Natixis Advisors LLC Has $21.86 Million Position in Brookfield Corporation (NYSE:BN)

Key Points

• Natixis Advisors LLC has reduced its holdings in Brookfield Corporation by 7.9%, now owning 417,049 shares worth approximately $21.86 million.
• Brookfield Corporation's quarterly earnings reported $0.98 EPS, surpassing estimates of $0.90, along with revenue of $1.37 billion.
• The company has declared a quarterly dividend of $0.09, resulting in an annualized yield of 0.6% despite a high payout ratio of 128.57%.

Natixis Advisors LLC reduced its holdings in Brookfield Corporation (NYSE:BN - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 417,049 shares of the company's stock after selling 35,635 shares during the quarter. Natixis Advisors LLC's holdings in Brookfield were worth $21,858,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in BN. Capital World Investors grew its position in Brookfield by 3.1% during the fourth quarter. Capital World Investors now owns 59,020,303 shares of the company's stock worth $3,390,786,000 after buying an additional 1,782,034 shares in the last quarter. TD Asset Management Inc grew its position in Brookfield by 1.5% during the first quarter. TD Asset Management Inc now owns 24,584,311 shares of the company's stock worth $1,286,395,000 after buying an additional 354,171 shares in the last quarter. FIL Ltd grew its position in Brookfield by 8.8% during the fourth quarter. FIL Ltd now owns 20,354,516 shares of the company's stock worth $1,169,912,000 after buying an additional 1,640,903 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Brookfield by 1.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 11,866,447 shares of the company's stock worth $682,497,000 after buying an additional 129,735 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Brookfield by 32.0% during the fourth quarter. Geode Capital Management LLC now owns 7,960,098 shares of the company's stock worth $460,489,000 after buying an additional 1,930,218 shares in the last quarter. 61.60% of the stock is owned by institutional investors and hedge funds.

Brookfield Trading Down 2.6%

Shares of BN opened at $65.32 on Friday. The stock has a fifty day moving average price of $62.02 and a two-hundred day moving average price of $57.53. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.30. Brookfield Corporation has a 52-week low of $42.21 and a 52-week high of $68.75. The company has a market cap of $107.70 billion, a price-to-earnings ratio of 233.29 and a beta of 1.70.

Brookfield (NYSE:BN - Get Free Report) last issued 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 return on equity of 4.20% and a net margin of 0.76%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Analysts predict that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, June 13th. Brookfield's payout ratio is 128.57%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. CIBC decreased their target price on Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research report on Friday, May 9th. JPMorgan Chase & Co. cut their price target on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. National Bank Financial started coverage on shares of Brookfield in a research note on Tuesday. They set an "outperform" rating and a $82.00 price target for the company. Wall Street Zen cut shares of Brookfield from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Finally, Royal Bank Of Canada started coverage on shares of Brookfield in a research note on Wednesday, June 18th. They set an "outperform" rating and a $81.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Brookfield has an average rating of "Moderate Buy" and an average price target of $70.00.

About Brookfield

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.

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