Brookfield Corporation (NYSE:BN) Shares Sold by Madison Asset Management LLC

Madison Asset Management LLC lessened its holdings in Brookfield Corporation (NYSE:BN - Free Report) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,195,621 shares of the company's stock after selling 17,609 shares during the quarter. Madison Asset Management LLC owned approximately 0.07% of Brookfield worth $62,662,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of Brookfield by 16.6% during the first quarter. GAMMA Investing LLC now owns 2,282 shares of the company's stock worth $120,000 after buying an additional 325 shares during the period. Inscription Capital LLC acquired a new stake in shares of Brookfield during the first quarter worth about $285,000. Assenagon Asset Management S.A. boosted its stake in shares of Brookfield by 0.7% during the first quarter. Assenagon Asset Management S.A. now owns 43,333 shares of the company's stock worth $2,267,000 after buying an additional 297 shares during the period. Golden State Wealth Management LLC boosted its stake in shares of Brookfield by 100.0% during the first 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, Bank of New York Mellon Corp boosted its stake in shares of Brookfield by 1.0% during the first quarter. Bank of New York Mellon Corp now owns 2,466,685 shares of the company's stock worth $129,279,000 after buying an additional 23,590 shares during the period. Hedge funds and other institutional investors own 61.60% of the company's stock.

Brookfield Trading Up 0.2%

Shares of NYSE BN traded up $0.14 during trading on Friday, hitting $67.59. 1,538,220 shares of the company traded hands, compared to its average volume of 2,648,829. Brookfield Corporation has a 1 year low of $42.21 and a 1 year high of $68.75. The company has a 50-day moving average price of $60.95 and a 200-day moving average price of $57.09. The firm has a market capitalization of $111.43 billion, a P/E ratio of 241.38 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 (NYSE:BN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.08. Brookfield had a net margin of 0.76% and a return on equity of 4.20%. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.36 billion. On average, equities analysts predict that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.09 per share. The ex-dividend date was Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.53%. Brookfield's dividend payout ratio (DPR) is 128.57%.

Analysts Set New Price Targets

BN has been the subject of a number of research reports. Wall Street Zen downgraded shares of Brookfield from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. TD Securities dropped their price objective on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Morgan Stanley reissued an "overweight" rating on shares of Brookfield in a research note on Monday, May 19th. Scotiabank dropped their price objective on shares of 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, CIBC lowered their target price on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock 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.