AE Wealth Management LLC Has $658,000 Stake in Brookfield Corporation (NYSE:BN)

AE Wealth Management LLC cut its holdings in shares of Brookfield Corporation (NYSE:BN - Free Report) by 55.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,551 shares of the company's stock after selling 15,644 shares during the quarter. AE Wealth Management LLC's holdings in Brookfield were worth $658,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CoreCap Advisors LLC purchased a new stake in shares of Brookfield during the 4th quarter worth about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Brookfield in the 1st quarter valued at approximately $26,000. North Capital Inc. bought a new position in shares of Brookfield in the 1st quarter valued at approximately $27,000. ST Germain D J Co. Inc. bought a new position in shares of Brookfield in the 1st quarter valued at approximately $28,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Brookfield by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 592 shares of the company's stock valued at $31,000 after acquiring an additional 296 shares in the last quarter. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Performance

Shares of NYSE:BN traded down $1.35 during trading on Friday, hitting $65.70. 1,299,056 shares of the stock were exchanged, compared to its average volume of 2,640,110. Brookfield Corporation has a 1-year low of $42.21 and a 1-year high of $68.75. The company has a market capitalization of $108.32 billion, a price-to-earnings ratio of 234.25 and a beta of 1.66. The company's fifty day simple moving average is $61.85 and its 200-day simple moving average is $57.46. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.30.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.08. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. Sell-side analysts expect that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.36 annualized dividend and a yield of 0.5%. Brookfield's payout ratio is currently 128.57%.

Analyst Ratings Changes

BN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Wall Street Zen downgraded Brookfield from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. National Bankshares set a $82.00 price objective on Brookfield and gave the company an "outperform" rating in a research note on Tuesday. Morgan Stanley reissued an "overweight" rating on shares of Brookfield in a research note on Monday, May 19th. Finally, Royal Bank Of Canada assumed coverage on Brookfield in a research note on Wednesday, June 18th. They issued an "outperform" rating and a $81.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Brookfield has a consensus rating of "Moderate Buy" and an average target price of $70.00.

Brookfield Company Profile

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.