Brookfield Co. (NYSE:BN) is Chemistry Wealth Management LLC's 7th Largest Position

Chemistry Wealth Management LLC lifted its stake in shares of Brookfield Co. (NYSE:BN - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 252,597 shares of the company's stock after acquiring an additional 23,159 shares during the period. Brookfield accounts for approximately 3.4% of Chemistry Wealth Management LLC's portfolio, 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.

Several other institutional investors and hedge funds have also recently modified their holdings of BN. First Personal Financial Services purchased a new position in shares of Brookfield during the 3rd quarter worth $42,000. FSA Wealth Management LLC purchased a new stake in Brookfield during the 3rd quarter worth about $42,000. Prestige Wealth Management Group LLC boosted its stake in shares of Brookfield by 137.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 865 shares of the company's stock valued at $46,000 after buying an additional 500 shares during the period. Continuum Advisory LLC acquired a new position in shares of Brookfield during the third quarter worth about $55,000. Finally, Pinnacle Bancorp Inc. increased its stake in shares of Brookfield by 29.5% during the fourth quarter. Pinnacle Bancorp Inc. now owns 969 shares of the company's stock worth $56,000 after buying an additional 221 shares during the period. Institutional investors and hedge funds own 61.60% of the company's stock.

Brookfield Stock Up 1.0 %

Shares of NYSE:BN traded up $0.58 during trading on Friday, hitting $58.16. 1,406,514 shares of the company were exchanged, compared to its average volume of 1,766,969. The firm's 50 day moving average price is $58.13 and its 200-day moving average price is $52.50. Brookfield Co. has a 12-month low of $38.18 and a 12-month high of $62.44. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The stock has a market capitalization of $87.73 billion, a P/E ratio of 123.75 and a beta of 1.56.

Brookfield Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 yield of 0.55%. Brookfield's dividend payout ratio (DPR) is presently 68.09%.

Wall Street Analysts Forecast Growth

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

Brookfield Company Profile

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.