Hikari Tsushin Inc. Has $3.01 Million Stake in Brookfield Corporation $BN

Hikari Tsushin Inc. boosted its stake in shares of Brookfield Corporation (NYSE:BN) by 50.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,646 shares of the company’s stock after buying an additional 21,882 shares during the quarter. Hikari Tsushin Inc.’s holdings in Brookfield were worth $3,012,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position 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 worth $4,228,915,000 after acquiring an additional 31,543,313 shares during the last quarter. Capital World Investors lifted its stake in shares of Brookfield by 45.0% in the fourth quarter. Capital World Investors now owns 99,069,016 shares of the company’s stock worth $4,546,443,000 after acquiring an additional 30,755,354 shares during the period. Norges Bank bought a new stake in Brookfield in the fourth quarter valued at approximately $1,227,555,000. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 acquiring an additional 18,536,964 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Brookfield by 27.9% during the 4th quarter. Principal Financial Group Inc. now owns 65,050,624 shares of the company’s stock valued at $2,985,224,000 after purchasing an additional 14,200,710 shares during the period. Institutional investors own 61.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BN shares. Morgan Stanley restated an “overweight” rating and issued a $61.00 price target (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. JPMorgan Chase & Co. increased their price objective on shares of Brookfield from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. TD lifted their target price on shares of Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Scotiabank reaffirmed an “outperform” rating and set a $53.00 price target (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. Finally, Royal Bank Of Canada decreased their price target on Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 15th. One 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.82.

Brookfield Price Performance

Brookfield stock opened at $44.99 on Friday. The stock has a market capitalization of $110.27 billion, a price-to-earnings ratio of 88.22 and a beta of 1.53. Brookfield Corporation has a 52-week low of $37.93 and a 52-week high of $49.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. The stock’s 50 day moving average price is $44.83 and its two-hundred day moving average price is $44.92.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s dividend payout ratio (DPR) is presently 54.90%.

About Brookfield

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.