Wall Street Zen Upgrades Brookfield Wealth Solutions (NYSE:BNT) to Hold

Wall Street Zen upgraded shares of Brookfield Wealth Solutions (NYSE:BNT) from a sell rating to a hold rating in a report released on Saturday morning.

Brookfield Wealth Solutions Trading Down 0.4%

BNT stock opened at $64.44 on Friday. The firm has a market cap of $15.49 billion, a P/E ratio of 189.53 and a beta of 1.58. Brookfield Wealth Solutions has a 1-year low of $43.69 and a 1-year high of $68.87. The business’s 50 day moving average is $62.97 and its 200-day moving average is $57.81. The company has a current ratio of 1.94, a quick ratio of 0.21 and a debt-to-equity ratio of 0.21.

Brookfield Wealth Solutions shares are set to split before the market opens on Friday, October 10th. The 3-2 split was announced on Thursday, August 7th. The newly issued shares will be distributed to shareholders after the closing bell on Thursday, October 9th.

Brookfield Wealth Solutions (NYSE:BNT) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.09 EPS for the quarter. The business had revenue of $3.04 billion for the quarter. Brookfield Wealth Solutions had a return on equity of 0.12% and a net margin of 0.11%.

Brookfield Wealth Solutions Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, September 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. Brookfield Wealth Solutions’s dividend payout ratio is 105.88%.

Institutional Investors Weigh In On Brookfield Wealth Solutions

A number of large investors have recently bought and sold shares of BNT. Northwest & Ethical Investments L.P. bought a new stake in Brookfield Wealth Solutions during the 1st quarter worth approximately $77,000. NBC Securities Inc. boosted its position in Brookfield Wealth Solutions by 172,600.0% in the 1st quarter. NBC Securities Inc. now owns 1,727 shares of the company’s stock valued at $90,000 after buying an additional 1,726 shares during the last quarter. Arkadios Wealth Advisors bought a new position in Brookfield Wealth Solutions in the 2nd quarter valued at $207,000. Tower Research Capital LLC TRC boosted its position in Brookfield Wealth Solutions by 152.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,630 shares of the company’s stock valued at $209,000 after buying an additional 2,190 shares during the last quarter. Finally, Barclays PLC boosted its position in Brookfield Wealth Solutions by 54.3% in the 4th quarter. Barclays PLC now owns 4,111 shares of the company’s stock valued at $236,000 after buying an additional 1,447 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors.

About Brookfield Wealth Solutions

Brookfield Wealth Solutions is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of insurance products and services, including annuities, personal and commercial property and casualty insurance and life insurance.The company was incorporated in 2020 and is headquartered in Pembroke, Bermuda.