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Friday, September 29, 2023

Is Brookfield Corporation (NYSE: BN) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Brookfield Corporation (BN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.18, or -0.52%, to $34.50. The Brookfield Corporation has recorded 23,047 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Brookfield Announces Reset Dividend Rate on its Series 32 Preference Shares.

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Stocks Info

BN belongs to the Financial sector of the NYSE while operating in the Asset Management industry. At the end of the last regular session, the stock closed at $34.68 and fluctuated between $34.88 as its day high and $34.27 as its day low. The current market capitalization of Brookfield Corporation is $55.88B. A total of 1.71 million shares were traded on the day, compared to an average of 2.16M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, BN has seen 28 BUY and 3 SELL insider trades, representing the acquisition of 6,922,458 and the disposition of 6,900,000 shares. Over the last 12 months, there were 306 BUYs and 98 SELLs from insiders. Insiders purchased 149,320,540 shares during that period but sold 164,964,294.

In the most recent transaction, OCM Opps EB Holdings Ltd. sold 3,781,561 shares of BN for 58.00 per share on Jun 22. After the transaction, the 10% Owner now owns 0 company shares. In a previous transaction on Mar 29, Brookfield Multi-Strategy Mast sold 50,256 shares at 11.94 per share. BN shares that Director owns now total 21,054,667.

Among the insiders who sold shares, Brookfield Multi-Strategy Mast disposed of 24,744 shares on Mar 28 at a per-share price of $11.96. This resulted in the Director holding 21,104,923 shares of BN after the transaction.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Brookfield Corporation pays an annual dividend of $0.28, resulting in a dividend yield of 0.81%, and it has a price to earnings (P/E) ratio of 372.90. BN’s most recent ex-dividend date was 8/30/2023 when it declared a $0.07 quarterly dividend that was paid in cash on 9/29/2023. Previously, the company paid the dividend on 6/30/2023 with an ex-dividend date of 5/30/2023. The BN stock dividend was $0.07 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for BN in the last 3 months, the mean price target is $46.82 with high estimates of $65.00 and low estimates of $33.00. In terms of 52-week highs and lows, BN has a high of $41.91 and a low of $28.25.

As of this writing, BN has an earnings estimate of $0.94 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.98 per share and a lower estimate of $0.88. The company reported an EPS of $0.95 in the last quarter, which was 4.40% higher than expectations of $0.91.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. BN’s latest balance sheet shows that the firm has $19.66B in Cash & Short Term Investments as of fiscal 2021. There were $175.93B in debt and $65.08B in liabilities at the time. Its Book Value Per Share was $25.89, while its Total Shareholder’s Equity was $134.74B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BN is Buy with a score of 4.22.

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