Roundview Capital LLC Grows Stock Holdings in Brookfield Corporation $BN

Roundview Capital LLC raised its position in shares of Brookfield Corporation (NYSE:BN) by 50.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,820 shares of the company’s stock after purchasing an additional 35,682 shares during the period. Roundview Capital LLC’s holdings in Brookfield were worth $4,902,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Chemistry Wealth Management LLC raised its position in Brookfield by 51.6% during the fourth quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company’s stock valued at $20,082,000 after purchasing an additional 148,893 shares in the last quarter. PCJ Investment Counsel Ltd. grew its stake in shares of Brookfield by 110.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company’s stock valued at $15,966,000 after buying an additional 122,040 shares during the last quarter. Florida Trust Wealth Management Co grew its stake in shares of Brookfield by 49.0% during the fourth quarter. Florida Trust Wealth Management Co now owns 1,176,417 shares of the company’s stock valued at $53,986,000 after buying an additional 387,068 shares during the last quarter. Citigroup Inc. grew its stake in shares of Brookfield by 49.5% during the third quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock valued at $45,817,000 after buying an additional 221,078 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Brookfield by 52.1% during the fourth quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock valued at $4,228,915,000 after buying an additional 31,543,313 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Stock Up 1.5%

NYSE BN opened at $46.03 on Wednesday. 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 $112.81 billion, a PE ratio of 90.25 and a beta of 1.55. Brookfield Corporation has a 1 year low of $37.83 and a 1 year high of $49.56. The business’s 50-day moving average is $43.44 and its 200 day moving average is $44.89.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend 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 presently 54.90%.

Wall Street Analyst Weigh In

BN has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. TD Securities reaffirmed a “buy” rating and set a $60.00 price objective on shares of Brookfield in a research note on Tuesday, May 19th. Morgan Stanley reaffirmed an “overweight” rating and set a $61.00 price objective (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, BMO Capital Markets raised their price objective on Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brookfield presently has an average rating of “Moderate Buy” and an average target price 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.