of 163.52 and a beta of 1.73.

About Brookfield

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.