Atlantic Union Bankshares Corp Has $3.77 Million Holdings in Brookfield Corporation (NYSE:BN)

Atlantic Union Bankshares Corp lessened its position in shares of Brookfield Corporation (NYSE:BN - Free Report) by 6.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 71,865 shares of the company's stock after selling 5,069 shares during the quarter. Atlantic Union Bankshares Corp's holdings in Brookfield were worth $3,766,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. CoreCap Advisors LLC acquired a new stake in Brookfield in the 4th quarter valued at $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Brookfield in the 1st quarter valued at $26,000. North Capital Inc. acquired a new stake in Brookfield in the 1st quarter valued at $27,000. ST Germain D J Co. Inc. acquired a new stake in Brookfield in the 1st quarter valued at $28,000. Finally, Golden State Wealth Management LLC grew its position in 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 purchasing an additional 296 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Scotiabank reduced their price target on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research report on Monday, April 7th. Royal Bank Of Canada assumed coverage on shares of Brookfield in a research report on Wednesday, June 18th. They issued an "outperform" rating and a $81.00 price target for the company. Morgan Stanley reissued an "overweight" rating on shares of Brookfield in a research report on Monday, May 19th. Finally, CIBC dropped their price objective on Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.13.

Brookfield Price Performance

Shares of NYSE:BN opened at $67.30 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. The stock's fifty day simple moving average is $60.34 and its two-hundred day simple moving average is $56.83. Brookfield Corporation has a 1-year low of $42.21 and a 1-year high of $68.75. The stock has a market cap of $110.91 billion, a PE ratio of 240.36 and a beta of 1.66.

Brookfield (NYSE:BN - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.08. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.36 billion. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. As a group, analysts forecast that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, June 13th. Brookfield's payout ratio is 128.57%.

Brookfield 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.

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