U.S. Capital Wealth Advisors LLC Buys New Position in Brookfield Corporation (NYSE:BN)

U.S. Capital Wealth Advisors LLC bought a new stake in shares of Brookfield Corporation (NYSE:BN - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 6,470 shares of the company's stock, valued at approximately $339,000.

Several other hedge funds have also modified their holdings of BN. Independent Advisor Alliance raised its holdings in shares of Brookfield by 2.9% during the 4th quarter. Independent Advisor Alliance now owns 9,856 shares of the company's stock valued at $566,000 after buying an additional 275 shares during the period. Citizens Financial Group Inc. RI raised its holdings in shares of Brookfield by 5.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company's stock valued at $250,000 after buying an additional 240 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of Brookfield during the 4th quarter valued at about $3,063,000. Commonwealth Equity Services LLC raised its holdings in shares of Brookfield by 0.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 266,842 shares of the company's stock valued at $15,330,000 after buying an additional 1,123 shares during the period. Finally, Aviso Financial Inc. raised its holdings in shares of Brookfield by 2.4% during the 4th quarter. Aviso Financial Inc. now owns 1,506,285 shares of the company's stock valued at $86,555,000 after buying an additional 34,857 shares during the period. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on BN. Scotiabank dropped their target price on Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. CIBC lowered their price objective on Brookfield from $74.00 to $72.00 and set an "outperformer" rating for the company in a research note on Friday, May 9th. JPMorgan Chase & Co. lowered their price objective on Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Royal Bank Of Canada assumed coverage on Brookfield in a research note on Wednesday, June 18th. They set an "outperform" rating and a $81.00 price objective for the company. Finally, TD Securities lowered their price objective on Brookfield from $77.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Brookfield has a consensus rating of "Moderate Buy" and an average target price of $66.13.

Brookfield Price Performance

Shares of BN opened at $63.12 on Friday. The firm has a market cap of $104.02 billion, a price-to-earnings ratio of 225.43 and a beta of 1.66. The stock has a 50 day moving average of $59.35 and a 200-day moving average of $56.55. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. Brookfield Corporation has a 52 week low of $42.21 and a 52 week high of $64.55.

Brookfield (NYSE:BN - Get Free Report) last issued 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 analyst estimates of $1.36 billion. Brookfield had a return on equity of 4.20% and a net margin of 0.76%. As a group, analysts forecast that Brookfield Corporation will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.09 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.57%. Brookfield's payout ratio is 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.

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