Amundi Buys 333,843 Shares of Brookfield Corporation $BN

Amundi grew its stake in Brookfield Corporation (NYSE:BN - Free Report) by 14.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,696,723 shares of the company's stock after acquiring an additional 333,843 shares during the quarter. Amundi owned 0.11% of Brookfield worth $109,136,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Truvestments Capital LLC raised its holdings in Brookfield by 49.9% in the 4th quarter. Truvestments Capital LLC now owns 640 shares of the company's stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Meadow Creek Wealth Advisors LLC boosted its position in shares of Brookfield by 2.3% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 10,308 shares of the company's stock valued at $417,000 after buying an additional 234 shares during the last quarter. New England Capital Financial Advisors LLC increased its holdings 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 in the last quarter. ST Germain D J Co. Inc. increased its holdings in Brookfield by 49.9% in the 4th quarter. ST Germain D J Co. Inc. now owns 811 shares of the company's stock worth $37,000 after buying an additional 270 shares in the last quarter. Finally, State of Wyoming raised its position in Brookfield by 6.0% in the 1st quarter. State of Wyoming now owns 5,151 shares of the company's stock worth $208,000 after buying an additional 290 shares during the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BN shares. National Bank Financial boosted their price objective on shares of Brookfield from $58.00 to $60.00 and gave the company an "outperform" rating in a report on Friday, May 15th. Morgan Stanley set a $59.00 target price on shares of Brookfield and gave the stock an "overweight" rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their target price 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. Weiss Ratings reiterated a "hold (c)" rating on shares of Brookfield in a research note on Wednesday, June 24th. Finally, Scotia raised their price target on Brookfield from $48.50 to $53.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $56.64.

Brookfield Stock Up 1.2%

BN stock opened at $42.55 on Friday. Brookfield Corporation has a twelve month low of $37.93 and a twelve month high of $49.56. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The stock has a market cap of $104.29 billion, a P/E ratio of 83.43 and a beta of 1.54. The business's 50-day moving average price is $43.83 and its 200-day moving average price is $44.14.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.07 per share. The ex-dividend date was Monday, June 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. Brookfield's dividend payout ratio (DPR) is presently 54.90%.

Brookfield Company 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.

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