King Luther Capital Management Corp Boosts Position in Brookfield Corporation $BN

King Luther Capital Management Corp boosted its holdings in Brookfield Corporation (NYSE:BN) by 48.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 153,823 shares of the company’s stock after buying an additional 50,306 shares during the period. King Luther Capital Management Corp’s holdings in Brookfield were worth $7,059,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new stake in Brookfield in the 4th quarter valued at $27,000. Hilltop National Bank increased its holdings 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 purchasing an additional 241 shares in the last quarter. New England Capital Financial Advisors LLC increased its holdings 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 purchasing an additional 251 shares in the last quarter. Entrust Financial LLC acquired a new stake in Brookfield in the 4th quarter valued at $35,000. Finally, ST Germain D J Co. Inc. increased its holdings 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 purchasing an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. BMO Capital Markets upped their price target on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. TD upped their price target on Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. National Bank Financial upped their price target on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Royal Bank Of Canada decreased their price target on 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Trading Down 0.1%

NYSE:BN opened at $45.97 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The business’s 50 day moving average is $43.57 and its two-hundred day moving average is $44.89. Brookfield Corporation has a 52 week low of $37.83 and a 52 week high of $49.56. The company has a market cap of $112.66 billion, a PE ratio of 90.14 and a beta of 1.55.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s dividend payout ratio (DPR) is currently 54.90%.

Brookfield Company 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.