Institutional investors in Brookfield Corporation (TSE:BN) lost 7.7% last week but have reaped the benefits of longer-term growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 08 2024
0mins
Source: Yahoo Finance
Institutional Ownership: Institutions hold a significant 60% stake in Brookfield Corporation, indicating their strong influence on the company's share price and potential for substantial gains or losses. The top 25 shareholders collectively own less than half, suggesting a diverse ownership structure.
Insider and Public Ownership: Insiders own CA$11 billion worth of shares, reflecting alignment with shareholder interests, while the general public holds a 29% stake, which may not be enough to sway company policy against larger shareholders' decisions.
Analyst Views on BN
Wall Street analysts forecast BN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BN is 49.91 USD with a low forecast of 36.00 USD and a high forecast of 59.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 46.600
Low
36.00
Averages
49.91
High
59.00
Current: 46.600
Low
36.00
Averages
49.91
High
59.00
About BN
Brookfield Corporation is a Canada-based global investment firm focused on building long-term wealth for institutions and individuals around the world. The Company has three core businesses: Alternative Asset Management, Wealth Solutions, and its Operating Businesses, which are in renewable power, infrastructure, business and industrial services, and real estate. Its Asset Management business includes managing long-term private funds, perpetual strategies and liquid strategies on behalf of its investors and itself. The Company's Wealth Solutions business includes its equity accounted interest in Brookfield Wealth Solutions Ltd. Its renewable power and transition business includes the ownership, operation and development of hydroelectric, wind, utility-scale solar power generating assets, distributed energy, and sustainable solutions. The Company’s infrastructure business includes the ownership, operation and development of utilities, transport, midstream, and data assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
