Chemistry Wealth Management LLC Grows Stock Holdings in Brookfield Co. (NYSE:BN)

Chemistry Wealth Management LLC lifted its position in shares of Brookfield Co. (NYSE:BN) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 252,597 shares of the company’s stock after purchasing an additional 23,159 shares during the period. Brookfield accounts for about 3.4% of Chemistry Wealth Management LLC’s holdings, making the stock its 7th biggest position. Chemistry Wealth Management LLC’s holdings in Brookfield were worth $14,512,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Avanza Fonder AB bought a new position in shares of Brookfield during the fourth quarter valued at about $4,824,000. Empirical Asset Management LLC bought a new position in shares of Brookfield during the fourth quarter valued at about $5,531,000. Ritholtz Wealth Management lifted its position in shares of Brookfield by 9.7% during the fourth quarter. Ritholtz Wealth Management now owns 41,532 shares of the company’s stock valued at $2,386,000 after purchasing an additional 3,684 shares in the last quarter. Carnegie Investment Counsel bought a new position in shares of Brookfield during the fourth quarter valued at about $201,000. Finally, Connective Portfolio Management LLC bought a new position in shares of Brookfield during the fourth quarter valued at about $1,914,000. 61.60% of the stock is owned by institutional investors.

Brookfield Price Performance

BN opened at $58.16 on Friday. The company has a market capitalization of $87.73 billion, a price-to-earnings ratio of 123.75 and a beta of 1.56. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The firm has a 50-day moving average price of $58.13 and a 200-day moving average price of $52.50. Brookfield Co. has a twelve month low of $38.18 and a twelve month high of $62.44.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.08 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.55%. Brookfield’s dividend payout ratio (DPR) is currently 68.09%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BN shares. BMO Capital Markets restated an “outperform” rating and set a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a report on Friday, November 15th. Scotiabank raised their price objective on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.31.

About Brookfield

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.