Brookfield Asset Management (NYSE:BAM) Stock Rating Upgraded by TheStreet

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a note issued to investors on Thursday, December 28th.

A number of other analysts also recently issued reports on BAM. ValuEngine downgraded shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Royal Bank of Canada restated an “outperform” rating on shares of Brookfield Asset Management in a report on Thursday, September 28th. Canaccord Genuity reiterated a “buy” rating and issued a $47.00 target price on shares of Brookfield Asset Management in a report on Monday, October 2nd. Scotiabank lifted their target price on shares of Brookfield Asset Management from $42.75 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 11th. Finally, Citigroup dropped their price target on shares of Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating for the company in a research note on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $47.00.

Brookfield Asset Management (NYSE:BAM) opened at $42.75 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. Brookfield Asset Management has a 12 month low of $33.25 and a 12 month high of $44.33. The firm has a market cap of $42,280.00, a P/E ratio of 92.93 and a beta of 1.05.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in shares of Brookfield Asset Management by 0.7% in the third quarter. Principal Financial Group Inc. now owns 25,353,413 shares of the financial services provider’s stock valued at $1,047,092,000 after buying an additional 172,950 shares during the last quarter. FMR LLC increased its stake in shares of Brookfield Asset Management by 18.9% during the second quarter. FMR LLC now owns 25,066,960 shares of the financial services provider’s stock worth $983,697,000 after acquiring an additional 3,980,816 shares during the period. CIBC Asset Management Inc increased its stake in shares of Brookfield Asset Management by 10.1% during the third quarter. CIBC Asset Management Inc now owns 10,401,769 shares of the financial services provider’s stock worth $428,356,000 after acquiring an additional 956,713 shares during the period. Mawer Investment Management Ltd. increased its stake in shares of Brookfield Asset Management by 0.3% during the third quarter. Mawer Investment Management Ltd. now owns 9,139,569 shares of the financial services provider’s stock worth $377,468,000 after acquiring an additional 24,053 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in shares of Brookfield Asset Management by 8.6% during the third quarter. Great West Life Assurance Co. Can now owns 8,919,066 shares of the financial services provider’s stock worth $366,421,000 after acquiring an additional 707,574 shares during the period. 54.44% of the stock is owned by hedge funds and other institutional investors.

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About Brookfield Asset Management

Brookfield Asset Management Inc is an alternative asset manager. The Company operates in eight segments. The Asset Management segment manages its listed partnerships, private funds and public markets on behalf of its clients. The Property segment includes the ownership, operation and development of office, retail and other properties.

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