Brookfield Corporation $BN Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Brookfield Corporation (NYSE:BN) by 61.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,679,423 shares of the company’s stock after purchasing an additional 7,459,189 shares during the period. Geode Capital Management LLC’s holdings in Brookfield were worth $913,592,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BN. Vanguard Group Inc. lifted its stake in shares of Brookfield by 52.1% in the fourth quarter. Vanguard Group Inc. now owns 92,103,120 shares of the company’s stock worth $4,228,915,000 after acquiring an additional 31,543,313 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Brookfield by 8,784.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,747,973 shares of the company’s stock worth $860,344,000 after acquiring an additional 18,536,964 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Brookfield by 27.9% in the fourth quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock worth $2,985,224,000 after acquiring an additional 14,200,710 shares in the last quarter. Lone Pine Capital LLC lifted its stake in shares of Brookfield by 81.1% in the third quarter. Lone Pine Capital LLC now owns 10,181,348 shares of the company’s stock worth $698,237,000 after acquiring an additional 4,559,963 shares in the last quarter. Finally, Markel Group Inc. lifted its stake in shares of Brookfield by 50.0% in the fourth quarter. Markel Group Inc. now owns 13,073,609 shares of the company’s stock worth $599,948,000 after acquiring an additional 4,357,868 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

BN has been the subject of a number of recent analyst reports. Scotia raised their price target on shares of Brookfield from $48.50 to $53.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. TD raised their price target on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. JPMorgan Chase & Co. raised their price target on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. Finally, Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $56.82.

Brookfield Price Performance

Shares of NYSE:BN opened at $45.60 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. Brookfield Corporation has a fifty-two week low of $37.83 and a fifty-two week high of $49.56. The firm has a 50-day simple moving average of $43.83 and a 200 day simple moving average of $44.90. The company has a market cap of $111.74 billion, a PE ratio of 89.40 and a beta of 1.55.

Brookfield Dividend Announcement

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 given a dividend of $0.07 per share. The ex-dividend date is Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. Brookfield’s payout ratio 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.