Roundview Capital LLC Acquires 35,682 Shares of Brookfield Corporation $BN

Roundview Capital LLC increased its holdings in Brookfield Corporation (NYSE:BN) by 50.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,820 shares of the company’s stock after purchasing an additional 35,682 shares during the quarter. Roundview Capital LLC’s holdings in Brookfield were worth $4,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of BN. AQR Capital Management LLC boosted its position in Brookfield by 147.5% during the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company’s stock valued at $963,000 after acquiring an additional 11,069 shares in the last quarter. NewEdge Advisors LLC boosted its position in Brookfield by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company’s stock valued at $130,000 after acquiring an additional 295 shares in the last quarter. Sivia Capital Partners LLC boosted its position in Brookfield by 32.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company’s stock valued at $353,000 after acquiring an additional 1,396 shares in the last quarter. AXA S.A. boosted its position in Brookfield by 42.2% during the 2nd quarter. AXA S.A. now owns 103,531 shares of the company’s stock valued at $6,403,000 after acquiring an additional 30,703 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in Brookfield by 29.6% during the 2nd quarter. Squarepoint Ops LLC now owns 25,502 shares of the company’s stock valued at $1,577,000 after acquiring an additional 5,821 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BN shares. TD lifted their price objective on Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. TD Securities reaffirmed a “buy” rating and set a $60.00 price objective on shares of Brookfield in a research report on Tuesday, May 19th. BMO Capital Markets lifted their price objective on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Finally, Royal Bank Of Canada cut their price objective on Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $56.82.

Brookfield Price Performance

BN stock opened at $46.03 on Wednesday. The firm has a 50 day moving average price of $43.44 and a 200-day moving average price of $44.89. Brookfield Corporation has a 52-week low of $37.83 and a 52-week high of $49.56. The firm has a market capitalization of $112.81 billion, a price-to-earnings ratio of 90.25 and a beta of 1.55. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32.

Brookfield Announces Dividend

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