Graybill Wealth Management LTD. Raises Holdings in Brookfield Corporation $BN

Graybill Wealth Management LTD. boosted its holdings in Brookfield Corporation (NYSE:BN) by 54.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 197,700 shares of the company’s stock after buying an additional 69,839 shares during the period. Brookfield makes up about 2.7% of Graybill Wealth Management LTD.’s investment portfolio, making the stock its 10th largest position. Graybill Wealth Management LTD.’s holdings in Brookfield were worth $9,072,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. MCF Advisors LLC bought a new position in Brookfield in the 4th quarter worth approximately $26,000. Quattro Advisors LLC bought a new position in Brookfield in the 4th quarter worth approximately $26,000. Exchange Traded Concepts LLC bought a new position in Brookfield in the 4th quarter worth approximately $27,000. Hilltop National Bank increased its position in Brookfield by 49.9% in the 4th quarter. Hilltop National Bank now owns 724 shares of the company’s stock worth $33,000 after buying an additional 241 shares during the period. Finally, New England Capital Financial Advisors LLC increased its position in Brookfield by 50.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 751 shares of the company’s stock worth $34,000 after buying an additional 251 shares during the period. 61.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BN has been the topic of several recent analyst reports. National Bank Financial lifted their price target on Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Morgan Stanley reaffirmed 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. TD Securities reaffirmed a “buy” rating and issued a $60.00 price target on shares of Brookfield in a research report on Tuesday, May 19th. Royal Bank Of Canada decreased their price objective on Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Finally, TD lifted their price objective on Brookfield from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.82.

Brookfield Price Performance

Shares of NYSE:BN opened at $45.19 on Friday. Brookfield Corporation has a 1-year low of $37.93 and a 1-year high of $49.56. The firm has a market capitalization of $110.74 billion, a PE ratio of 88.60 and a beta of 1.53. The business’s 50 day moving average is $44.92 and its 200-day moving average is $44.92. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend 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.