St. Louis Trust Co Invests $3.53 Million in Brookfield Corporation $BN

St. Louis Trust Co acquired a new position in Brookfield Corporation (NYSE:BN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 76,866 shares of the company’s stock, valued at approximately $3,527,000.

A number of other hedge funds have also recently made changes to their positions in BN. Exchange Traded Concepts LLC bought a new stake in Brookfield during the 4th quarter valued at $27,000. Hilltop National Bank raised its holdings in Brookfield by 49.9% during the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after buying an additional 241 shares during the last quarter. New England Capital Financial Advisors LLC raised its holdings in Brookfield by 50.2% during the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after buying an additional 251 shares during the last quarter. Entrust Financial LLC bought a new stake in Brookfield during the 4th quarter valued at $35,000. Finally, ST Germain D J Co. Inc. raised its holdings in Brookfield by 49.9% during the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company’s stock valued at $37,000 after buying an additional 270 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Down 0.2%

Shares of Brookfield stock opened at $45.37 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54. The company’s fifty day simple moving average is $43.15 and its two-hundred day simple moving average is $44.89. The company has a market cap of $111.19 billion, a P/E ratio of 88.96 and a beta of 1.55. Brookfield Corporation has a 12-month low of $37.54 and a 12-month high of $49.56.

Brookfield Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on BN shares. TD upped their price target on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. JPMorgan Chase & Co. upped their price target on shares of Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Royal Bank Of Canada lowered their price target on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 15th. TD Securities reiterated a “buy” rating and set a $60.00 price target on shares of Brookfield in a report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a report on Friday, March 27th. One equities research 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.82.

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.