Mufg Securities Canada LTD. Grows Holdings in Brookfield Corporation $BN

Mufg Securities Canada LTD. raised its holdings in Brookfield Corporation (NYSE:BN) by 38.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,288,214 shares of the company’s stock after buying an additional 908,339 shares during the quarter. Brookfield makes up about 4.2% of Mufg Securities Canada LTD.’s holdings, making the stock its 6th largest position. Mufg Securities Canada LTD.’s holdings in Brookfield were worth $151,011,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MCF Advisors LLC bought a new position in shares of Brookfield during the fourth quarter valued at about $26,000. Quattro Advisors LLC bought a new position in shares of Brookfield during the fourth quarter valued at about $26,000. Exchange Traded Concepts LLC bought a new position in shares of Brookfield during the fourth quarter valued at about $27,000. Hilltop National Bank lifted its position in shares of Brookfield by 49.9% during the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after purchasing an additional 241 shares in the last quarter. Finally, New England Capital Financial Advisors LLC lifted its position in shares of Brookfield by 50.2% during the fourth quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 251 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. TD Securities reissued a “buy” rating and set a $60.00 price target on shares of Brookfield in a research report on Tuesday, May 19th. Morgan Stanley reissued an “overweight” rating and set a $61.00 price target (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. Scotia raised their price target on shares of Brookfield from $48.50 to $53.00 and gave the company 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 company a “buy” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Friday, March 27th. One research 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.82.

Brookfield Stock Performance

Shares of BN stock opened at $45.19 on Monday. The firm has a market cap of $110.74 billion, a price-to-earnings ratio of 88.60 and a beta of 1.53. 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 52 week low of $37.93 and a 52 week high of $49.56. The firm’s 50-day simple moving average is $44.92 and its two-hundred day simple moving average is $44.92.

Brookfield Dividend Announcement

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 $0.07 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.28 annualized dividend 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.