Brookfield Corporation (NYSE:BN) Holdings Lowered by Cwm LLC

Cwm LLC trimmed its stake in shares of Brookfield Corporation (NYSE:BN) by 22.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,780 shares of the company’s stock after selling 2,269 shares during the quarter. Cwm LLC’s holdings in Brookfield were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BN. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Brookfield during the 1st quarter worth about $26,000. North Capital Inc. acquired a new position in shares of Brookfield in the 1st quarter worth approximately $27,000. ST Germain D J Co. Inc. acquired a new position in shares of Brookfield in the 1st quarter worth approximately $28,000. CoreCap Advisors LLC acquired a new position in shares of Brookfield in the 4th quarter worth approximately $29,000. Finally, Golden State Wealth Management LLC grew its stake in shares of Brookfield by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 592 shares of the company’s stock worth $31,000 after purchasing an additional 296 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Performance

Shares of BN opened at $67.46 on Friday. The company’s 50 day moving average price is $60.95 and its 200 day moving average price is $57.09. Brookfield Corporation has a 52 week low of $42.21 and a 52 week high of $68.75. The company has a market capitalization of $111.22 billion, a PE ratio of 240.91 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) last posted 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 the consensus estimate of $1.36 billion. Brookfield had a net margin of 0.76% and a return on equity of 4.20%. Research analysts expect that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, June 13th. Brookfield’s dividend payout ratio is 128.57%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BN. TD Securities lowered their price objective on shares of Brookfield from $77.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Scotiabank lowered their price objective on shares of Brookfield from $71.00 to $68.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 7th. Royal Bank Of Canada initiated coverage on shares of Brookfield in a research report on Wednesday, June 18th. They issued an “outperform” rating and a $81.00 target price on the stock. Wall Street Zen downgraded shares of Brookfield from a “hold” rating to a “sell” rating in a research report on Saturday, July 12th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Brookfield from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.13.

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.