AMP Capital Investors Ltd lowered its holdings in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,402 shares of the financial services provider’s stock after selling 19,975 shares during the period. AMP Capital Investors Ltd’s holdings in Brookfield Asset Management were worth $10,368,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Portland Investment Counsel Inc. bought a new stake in Brookfield Asset Management during the 4th quarter valued at $747,000. Osterweis Capital Management Inc. bought a new stake in Brookfield Asset Management during the 4th quarter valued at $31,549,000. Renaissance Technologies LLC bought a new stake in shares of Brookfield Asset Management in the 4th quarter worth $1,428,000. Moors & Cabot Inc. bought a new stake in shares of Brookfield Asset Management in the 4th quarter worth $209,000. Finally, Scotia Capital Inc. raised its stake in shares of Brookfield Asset Management by 5.1% in the 4th quarter. Scotia Capital Inc. now owns 1,839,242 shares of the financial services provider’s stock worth $80,052,000 after buying an additional 88,552 shares in the last quarter. 55.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Brookfield Asset Management Inc (BAM) opened at $39.82 on Thursday. Brookfield Asset Management Inc has a 12 month low of $35.30 and a 12 month high of $44.33. The company has a quick ratio of 0.94, a current ratio of 1.19 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $39,460.00, a price-to-earnings ratio of 31.35 and a beta of 1.02.
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $1.13. Brookfield Asset Management had a return on equity of 2.02% and a net margin of 3.58%. The company had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter in the previous year, the business earned $0.23 EPS. The company’s quarterly revenue was up 88.4% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, February 28th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Tuesday, February 27th. Brookfield Asset Management’s payout ratio is 47.24%.
BAM has been the topic of a number of research reports. Scotiabank set a $49.00 price objective on Brookfield Asset Management and gave the stock a “buy” rating in a research note on Saturday, February 17th. TheStreet raised Brookfield Asset Management from a “c+” rating to a “b-” rating in a research note on Thursday, December 28th. TD Securities boosted their price objective on Brookfield Asset Management from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Royal Bank of Canada boosted their price objective on Brookfield Asset Management from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Brookfield Asset Management currently has an average rating of “Buy” and an average target price of $48.33.
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Brookfield Asset Management Profile
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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