Envestnet Asset Management Inc. Has $90.77 Million Stake in Brookfield Corporation (NYSE:BN)

Envestnet Asset Management Inc. cut its stake in Brookfield Corporation (NYSE:BN - Free Report) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,732,283 shares of the company's stock after selling 216,514 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.11% of Brookfield worth $90,773,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BN. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Brookfield in the first quarter valued at about $26,000. North Capital Inc. bought a new position in shares of Brookfield in the first quarter valued at about $27,000. ST Germain D J Co. Inc. bought a new position in shares of Brookfield in the first quarter valued at about $28,000. CoreCap Advisors LLC bought a new position in shares of Brookfield in the fourth quarter valued at about $29,000. Finally, Golden State Wealth Management LLC grew 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 valued at $31,000 after acquiring an additional 296 shares in the last quarter. 61.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley restated an "overweight" rating on shares of Brookfield in a research note on Monday, May 19th. Royal Bank Of Canada assumed coverage on shares of Brookfield in a research note on Wednesday, June 18th. They issued an "outperform" rating and a $81.00 price target on the stock. Wall Street Zen downgraded shares of Brookfield from a "hold" rating to a "sell" rating in a research note on Saturday. TD Securities decreased their price target 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. Finally, CIBC decreased their price target on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $66.13.

Brookfield Price Performance

Shares of BN stock traded up $0.71 on Monday, reaching $63.87. The company had a trading volume of 1,389,476 shares, compared to its average volume of 2,451,064. The stock has a market capitalization of $105.26 billion, a PE ratio of 228.12 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 Corporation has a one year low of $42.21 and a one year high of $64.55. The business's 50-day moving average is $59.35 and its 200 day moving average is $56.53.

Brookfield (NYSE:BN - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.08. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. Brookfield had a net margin of 0.76% and a return on equity of 4.20%. Equities research analysts forecast that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.09 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.56%. Brookfield's dividend payout ratio (DPR) is presently 128.57%.

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.