Brookfield Wealth Solutions Stock to Split on Friday, October 10th (NYSE:BNT)

Key Points

• Brookfield Wealth Solutions is set to execute a 3-2 stock split on Friday, October 10th, with shares payable after market close on Thursday, October 9th.
• The company reported a quarterly earnings of $0.09 per share and had revenue of $3.04 billion, as well as a net margin of 0.11%.
• Recent activities show that several institutional investors have significantly increased their stakes in Brookfield Wealth Solutions, with JPMorgan Chase & Co. lifting its stake by 1,235.2% in the second quarter.

Shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) are set to split on Friday, October 10th. The 3-2 split was announced on Thursday, August 7th. The newly created shares will be payable to shareholders after the market closes on Thursday, October 9th.

Brookfield Wealth Solutions Stock Performance

NYSE:BNT opened at $71.71 on Wednesday. The stock has a fifty day moving average price of $66.86 and a 200-day moving average price of $59.62. The company has a market cap of $17.24 billion, a price-to-earnings ratio of 210.92 and a beta of 1.57. Brookfield Wealth Solutions has a fifty-two week low of $43.69 and a fifty-two week high of $74.16.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.09 earnings per share for the quarter. Brookfield Wealth Solutions had a return on equity of 0.12% and a net margin of 0.11%.The business had revenue of $3.04 billion during the quarter.

Brookfield Wealth Solutions Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, September 12th. Brookfield Wealth Solutions's dividend payout ratio is currently 105.88%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Brookfield Wealth Solutions from a "sell" rating to a "hold" rating in a report on Saturday, August 9th.

Institutional Investors Weigh In On Brookfield Wealth Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in Brookfield Wealth Solutions by 1,235.2% in the second quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company's stock valued at $75,000 after buying an additional 1,124 shares during the period. Northwest & Ethical Investments L.P. bought a new position in shares of Brookfield Wealth Solutions during the 1st quarter worth approximately $77,000. NBC Securities Inc. boosted its holdings in shares of Brookfield Wealth Solutions by 172,600.0% during the 1st quarter. NBC Securities Inc. now owns 1,727 shares of the company's stock worth $90,000 after buying an additional 1,726 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of Brookfield Wealth Solutions during the 2nd quarter worth approximately $207,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Brookfield Wealth Solutions by 8.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,773 shares of the company's stock worth $294,000 after buying an additional 388 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company's stock.

Brookfield Wealth Solutions Company Profile

Brookfield Wealth Solutions is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of insurance products and services, including annuities, personal and commercial property and casualty insurance and life insurance.The company was incorporated in 2020 and is headquartered in Pembroke, Bermuda.

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