Van Den Berg Management I Inc. Has $13.65 Million Holdings in Brookfield Corporation $BN

Van Den Berg Management I Inc. increased its position in Brookfield Corporation (NYSE:BN) by 46.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 297,347 shares of the company’s stock after acquiring an additional 94,790 shares during the period. Brookfield comprises about 3.1% of Van Den Berg Management I Inc.’s investment portfolio, making the stock its 7th biggest holding. Van Den Berg Management I Inc.’s holdings in Brookfield were worth $13,645,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Chemistry Wealth Management LLC grew its holdings in Brookfield by 51.6% during the fourth quarter. Chemistry Wealth Management LLC now owns 437,620 shares of the company’s stock valued at $20,082,000 after purchasing an additional 148,893 shares during the period. PCJ Investment Counsel Ltd. grew its holdings in Brookfield by 110.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 232,780 shares of the company’s stock valued at $15,966,000 after purchasing an additional 122,040 shares during the period. Florida Trust Wealth Management Co grew its holdings in Brookfield by 49.0% during the fourth quarter. Florida Trust Wealth Management Co now owns 1,176,417 shares of the company’s stock valued at $53,986,000 after purchasing an additional 387,068 shares during the period. Citigroup Inc. grew its holdings in Brookfield by 49.5% during the third quarter. Citigroup Inc. now owns 667,613 shares of the company’s stock valued at $45,817,000 after purchasing an additional 221,078 shares during the period. Finally, Vanguard Group Inc. grew its holdings in 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 purchasing an additional 31,543,313 shares during the period. Institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

Shares of Brookfield stock opened at $45.66 on Wednesday. The stock’s 50-day simple moving average is $45.11 and its 200-day simple moving average is $44.91. Brookfield Corporation has a 52 week low of $37.93 and a 52 week high of $49.56. The company has a market capitalization of $111.92 billion, a price-to-earnings ratio of 89.53 and a beta of 1.53. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54.

Brookfield Announces Dividend

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 given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th. Brookfield’s payout ratio is currently 54.90%.

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Royal Bank Of Canada cut 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. Scotiabank restated an “outperform” rating and issued a $53.00 price objective (up from $48.50) on shares of Brookfield in a research report on Friday, May 15th. Scotia boosted their price objective on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. Finally, Morgan Stanley restated an “overweight” rating and issued a $61.00 price objective (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. One 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 data from MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and an average price target of $56.82.

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.