Guerra Pan Advisors LLC Acquires Stake in Brookfield Co.

Guerra Pan Advisors LLC has made a new investment in Brookfield Co. (NYSE:BN) during the fourth quarter, as revealed in the company’s latest Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,581 shares of Brookfield's stock, which is estimated to be valued at around $321,000.

Recent Institutional Activity

In addition to Guerra Pan Advisors, several other institutional investors and hedge funds have adjusted their holdings in Brookfield Co. The Manufacturers Life Insurance Company increased its stake by 31.6% during the third quarter, now owning 11,736,712 shares worth approximately $623,783,000 after acquiring an additional 2,818,716 shares.

Toronoto Dominion Bank also upped its investment, raising its stake by 23.4% with a total of 6,851,397 shares valued at $364,152,000 following an additional purchase of 1,301,072 shares. Furthermore, Sequoia Financial Advisors LLC expanded its position in Brookfield by an astounding 4,149.3%, now holding 776,346 shares worth around $41,263,000 after buying 758,076 shares last quarter.

Bamco Inc. NY increased its holdings in Brookfield by 62.6%, bringing its total to 1,949,472 shares valued at $103,614,000 after an additional purchase of 750,726 shares. Lastly, Zurich Insurance Group Ltd FI has taken a new stake worth about $38,935,000 in Brookfield during the third quarter. Overall, institutional investors and hedge funds control approximately 61.60% of Brookfield's stock.

Analysts Rating Updates

In light of these developments, various analysts have updated their price targets and ratings for Brookfield. Scotiabank has increased its target price from $65.00 to $69.00 and assigned a "sector outperform" rating. Similarly, CIBC raised its target from $68.00 to $70.00, maintaining an "outperformer" rating.

In a separate report, Morgan Stanley initiated coverage on Brookfield, stating an "overweight" rating with a price target of $80.00. BMO Capital Markets also reissued an "outperform" rating, elevating its target price from $50.00 to $62.00. As of now, two analysts have given the stock a hold rating while six analysts have issued a buy rating. According to MarketBeat, Brookfield holds a consensus rating of "Moderate Buy" alongside a consensus price target of $60.06.

Stock Performance Overview

As for Brookfield's stock, it opened at $61.09 on Friday. The company has a 50-day moving average of $58.30 and a 200-day moving average of $53.15. The stock has recorded a 12-month low of $38.18 and a high of $62.44. Brookfield boasts a market capitalization of $100.54 billion, a price-to-earnings ratio of 129.97, and a beta of 1.56. The company maintains a current ratio of 1.17, a quick ratio of 1.03, and a debt-to-equity ratio of 1.40.

Dividend Information

Recently, Brookfield announced a quarterly dividend, paid on December 31st. Shareholders on record as of December 16th received a dividend of $0.08 per share, translating to an annualized dividend of $0.32 and a dividend yield of 0.52%. The ex-dividend date was also December 16th, and Brookfield has a payout ratio standing at 68.09%.

About Brookfield Corporation

Brookfield Corporation is recognized as an alternative asset manager and a Real Estate Investment Trust (REIT). The firm specializes in sectors such as real estate, renewable energy, infrastructure, venture capital, and private equity. Brookfield manages various public and private investment products and services tailored for both institutional and retail clients.

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