Brookfield Corporation (NYSE:BN) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lessened its holdings in shares of Brookfield Corporation (NYSE:BN - Free Report) by 7.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,931 shares of the company's stock after selling 5,448 shares during the quarter. K.J. Harrison & Partners Inc's holdings in Brookfield were worth $3,611,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BN. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Brookfield in the 1st quarter valued at $26,000. ST Germain D J Co. Inc. bought a new position in shares of Brookfield in the 1st quarter valued at approximately $28,000. CoreCap Advisors LLC bought a new position in Brookfield in the 4th quarter worth approximately $29,000. Golden State Wealth Management LLC increased 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 worth $31,000 after buying an additional 296 shares during the period. Finally, Sunbelt Securities Inc. increased its position in Brookfield by 164.0% in the 4th quarter. Sunbelt Securities Inc. now owns 726 shares of the company's stock worth $42,000 after buying an additional 451 shares during the period. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Stock Up 0.8%

Shares of NYSE:BN opened at $61.62 on Friday. Brookfield Corporation has a 1 year low of $40.82 and a 1 year high of $62.78. The company has a market cap of $101.54 billion, a PE ratio of 220.05 and a beta of 1.66. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.30 and a quick ratio of 1.18. The stock's 50-day moving average is $57.26 and its 200 day moving average is $56.16.

Brookfield (NYSE:BN - Get Free Report) last posted 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%. Sell-side analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.58%. Brookfield's payout ratio is 128.57%.

Analyst Upgrades and Downgrades

BN has been the topic of a number of analyst reports. CIBC lowered their price target on Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. Morgan Stanley reaffirmed an "overweight" rating on shares of Brookfield in a research report on Monday, May 19th. JPMorgan Chase & Co. lowered their price target on Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Scotiabank reduced their price target on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a research note on Monday, April 7th. Finally, Wall Street Zen upgraded Brookfield from a "sell" rating to a "hold" rating in a research report on Sunday, June 8th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.

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