Burling Wealth Partners LLC Has $656,000 Position in Brookfield Corporation $BN

Burling Wealth Partners LLC lessened its holdings in shares of Brookfield Corporation (NYSE:BN) by 19.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 10,609 shares of the company’s stock after selling 2,637 shares during the period. Burling Wealth Partners LLC’s holdings in Brookfield were worth $656,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cerity Partners LLC lifted its stake in shares of Brookfield by 17.5% in the 1st quarter. Cerity Partners LLC now owns 106,147 shares of the company’s stock valued at $5,563,000 after purchasing an additional 15,823 shares during the period. Signaturefd LLC increased its holdings in Brookfield by 22.0% in the first quarter. Signaturefd LLC now owns 10,255 shares of the company’s stock valued at $537,000 after purchasing an additional 1,846 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in Brookfield by 46.7% in the first quarter. SBI Securities Co. Ltd. now owns 2,760 shares of the company’s stock valued at $145,000 after buying an additional 878 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Brookfield by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,524,840 shares of the company’s stock valued at $132,327,000 after buying an additional 30,680 shares during the period. Finally, C WorldWide Group Holding A S bought a new position in Brookfield during the first quarter worth about $1,215,000. Institutional investors own 61.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BN. National Bankshares set a $54.67 price target on shares of Brookfield and gave the company an “outperform” rating in a research report on Tuesday, July 29th. National Bank Financial started coverage on shares of Brookfield in a report on Tuesday, July 29th. They issued an “outperform” rating and a $54.67 target price on the stock. Zacks Research raised shares of Brookfield from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. BMO Capital Markets upped their price objective on shares of Brookfield from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Brookfield presently has an average rating of “Buy” and an average target price of $52.63.

Brookfield Stock Down 6.9%

Brookfield stock opened at $43.64 on Friday. The company has a 50 day moving average of $45.68 and a 200-day moving average of $42.76. The company has a quick ratio of 1.18, a current ratio of 1.29 and a debt-to-equity ratio of 1.50. Brookfield Corporation has a twelve month low of $29.07 and a twelve month high of $49.47. The stock has a market capitalization of $108.01 billion, a PE ratio of 152.24 and a beta of 1.73.

Brookfield Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, December 16th. Brookfield’s dividend payout ratio is 82.76%.

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.