Brookfield Corporation $BN is Chemistry Wealth Management LLC’s 6th Largest Position

Chemistry Wealth Management LLC raised its holdings in Brookfield Corporation (NYSE:BN) by 51.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 437,620 shares of the company’s stock after acquiring an additional 148,893 shares during the quarter. Brookfield makes up 3.8% of Chemistry Wealth Management LLC’s holdings, making the stock its 6th largest holding. Chemistry Wealth Management LLC’s holdings in Brookfield were worth $20,082,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BN. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Brookfield during the second quarter valued at $32,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Brookfield by 109.3% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 632 shares of the company’s stock worth $39,000 after purchasing an additional 330 shares during the last quarter. First Horizon Corp purchased a new position in Brookfield in the 3rd quarter worth about $40,000. Versant Capital Management Inc lifted its holdings in Brookfield by 507.5% during the 3rd quarter. Versant Capital Management Inc now owns 650 shares of the company’s stock valued at $45,000 after buying an additional 543 shares in the last quarter. Finally, AlphaCore Capital LLC bought a new stake in Brookfield during the 2nd quarter valued at about $63,000. 61.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. BMO Capital Markets upped their target price on shares of Brookfield from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. National Bank Financial boosted their price target on Brookfield from $56.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Brookfield in a research note on Monday, December 1st. Morgan Stanley restated an “overweight” rating and set a $60.00 price objective on shares of Brookfield in a report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Brookfield presently has a consensus rating of “Moderate Buy” and an average price target of $54.59.

Brookfield Trading Down 0.3%

NYSE:BN opened at $39.12 on Friday. The firm has a 50-day simple moving average of $44.90 and a 200-day simple moving average of $45.45. Brookfield Corporation has a one year low of $29.07 and a one year high of $49.56. The firm has a market cap of $95.83 billion, a P/E ratio of 79.29 and a beta of 1.58. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.21 and a current ratio of 1.32.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.87%. Equities analysts anticipate that Brookfield Corporation will post 3.85 EPS for the current fiscal year.

Brookfield Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.07 per share. This is a boost from Brookfield’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.28 annualized dividend and a yield of 0.7%. Brookfield’s payout ratio is 57.14%.

Brookfield Company Profile

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.