C WorldWide Group Holding A S Sells 32,508 Shares of Brookfield Corporation $BN

C WorldWide Group Holding A S lowered its stake in Brookfield Corporation (NYSE:BN) by 71.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 13,007 shares of the company’s stock after selling 32,508 shares during the period. C WorldWide Group Holding A S’s holdings in Brookfield were worth $892,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its stake in shares of Brookfield by 4.1% in the 2nd quarter. SG Americas Securities LLC now owns 4,333 shares of the company’s stock worth $268,000 after buying an additional 172 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Brookfield by 7.1% in the second quarter. SBI Securities Co. Ltd. now owns 2,957 shares of the company’s stock valued at $183,000 after acquiring an additional 197 shares during the period. Savant Capital LLC boosted its position in Brookfield by 6.5% in the third quarter. Savant Capital LLC now owns 3,689 shares of the company’s stock worth $253,000 after purchasing an additional 226 shares during the last quarter. Advisors Capital Management LLC grew its stake in shares of Brookfield by 3.2% during the 2nd quarter. Advisors Capital Management LLC now owns 7,440 shares of the company’s stock valued at $460,000 after purchasing an additional 230 shares during the period. Finally, State of Wyoming increased its position in shares of Brookfield by 7.8% during the 3rd quarter. State of Wyoming now owns 3,301 shares of the company’s stock valued at $227,000 after purchasing an additional 240 shares during the last quarter. 61.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BN shares. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Brookfield in a report on Monday, December 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield in a research report on Monday, December 29th. CIBC reiterated an “outperform” rating and set a $52.00 price target (up previously from $50.67) on shares of Brookfield in a research note on Friday, November 14th. National Bankshares upped their price objective on Brookfield from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Morgan Stanley reissued an “overweight” rating and set a $58.00 price target on shares of Brookfield in a report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $54.70.

Brookfield Price Performance

NYSE:BN opened at $44.28 on Friday. The business’s 50-day simple moving average is $46.52 and its two-hundred day simple moving average is $45.50. Brookfield Corporation has a 52 week low of $29.07 and a 52 week high of $49.56. The stock has a market cap of $109.66 billion, a PE ratio of 122.99 and a beta of 1.57. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.54.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Brookfield had a return on equity of 3.92% and a net margin of 1.34%.The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. As a group, analysts forecast 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 Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a $0.06 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $0.24 annualized dividend and a yield of 0.5%. Brookfield’s payout ratio is presently 66.67%.

Brookfield Company Profile

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.