Brookfield Corporation (NYSE: BN) is -1.48% lower on its value in year-to-date trading and has touched a low of $38.18 and a high of $62.78 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BN stock was last observed hovering at around $57.94 in the last trading session, with the day’s loss setting it -1.34%.
Currently trading at $56.60, the stock is -4.10% and -3.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.76 million and changing -2.31% at the moment leaves the stock 9.27% off its SMA200. BN registered 38.39% gain for a year compared to 6-month gain of 14.41%.
The stock witnessed a -8.78% loss in the last 1 month and extending the period to 3 months gives it a -5.79%, and is -2.23% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.95% over the week and 2.45% over the month.
Brookfield Corporation (BN) has around 240000 employees, a market worth around $93.18B and $87.25B in sales. Current P/E ratio is 188.04 and Fwd P/E is 12.29. Profit margin for the company is 0.54%. Distance from 52-week low is 48.25% and -9.84% from its 52-week high. The company has generated returns on investments over the last 12 months (0.17%).
The EPS is expected to shrink by -3.07% this year.
Brookfield Corporation (BN) Top Institutional Holders
The shares outstanding are 1.65B, and float is at 1.32B with Short Float at 0.52%.
The top institutional shareholder in the company is PARTNERS VALUE INVESTMENTS LP with over 120.97 million shares valued at $5.03 billion. The investor’s holdings represent 8.0133% of the BN Shares outstanding. As of 2024-06-30, the second largest holder is ROYAL BANK OF CANADA with 90.6 million shares valued at $3.76 billion to account for 6.0015 of the shares outstanding. The other top investors are PRINCIPAL FINANCIAL GROUP INC which holds 60.86 million shares representing 4.007% and valued at over $2.53 billion, while VANGUARD GROUP INC holds 3.8122 of the shares totaling 57.9 million with a market value of $2.41 billion.
Brookfield Corporation (BN) Insider Activity
A total of 0 insider transactions have happened at Brookfield Corporation (BN) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by OCM Growth Holdings LLC, the company’s Director. SEC filings show that OCM Growth Holdings LLC sold 400,000 shares of the company’s common stock on Jun 10 ’24 at a price of $11.90 per share for a total of $4.76 million. Following the sale, the insider now owns 10.78 million shares.
Brookfield Corporation disclosed in a document filed with the SEC on May 14 ’24 that OCM Growth Holdings LLC (Director) sold a total of 4,312,500 shares of the company’s common stock. The trade occurred on May 14 ’24 and was made at $11.50 per share for $49.59 million. Following the transaction, the insider now directly holds 11.18 million shares of the BN stock.
Still, SEC filings show that on Apr 24 ’24, Oaktree Capital Group Holdings (10% Owner) disposed off 7,131 shares at an average price of $21.75 for $0.16 million. The insider now directly holds 0 shares of Brookfield Corporation (BN).
Brookfield Corporation (BN): Who are the competitors?
The company’s main competitors (and peers) include CF Industries Holdings Inc. (CF) that is trading -2.37% down over the past 12 months. Canadian Imperial Bank of Commerce (CM) that is 23.25% higher over the same period.
