Bailard Inc. Raises Position in Brookfield Corporation $BN

Bailard Inc. lifted its position in Brookfield Corporation (NYSE:BN) by 20.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,721 shares of the company’s stock after acquiring an additional 1,504 shares during the period. Bailard Inc.’s holdings in Brookfield were worth $539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. AGF Management Ltd. boosted its holdings in Brookfield by 7.2% in the 2nd quarter. AGF Management Ltd. now owns 2,438,241 shares of the company’s stock valued at $151,399,000 after purchasing an additional 164,124 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Brookfield by 13.5% during the 1st quarter. Chicago Partners Investment Group LLC now owns 290,942 shares of the company’s stock worth $16,261,000 after buying an additional 34,573 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. raised its position in shares of Brookfield by 2.7% during the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,592,795 shares of the company’s stock valued at $98,643,000 after buying an additional 42,520 shares during the period. C WorldWide Group Holding A S lifted its holdings in Brookfield by 96.3% in the second quarter. C WorldWide Group Holding A S now owns 45,515 shares of the company’s stock valued at $2,815,000 after acquiring an additional 22,331 shares during the last quarter. Finally, PCJ Investment Counsel Ltd. grew its position in Brookfield by 18.8% in the second quarter. PCJ Investment Counsel Ltd. now owns 110,740 shares of the company’s stock worth $6,858,000 after acquiring an additional 17,510 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on BN shares. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Cowen reaffirmed a “buy” rating on shares of Brookfield in a research note on Friday, August 8th. Royal Bank Of Canada boosted their price target on shares of Brookfield from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. National Bankshares set a $54.67 price objective on shares of Brookfield and gave the stock an “outperform” rating in a report on Tuesday, July 29th. Finally, BMO Capital Markets increased their price objective on shares of Brookfield from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brookfield has an average rating of “Buy” and an average price target of $53.47.

Brookfield Price Performance

Brookfield stock opened at $43.89 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.18 and a debt-to-equity ratio of 1.50. The company has a fifty day simple moving average of $45.67 and a 200-day simple moving average of $42.82. The stock has a market cap of $108.63 billion, a P/E ratio of 153.12 and a beta of 1.73. Brookfield Corporation has a 12-month low of $29.07 and a 12-month high of $49.47.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, December 16th. Brookfield’s dividend payout ratio is currently 82.76%.

About Brookfield

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.