C WorldWide Group Holding A S Acquires New Stake in Brookfield Corporation (NYSE:BN)

C WorldWide Group Holding A S purchased a new position in shares of Brookfield Corporation (NYSE:BN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 23,184 shares of the company's stock, valued at approximately $1,215,000.

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

Brookfield Trading Down 1.2%

BN traded down $0.84 during trading hours on Friday, reaching $67.30. The company's stock had a trading volume of 1,946,896 shares, compared to its average volume of 2,454,704. The stock has a market cap of $110.91 billion, a PE ratio of 240.36 and a beta of 1.66. Brookfield Corporation has a fifty-two week low of $42.21 and a fifty-two week high of $68.66. 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 business's 50-day moving average is $60.34 and its 200-day moving average is $56.83.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.08. The business had revenue of $1.37 billion during 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, equities research analysts predict that Brookfield Corporation will post 3.85 earnings per share for the current fiscal year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.09 dividend. 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 dividend payout ratio (DPR) is 128.57%.

Wall Street Analyst Weigh In

Several research analysts recently commented on BN shares. TD Securities reduced their price objective on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. CIBC lowered their price target on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. Scotiabank cut their price objective on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating for the company in a report on Monday, April 7th. Finally, Morgan Stanley restated an "overweight" rating on shares of Brookfield in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $66.13.

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.