Brookfield Corporation $BN is Mraz Amerine & Associates Inc.’s 9th Largest Position

Mraz Amerine & Associates Inc. boosted its holdings in shares of Brookfield Corporation (NYSE:BN) by 75.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 401,542 shares of the company’s stock after acquiring an additional 172,044 shares during the quarter. Brookfield comprises 2.7% of Mraz Amerine & Associates Inc.’s portfolio, making the stock its 9th biggest holding. Mraz Amerine & Associates Inc.’s holdings in Brookfield were worth $18,427,000 as of its most recent SEC filing.

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

Brookfield Trading Up 0.2%

Shares of NYSE BN opened at $45.41 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20. The stock has a market capitalization of $111.29 billion, a P/E ratio of 89.04 and a beta of 1.55. Brookfield Corporation has a 1-year low of $37.54 and a 1-year high of $49.56. The business has a fifty day moving average price of $43.06 and a 200 day moving average price of $44.89.

Brookfield Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BN shares. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. BMO Capital Markets increased their price target on Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. TD increased their price target on Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday. TD Securities reissued a “buy” rating and set a $60.00 price target on shares of Brookfield in a research report on Tuesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. One 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.82.

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.