Chemistry Wealth Management LLC Buys 12,351 Shares of Brookfield Co. (NYSE:BN)

Chemistry Wealth Management LLC increased its stake in Brookfield Co. (NYSE:BN - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 264,948 shares of the company's stock after acquiring an additional 12,351 shares during the quarter. Brookfield makes up about 3.2% of Chemistry Wealth Management LLC's portfolio, making the stock its 8th biggest holding. Chemistry Wealth Management LLC's holdings in Brookfield were worth $13,886,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of Brookfield by 521.1% during the 3rd quarter. Barclays PLC now owns 71,402 shares of the company's stock worth $3,794,000 after acquiring an additional 59,906 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Brookfield by 1.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 78,682 shares of the company's stock worth $4,520,000 after purchasing an additional 974 shares during the period. Regents of The University of California acquired a new position in Brookfield during the 4th quarter valued at about $154,140,000. SVB Wealth LLC acquired a new stake in shares of Brookfield in the 4th quarter worth approximately $210,000. Finally, American Century Companies Inc. boosted its holdings in Brookfield by 3.6% during the fourth quarter. American Century Companies Inc. now owns 64,088 shares of the company's stock worth $3,684,000 after buying an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen upgraded shares of Brookfield from a "sell" rating to a "hold" rating in a research report on Sunday. TD Securities dropped their price target on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. CIBC lowered their price objective on Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. Scotiabank reduced their price objective on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.00.

Brookfield Price Performance

BN stock traded up $0.51 during mid-day trading on Tuesday, reaching $59.10. The company's stock had a trading volume of 5,125,716 shares, compared to its average volume of 2,690,687. The stock has a market cap of $97.36 billion, a PE ratio of 196.99 and a beta of 1.66. Brookfield Co. has a fifty-two week low of $39.97 and a fifty-two week high of $62.78. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40. The company's 50 day moving average is $54.26 and its two-hundred day moving average is $56.24.

Brookfield (NYSE:BN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.08. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Brookfield had a return on equity of 3.93% and a net margin of 0.75%. Equities research analysts expect that Brookfield Co. will post 3.85 EPS for the current year.

Brookfield Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.61%. Brookfield's dividend payout ratio is currently 128.57%.

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.