Brookfield Corporation (NYSE:BN) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC grew its holdings in Brookfield Corporation (NYSE:BN - Free Report) by 17.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,147 shares of the company's stock after purchasing an additional 15,823 shares during the period. Cerity Partners LLC's holdings in Brookfield were worth $5,563,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in BN. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Brookfield during the first quarter valued at $26,000. North Capital Inc. acquired a new position in shares of Brookfield during the first quarter valued at about $27,000. ST Germain D J Co. Inc. purchased a new position in shares of Brookfield in the first quarter worth $28,000. CoreCap Advisors LLC acquired a new stake in Brookfield during the 4th quarter worth about $29,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Brookfield by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 592 shares of the company's stock worth $31,000 after purchasing an additional 296 shares during the period. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Trading Down 1.2%

NYSE BN traded down $0.84 during trading on Friday, hitting $67.30. The stock had a trading volume of 1,946,738 shares, compared to its average volume of 2,456,358. Brookfield Corporation has a twelve month low of $42.21 and a twelve month high of $68.66. The firm has a 50 day moving average price of $60.13 and a 200 day moving average price of $56.76. The company has a market capitalization of $110.91 billion, a PE ratio of 240.36 and a beta of 1.66. The company has a quick ratio of 1.18, a current ratio of 1.30 and a debt-to-equity ratio of 1.49.

Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $1.36 billion. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. As a group, equities research analysts forecast that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on BN shares. Scotiabank lowered their target price on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 7th. CIBC reduced their price objective on Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th. TD Securities decreased their target price on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Wall Street Zen lowered Brookfield from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Finally, Royal Bank Of Canada initiated coverage on Brookfield in a report on Wednesday, June 18th. They issued an "outperform" rating and a $81.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $66.13.

About Brookfield

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.