Bbr Partners Has Upped Brown Forman (BF.B) Position By $26.56 Million; Chemical Financial Has 1.17 Sentiment

May 24, 2017 - By Richard Conner

Bbr Partners Llc increased Brown Forman Corp (BF.B) stake by 398.32% reported in 2016Q4 SEC filing. Bbr Partners Llc acquired 603,720 shares as Brown Forman Corp (BF.B)’s stock 0.00%. The Bbr Partners Llc holds 755,286 shares with $33.93 million value, up from 151,566 last quarter. Brown Forman Corp now has $19.42 billion valuation. The stock rose 0.26% or $0.14 reaching $53.52 per share. About 616,262 shares traded. Brown-Forman Corporation (NYSE:BF.B) has risen 11.07% since May 24, 2016 and is uptrending. It has underperformed by 5.63% the S&P500.

Chemical Financial Corporation is a financial holding company. The company has market cap of $3.35 billion. The Firm operates in the commercial banking segment. It has a 23.16 P/E ratio. The Company, through its subsidiary bank, Chemical Bank, offers banking and fiduciary services and products.

Among 9 analysts covering Brown-Forman (NYSE:BF.B), 1 have Buy rating, 2 Sell and 6 Hold. Therefore 11% are positive. Brown-Forman had 16 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Sterne Agee CRT given on Friday, February 26. The firm earned “Buy” rating on Tuesday, July 21 by Sterne Agee CRT. As per Monday, September 28, the company rating was downgraded by Morgan Stanley. The firm earned “Hold” rating on Tuesday, May 23 by RBC Capital Markets. On Thursday, December 8 the stock rating was maintained by Stifel Nicolaus with “Hold”. Stifel Nicolaus maintained the shares of BF.B in report on Wednesday, March 8 with “Hold” rating. The stock has “Hold” rating by SunTrust on Thursday, December 22. Credit Suisse initiated the stock with “Outperform” rating in Friday, September 16 report. RBC Capital Markets downgraded it to “Sector Perform” rating and $109 target in Monday, January 4 report. On Friday, October 23 the stock rating was downgraded by Stifel Nicolaus to “Hold”.

Bbr Partners Llc decreased Energy Transfer Prtnrs LP (NYSE:ETP) stake by 10,000 shares to 29,500 valued at $1.06 million in 2016Q4. It also reduced Alphabet Inc stake by 1,122 shares and now owns 2,364 shares. Microsoft Corp (NASDAQ:MSFT) was reduced too.

Analysts await Chemical Financial Corporation (NASDAQ:CHFC) to report earnings on July, 25. They expect $0.73 earnings per share, up 1.39% or $0.01 from last year’s $0.72 per share. CHFC’s profit will be $52.42M for 15.98 P/E if the $0.73 EPS becomes a reality. After $0.71 actual earnings per share reported by Chemical Financial Corporation for the previous quarter, Wall Street now forecasts 2.82% EPS growth.

About 33,026 shares traded. Chemical Financial Corporation (CHFC) has risen 21.76% since May 24, 2016 and is uptrending. It has outperformed by 5.06% the S&P500.

Chemical Bank holds 8.96% of its portfolio in Chemical Financial Corporation for 1.45 million shares. Marietta Investment Partners Llc owns 108,276 shares or 2.06% of their US portfolio. Moreover, Krasney Financial Llc has 1.7% invested in the company for 131,453 shares. The Alabama-based Mesirow Financial Investment Management has invested 1.51% in the stock. Snyder Capital Management L P, a California-based fund reported 442,744 shares.

Since January 1, 0001, it had 1 buying transaction, and 11 insider sales for $19.51 million activity.