Jackson Hill Advisors LLC Has $29.60 Million Stock Holdings in Brookfield Corporation $BN

Jackson Hill Advisors LLC lifted its position in shares of Brookfield Corporation (NYSE:BN) by 48.3% in the 4th quarter, Holdings Channel reports. The fund owned 645,000 shares of the company’s stock after buying an additional 210,000 shares during the period. Brookfield comprises 13.7% of Jackson Hill Advisors LLC’s investment portfolio, making the stock its biggest holding. Jackson Hill Advisors LLC’s holdings in Brookfield were worth $29,599,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BN. Exchange Traded Concepts LLC bought a new position in shares of Brookfield during the fourth quarter worth about $27,000. Hilltop National Bank grew its position in Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after buying an additional 241 shares in the last quarter. New England Capital Financial Advisors LLC grew its position in Brookfield by 50.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after buying an additional 251 shares in the last quarter. Entrust Financial LLC bought a new position in Brookfield in the 4th quarter valued at about $35,000. Finally, ST Germain D J Co. Inc. grew its position in Brookfield by 49.9% in the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after buying an additional 270 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Brookfield Stock Performance

NYSE:BN opened at $43.88 on Thursday. Brookfield Corporation has a twelve month low of $37.93 and a twelve month high of $49.56. 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 company has a 50-day moving average of $44.19 and a 200-day moving average of $44.87. The firm has a market cap of $107.53 billion, a price-to-earnings ratio of 86.03 and a beta of 1.53.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, June 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. Brookfield’s dividend payout ratio (DPR) is 54.90%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BN. BMO Capital Markets increased their target price 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. Morgan Stanley reiterated an “overweight” rating and issued a $61.00 target price (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. TD Securities reiterated a “buy” rating and issued a $60.00 target price on shares of Brookfield in a research report on Tuesday, May 19th. National Bank Financial increased their target price on shares of Brookfield from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. increased their target price 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. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.82.

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.