Brookfield Corporation (NYSE:BN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in Brookfield Corporation (NYSE:BN) by 7.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,614 shares of the company’s stock after selling 1,350 shares during the quarter. Yousif Capital Management LLC’s holdings in Brookfield were worth $923,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BN. Strategic Wealth Partners Ltd. lifted its holdings in shares of Brookfield by 1.7% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 10,229 shares of the company’s stock worth $618,000 after purchasing an additional 170 shares during the period. Haverford Trust Co lifted its holdings in shares of 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 period. Orion Portfolio Solutions LLC lifted its holdings in shares of 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 purchasing an additional 197 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in shares of Brookfield by 5.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 4,350 shares of the company’s stock worth $250,000 after purchasing an additional 240 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Brookfield by 2.7% during the fourth quarter. Fisher Asset Management LLC now owns 9,873 shares of the company’s stock worth $567,000 after purchasing an additional 255 shares during the period. 61.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BN has been the subject of several recent research reports. Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a report on Sunday, June 8th. CIBC dropped their price target on Brookfield from $74.00 to $72.00 and set an “outperformer” rating for the company in a research report on Friday, May 9th. Morgan Stanley restated an “overweight” rating on shares of Brookfield in a research report on Monday, May 19th. JPMorgan Chase & Co. dropped their price objective on Brookfield from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, Royal Bank Of Canada began coverage on Brookfield in a research report on Wednesday. They set an “outperform” rating and a $81.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.13.

Brookfield Stock Up 2.5%

BN opened at $59.45 on Thursday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.30 and a quick ratio of 1.18. The stock has a market capitalization of $97.97 billion, a price-to-earnings ratio of 212.31 and a beta of 1.66. The business has a 50-day moving average of $55.66 and a two-hundred day moving average of $56.18. Brookfield Corporation has a 12 month low of $40.04 and a 12 month high of $62.78.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.98 EPS for the quarter, beating 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 return on equity of 4.20% and a net margin of 0.76%. On average, research analysts expect that Brookfield Corporation will post 3.85 earnings per share for the current year.

Brookfield Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield’s dividend payout ratio is currently 128.57%.

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.