Mizuho Markets Americas LLC Has $20.65 Million Position in Brookfield Corporation $BN

Mizuho Markets Americas LLC boosted its position in shares of Brookfield Corporation (NYSE:BN) by 50.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 450,000 shares of the company’s stock after purchasing an additional 150,000 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Brookfield were worth $20,650,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BN. Vanguard Group Inc. boosted its holdings 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 valued at $4,228,915,000 after buying an additional 31,543,313 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings 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 valued at $860,344,000 after buying an additional 18,536,964 shares during the period. Principal Financial Group Inc. boosted its holdings 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 valued at $2,985,224,000 after buying an additional 14,200,710 shares during the period. Lone Pine Capital LLC boosted its holdings 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 valued at $698,237,000 after buying an additional 4,559,963 shares during the period. Finally, Markel Group Inc. boosted its holdings 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 valued at $599,948,000 after buying an additional 4,357,868 shares during the period. Institutional investors and hedge funds own 61.60% of the company’s stock.

Brookfield Stock Performance

Shares of BN 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 firm has a fifty day simple moving average of $43.15 and a 200 day simple moving average of $44.89. Brookfield Corporation has a 12 month low of $37.54 and a 12 month high of $49.56. The stock has a market capitalization of $111.19 billion, a price-to-earnings ratio of 88.96 and a beta of 1.55.

Brookfield Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s dividend payout ratio is 54.90%.

Analysts Set New Price Targets

Several research firms have recently weighed in on BN. Morgan Stanley reiterated an “overweight” rating and issued a $61.00 price target (up from $60.00) on shares of Brookfield in a report on Tuesday, April 21st. Royal Bank Of Canada reduced 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 issued a $60.00 price target on shares of Brookfield in a report on Tuesday. Scotiabank reiterated an “outperform” rating and issued a $53.00 price target (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.82.

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.