Brookfield Corporation $BN Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp lifted its stake in shares of Brookfield Corporation (NYSE:BN) by 48.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 153,823 shares of the company’s stock after acquiring an additional 50,306 shares during the period. King Luther Capital Management Corp’s holdings in Brookfield were worth $7,059,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted 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 period. Capital World Investors lifted its stake in shares of Brookfield by 2.4% during the third quarter. Capital World Investors now owns 68,313,662 shares of the company’s stock valued at $4,685,103,000 after buying an additional 1,624,085 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Brookfield by 27.9% during the fourth quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock valued at $2,985,224,000 after buying an additional 14,200,710 shares during the period. Akre Capital Management LLC lifted its stake in shares of Brookfield by 0.7% during the second quarter. Akre Capital Management LLC now owns 19,219,290 shares of the company’s stock valued at $1,188,713,000 after buying an additional 125,269 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Brookfield by 8,784.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,747,973 shares of the company’s stock valued at $860,344,000 after buying an additional 18,536,964 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BN shares. BMO Capital Markets upped their price objective on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Royal Bank Of Canada dropped their target price on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Morgan Stanley reiterated 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research note on Friday, March 27th. Finally, Scotiabank reiterated an “outperform” rating and issued a $53.00 target price (up from $48.50) on shares of Brookfield in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.82.

Brookfield Price Performance

Brookfield stock opened at $45.97 on Thursday. Brookfield Corporation has a 1 year low of $37.83 and a 1 year high of $49.56. The firm has a 50 day moving average price of $43.57 and a 200 day moving average price of $44.89. The company has a market cap of $112.66 billion, a price-to-earnings ratio of 90.14 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.07 dividend. 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 dividend payout ratio (DPR) is presently 54.90%.

Brookfield 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.