Brookfield Corporation (NYSE:BN) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP trimmed its holdings in shares of Brookfield Corporation (NYSE:BN - Free Report) by 0.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,828,883 shares of the company's stock after selling 22,655 shares during the period. Brookfield accounts for about 2.0% of Cooke & Bieler LP's holdings, making the stock its 11th largest holding. Cooke & Bieler LP owned about 0.23% of Brookfield worth $200,672,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BN. Envestnet Portfolio Solutions Inc. increased its position in Brookfield by 4.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,450 shares of the company's stock valued at $543,000 after acquiring an additional 415 shares during the period. Signaturefd LLC increased its position in Brookfield by 51.3% during the 4th quarter. Signaturefd LLC now owns 8,409 shares of the company's stock worth $483,000 after purchasing an additional 2,851 shares during the period. Tocqueville Asset Management L.P. increased its position in Brookfield by 7.5% during the 4th quarter. Tocqueville Asset Management L.P. now owns 55,442 shares of the company's stock worth $3,185,000 after purchasing an additional 3,887 shares during the period. Generali Asset Management SPA SGR acquired a new position in Brookfield during the 4th quarter worth approximately $3,711,000. Finally, Next Capital Management LLC acquired a new position in Brookfield during the 4th quarter worth approximately $605,000. 61.60% of the stock is owned by hedge funds and other institutional investors.

Brookfield Stock Up 3.6%

NYSE:BN traded up $2.37 during mid-day trading on Thursday, hitting $68.16. The company had a trading volume of 5,196,652 shares, compared to its average volume of 2,458,397. The business has a fifty day simple moving average of $60.13 and a 200-day simple moving average of $56.76. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. Brookfield Corporation has a 1 year low of $42.21 and a 1 year high of $68.66. The firm has a market capitalization of $112.33 billion, a price-to-earnings ratio of 243.44 and a beta of 1.66.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.90 by $0.08. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Equities analysts forecast that Brookfield Corporation will post 3.85 earnings per share 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. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.53%. Brookfield's dividend payout ratio is presently 128.57%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BN shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Brookfield in a research note on Monday, May 19th. Scotiabank reduced their price target 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. Royal Bank Of Canada began coverage on Brookfield in a research note on Wednesday, June 18th. They set an "outperform" rating and a $81.00 price target on the stock. CIBC reduced their price target on Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. Finally, TD Securities reduced their price target on Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brookfield presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.13.

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.