Brookfield (NYSE:BN) Shares Set to Split on Friday, October 10th

Brookfield Corporation (NYSE:BN) shares are going to split on Friday, October 10th. The 3-2 split was announced on Thursday, August 7th. The newly created shares will be payable to shareholders after the closing bell on Thursday, October 9th.

Brookfield Price Performance

Shares of NYSE BN opened at $68.76 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.29 and a quick ratio of 1.18. The company has a market cap of $113.40 billion, a PE ratio of 159.91 and a beta of 1.75. The stock has a fifty day moving average price of $67.12 and a 200 day moving average price of $60.65. Brookfield has a 1-year low of $43.61 and a 1-year high of $74.20.

Brookfield (NYSE:BN) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). Brookfield had a return on equity of 3.77% and a net margin of 1.11%.The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Sell-side analysts forecast that Brookfield will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, September 12th. Brookfield’s payout ratio is currently 83.72%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. National Bankshares set a $82.00 target price on Brookfield and gave the stock an “outperform” rating in a research note on Tuesday, July 29th. BMO Capital Markets upped their price objective on Brookfield from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Scotiabank raised their target price on Brookfield from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Wall Street Zen upgraded shares of Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, National Bank Financial began coverage on shares of Brookfield in a report on Tuesday, July 29th. They issued an “outperform” rating and a $82.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $76.70.

Hedge Funds Weigh In On Brookfield

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BN. GAMMA Investing LLC increased its position in Brookfield by 7.4% during the second quarter. GAMMA Investing LLC now owns 2,451 shares of the company’s stock worth $152,000 after buying an additional 169 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Brookfield by 4.1% in the second quarter. SG Americas Securities LLC now owns 4,333 shares of the company’s stock valued at $268,000 after acquiring an additional 172 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Brookfield by 7.1% during 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 last quarter. Chicago Capital LLC increased its position in Brookfield by 0.4% during the 2nd quarter. Chicago Capital LLC now owns 56,563 shares of the company’s stock worth $3,498,000 after purchasing an additional 200 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its position in Brookfield by 2.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 7,375 shares of the company’s stock worth $387,000 after purchasing an additional 209 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.

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.