Corient Private Wealth LP Has $80.15 Million Stock Holdings in Brookfield Corporation $BN

Corient Private Wealth LP decreased its position in Brookfield Corporation (NYSE:BN - Free Report) by 19.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,881,844 shares of the company's stock after selling 448,116 shares during the period. Corient Private Wealth LP owned approximately 0.08% of Brookfield worth $80,148,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BN. AQR Capital Management LLC boosted its position in Brookfield by 147.5% during the 1st quarter. AQR Capital Management LLC now owns 18,571 shares of the company's stock worth $963,000 after acquiring an additional 11,069 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Brookfield by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 2,488 shares of the company's stock valued at $130,000 after purchasing an additional 295 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of Brookfield by 32.3% during the second quarter. Sivia Capital Partners LLC now owns 5,714 shares of the company's stock worth $353,000 after acquiring an additional 1,396 shares during the last quarter. AXA S.A. increased its holdings in Brookfield by 42.2% in the second quarter. AXA S.A. now owns 103,531 shares of the company's stock worth $6,403,000 after purchasing an additional 30,703 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Brookfield by 29.6% in the second quarter. Squarepoint Ops LLC now owns 25,502 shares of the company's stock valued at $1,577,000 after purchasing an additional 5,821 shares in the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Trading Up 0.4%

Shares of BN stock opened at $38.20 on Friday. The stock has a market capitalization of $93.66 billion, a price-to-earnings ratio of 69.45 and a beta of 1.53. Brookfield Corporation has a 12-month low of $37.85 and a 12-month high of $49.56. The stock's 50-day moving average price is $42.30 and its 200-day moving average price is $43.13. The company has a current ratio of 1.34, a quick ratio of 1.22 and a debt-to-equity ratio of 1.54.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.62 by $0.04. Brookfield had a net margin of 1.85% and a return on equity of 3.93%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. Equities research analysts predict that Brookfield Corporation will post 2.93 EPS for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 14th. Brookfield's dividend payout ratio (DPR) is 50.91%.

Analyst Ratings Changes

BN has been the subject of several recent research reports. Scotia boosted their target price on shares of Brookfield from $53.00 to $54.00 and gave the stock a "sector outperform" rating in a research report on Friday, August 14th. TD Securities restated a "buy" rating and issued a $60.00 target price on shares of Brookfield in a research note on Tuesday, May 19th. National Bank Financial increased their price target on Brookfield from $58.00 to $60.00 and gave the company an "outperform" rating in a research report on Friday, May 15th. Morgan Stanley set a $59.00 price objective on Brookfield and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. Finally, BMO Capital Markets upgraded shares of Brookfield to a "strong-buy" rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Brookfield has a consensus rating of "Moderate Buy" and an average target price of $57.40.

Brookfield Profile

Brookfield Corporation NYSE: BN is a global investment and asset management company that owns and operates businesses across real estate, renewable power and transition, infrastructure, and private equity. Through its operating platforms and investments, the company is involved in assets such as office, retail, multifamily and logistics properties; hydroelectric, wind and solar facilities; transportation, data and utility infrastructure; and companies in industries including industrials, technology and business services.

Brookfield also maintains a significant interest in Brookfield Asset Management, an alternative asset manager that manages capital for institutional and individual investors.

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