Stratos Wealth Partners LTD. lowered its position in Brookfield Corporation (NYSE:BN - Free Report) by 36.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,529 shares of the company's stock after selling 5,443 shares during the period. Stratos Wealth Partners LTD.'s holdings in Brookfield were worth $499,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently modified their holdings of BN. Strategic Wealth Partners Ltd. raised its position in shares of Brookfield by 1.7% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 10,229 shares of the company's stock valued at $618,000 after buying an additional 170 shares during the last quarter. Haverford Trust Co increased its position in Brookfield by 4.7% during the fourth quarter. Haverford Trust Co now owns 4,308 shares of the company's stock worth $247,000 after purchasing an additional 192 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in Brookfield by 1.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,616 shares of the company's stock worth $955,000 after buying an additional 197 shares during the period. Checchi Capital Advisers LLC grew its stake in Brookfield by 2.9% during the first quarter. Checchi Capital Advisers LLC now owns 7,375 shares of the company's stock worth $387,000 after buying an additional 209 shares during the period. Finally, Independent Advisor Alliance grew its stake in Brookfield by 2.9% during the fourth quarter. Independent Advisor Alliance now owns 9,856 shares of the company's stock worth $566,000 after buying an additional 275 shares during the period. 61.60% of the stock is currently owned by hedge funds and other institutional investors.
Brookfield Price Performance
Shares of NYSE:BN traded up $2.42 during trading hours on Wednesday, hitting $65.75. 3,472,555 shares of the company's stock traded hands, compared to its average volume of 2,449,653. Brookfield Corporation has a 52 week low of $42.21 and a 52 week high of $69.50. The company's fifty day simple moving average is $59.91 and its two-hundred day simple moving average is $56.69. The company has a market cap of $108.36 billion, a price-to-earnings ratio of 234.83 and a beta of 1.66. 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 (NYSE:BN - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.90 by $0.08. The company 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%. As a group, equities analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current fiscal year.
Brookfield Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, June 13th. Brookfield's dividend payout ratio is currently 128.57%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. 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 target price for the company. Scotiabank dropped their target price on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. dropped their price objective on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. CIBC dropped their price objective on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a report on Friday, May 9th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Brookfield in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Brookfield currently has an average rating of "Moderate Buy" and a consensus price target of $66.13.
Check Out Our Latest Analysis on BN
About Brookfield
(
Free Report)
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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