Brookfield Corporation $BN Stock Position Raised by Markel Group Inc.

Markel Group Inc. boosted its stake in Brookfield Corporation (NYSE:BN) by 50.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,073,609 shares of the company’s stock after purchasing an additional 4,357,868 shares during the quarter. Brookfield comprises approximately 4.8% of Markel Group Inc.’s portfolio, making the stock its 3rd biggest holding. Markel Group Inc. owned approximately 0.53% of Brookfield worth $599,948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Principle Wealth Partners LLC raised its stake in Brookfield by 51.4% in the fourth quarter. Principle Wealth Partners LLC now owns 5,337 shares of the company’s stock valued at $245,000 after purchasing an additional 1,812 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in Brookfield by 15.3% in the fourth quarter. Axxcess Wealth Management LLC now owns 5,367 shares of the company’s stock valued at $246,000 after purchasing an additional 711 shares in the last quarter. Mraz Amerine & Associates Inc. raised its stake in Brookfield by 75.0% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 401,542 shares of the company’s stock valued at $18,427,000 after purchasing an additional 172,044 shares in the last quarter. Addison Advisors LLC raised its stake in Brookfield by 50.0% in the fourth quarter. Addison Advisors LLC now owns 6,529 shares of the company’s stock valued at $300,000 after purchasing an additional 2,176 shares in the last quarter. Finally, Heritage Investors Management Corp raised its stake in Brookfield by 50.0% in the fourth quarter. Heritage Investors Management Corp now owns 30,433 shares of the company’s stock valued at $1,397,000 after purchasing an additional 10,144 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $61.00 target price (up from $60.00) on shares of Brookfield in a research note on Tuesday, April 21st. Wall Street Zen raised shares of Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. TD Securities reaffirmed a “buy” rating and issued a $60.00 target price on shares of Brookfield in a research note on Tuesday. Royal Bank Of Canada lowered their target price on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Finally, National Bank Financial boosted their price objective on shares of Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.82.

Brookfield Trading Down 0.2%

Shares of BN opened at $45.37 on Friday. The firm has a market cap of $111.19 billion, a price-to-earnings ratio of 88.96 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 Corporation has a fifty-two week low of $37.54 and a fifty-two week high of $49.56. The firm has a 50 day moving average price of $43.15 and a 200-day moving average price of $44.89.

Brookfield Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.07 dividend. 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 payout ratio 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.