Brookfield Corporation $BN Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Brookfield Corporation (NYSE:BN) by 4.5% in the 2nd quarter, Holdings Channel reports. The fund owned 564,039 shares of the company’s stock after selling 26,720 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Brookfield were worth $34,886,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of BN. SBI Securities Co. Ltd. boosted its stake in Brookfield by 7.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,957 shares of the company’s stock valued at $183,000 after purchasing an additional 197 shares during the period. Pembroke Management LTD raised its holdings in shares of Brookfield by 32.7% during the second quarter. Pembroke Management LTD now owns 14,224 shares of the company’s stock valued at $880,000 after buying an additional 3,507 shares during the last quarter. CENTRAL TRUST Co bought a new stake in shares of Brookfield during the second quarter valued at approximately $70,000. Vise Technologies Inc. acquired a new position in shares of Brookfield during the second quarter worth approximately $1,230,000. Finally, Allworth Financial LP boosted its position in shares of Brookfield by 180.9% during the second quarter. Allworth Financial LP now owns 5,584 shares of the company’s stock worth $345,000 after buying an additional 3,596 shares during the period. 61.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. National Bankshares set a $54.67 target price on Brookfield and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Zacks Research raised Brookfield from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Scotiabank lifted their price objective on shares of Brookfield from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. National Bank Financial began coverage on shares of Brookfield in a research report on Tuesday, July 29th. They issued an “outperform” rating and a $54.67 target price for the company. Finally, Royal Bank Of Canada raised their target price on shares of Brookfield from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $52.63.

Brookfield Price Performance

Shares of Brookfield stock opened at $43.64 on Friday. Brookfield Corporation has a 52 week low of $29.07 and a 52 week high of $49.47. The company has a current ratio of 1.29, a quick ratio of 1.18 and a debt-to-equity ratio of 1.50. The stock has a market cap of $108.01 billion, a PE ratio of 152.24 and a beta of 1.73. The company’s 50-day moving average price is $45.68 and its two-hundred day moving average price is $42.76.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, December 16th. Brookfield’s payout ratio is presently 82.76%.

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.