Bank of America Corp DE Grows Holdings in Brookfield Wealth Solutions Ltd. (NYSE:BNT)

Bank of America Corp DE boosted its holdings in Brookfield Wealth Solutions Ltd. (NYSE:BNT) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,842 shares of the company’s stock after purchasing an additional 3,340 shares during the quarter. Bank of America Corp DE’s holdings in Brookfield Wealth Solutions were worth $1,772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lincluden Management Ltd. purchased a new stake in Brookfield Wealth Solutions in the 4th quarter valued at $83,000. Tower Research Capital LLC TRC raised its position in Brookfield Wealth Solutions by 152.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,630 shares of the company’s stock valued at $209,000 after purchasing an additional 2,190 shares during the last quarter. Barclays PLC raised its position in Brookfield Wealth Solutions by 54.3% in the 4th quarter. Barclays PLC now owns 4,111 shares of the company’s stock valued at $236,000 after purchasing an additional 1,447 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in Brookfield Wealth Solutions by 78.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,566 shares of the company’s stock valued at $262,000 after purchasing an additional 2,009 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Brookfield Wealth Solutions by 4.7% in the 4th quarter. Renaissance Technologies LLC now owns 8,900 shares of the company’s stock valued at $511,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Brookfield Wealth Solutions Stock Up 0.8%

Shares of BNT opened at $58.23 on Wednesday. The firm has a market cap of $14.00 billion, a PE ratio of 181.97 and a beta of 1.59. The firm has a fifty day moving average price of $53.67. Brookfield Wealth Solutions Ltd. has a 1 year low of $40.12 and a 1 year high of $62.72.

Brookfield Wealth Solutions (NYSE:BNT) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter. Brookfield Wealth Solutions had a net margin of 0.10% and a return on equity of 0.14%.

Brookfield Wealth Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.09 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.36 annualized dividend and a yield of 0.62%. Brookfield Wealth Solutions’s dividend payout ratio is currently 109.09%.

Brookfield Wealth Solutions Company Profile

Brookfield Wealth Solutions is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of insurance products and services, including annuities, personal and commercial property and casualty insurance and life insurance.The company was incorporated in 2020 and is headquartered in Pembroke, Bermuda.