Brookfield Business Corp $BBUC Position Cut by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. trimmed its position in Brookfield Business Corp by 82.3% in Q3, selling 46,168 shares and leaving 9,919 shares worth about $333,000.
• Qube Research & Technologies opened a new position in Q3 worth approximately $907,000, and institutional investors now own about 85.04% of BBUC shares.
• Brookfield Business pays a quarterly dividend of $0.0625 (annualized $0.25, ~0.7% yield) but has a negative payout ratio (−96.15%), and the stock carries a consensus analyst rating of Reduce.

JPMorgan Chase & Co. trimmed its holdings in Brookfield Business Corp (NYSE:BBUC - Free Report) by 82.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,919 shares of the company's stock after selling 46,168 shares during the quarter. JPMorgan Chase & Co.'s holdings in Brookfield Business were worth $333,000 at the end of the most recent reporting period.

Separately, Qube Research & Technologies Ltd bought a new position in Brookfield Business in the 3rd quarter worth approximately $907,000. 85.04% of the stock is owned by institutional investors and hedge funds.

Brookfield Business Stock Performance

Shares of NYSE BBUC opened at $34.62 on Wednesday. The firm's fifty day moving average price is $33.66. The company has a current ratio of 1.67, a quick ratio of 1.39 and a debt-to-equity ratio of 2.91. The company has a market cap of $7.17 billion, a price-to-earnings ratio of -133.15 and a beta of 1.32. Brookfield Business Corp has a 1 year low of $23.29 and a 1 year high of $38.25.

Brookfield Business Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, March 23rd. Brookfield Business's dividend payout ratio (DPR) is presently -96.15%.

Analyst Upgrades and Downgrades

BBUC has been the subject of a number of recent analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Brookfield Business in a report on Monday, December 29th. Zacks Research raised Brookfield Business from a "strong sell" rating to a "hold" rating in a report on Tuesday, March 31st. Finally, Wall Street Zen raised Brookfield Business to a "hold" rating in a research note on Sunday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce".

Brookfield Business Company Profile

Brookfield Business NYSE: BBUC is a publicly traded operating company affiliated with the Brookfield group that focuses on owning and managing a portfolio of industrial and business services companies. The company’s model centers on acquiring established businesses and applying active operational oversight, capital investment and strategic management to improve performance and support long‑term growth.

Brookfield Business’s activities span a range of sectors within the industrial and services landscape, including manufacturing, industrial services, specialty distribution and business‑to‑business service providers.

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