Brookfield Corporation $BN Shares Bought by Maestria Partners LLC

Maestria Partners LLC grew its stake in shares of Brookfield Corporation (NYSE:BN) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 805,187 shares of the company’s stock after acquiring an additional 268,395 shares during the period. Brookfield comprises approximately 10.8% of Maestria Partners LLC’s holdings, making the stock its biggest position. Maestria Partners LLC’s holdings in Brookfield were worth $36,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Savant Capital LLC grew its holdings in Brookfield by 6.5% during the 3rd quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock worth $253,000 after acquiring an additional 226 shares in the last quarter. Hilltop National Bank grew its holdings in Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after acquiring an additional 241 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in Brookfield by 38.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 875 shares of the company’s stock worth $60,000 after acquiring an additional 243 shares in the last quarter. New England Capital Financial Advisors LLC grew 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 worth $34,000 after acquiring an additional 251 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in Brookfield by 7.7% during the 3rd quarter. Wealthfront Advisers LLC now owns 3,659 shares of the company’s stock worth $251,000 after acquiring an additional 263 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on BN. Scotiabank reissued an “outperform” rating and set a $53.00 price objective (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. TD lifted their price target on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Scotia lifted their price target on shares of Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a report on Friday, May 15th. JPMorgan Chase & Co. lifted their price target on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada decreased their price target on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Brookfield presently has an average rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Trading Up 2.9%

Shares of NYSE:BN opened at $45.50 on Wednesday. The company has a market cap of $111.51 billion, a PE ratio of 89.22 and a beta of 1.53. The company’s 50-day moving average price is $44.62 and its 200 day moving average price is $44.91. Brookfield Corporation has a fifty-two week low of $37.93 and a fifty-two week high of $49.56. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.07 dividend. The ex-dividend date 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%.

About Brookfield

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.