Sather Financial Group Inc increased its position in shares of Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) by 70.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 480,402 shares of the financial services provider’s stock after buying an additional 199,103 shares during the period. Brookfield Asset Management accounts for approximately 4.4% of Sather Financial Group Inc’s holdings, making the stock its 5th biggest position. Sather Financial Group Inc’s holdings in Brookfield Asset Management were worth $18,736,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Highstreet Asset Management Inc. boosted its holdings in shares of Brookfield Asset Management by 667.1% during the 4th quarter. Highstreet Asset Management Inc. now owns 312,600 shares of the financial services provider’s stock worth $13,608,000 after buying an additional 271,851 shares during the period. Heritage Wealth Advisors boosted its holdings in Brookfield Asset Management by 141.0% in the 4th quarter. Heritage Wealth Advisors now owns 17,204 shares of the financial services provider’s stock valued at $750,000 after purchasing an additional 10,065 shares during the period. WoodTrust Financial Corp bought a new stake in Brookfield Asset Management in the 4th quarter valued at $1,985,000. River Road Asset Management LLC boosted its holdings in Brookfield Asset Management by 557.1% in the 4th quarter. River Road Asset Management LLC now owns 181,939 shares of the financial services provider’s stock valued at $7,922,000 after purchasing an additional 154,252 shares during the period. Finally, Timber Hill LLC bought a new stake in Brookfield Asset Management in the 4th quarter valued at $323,000. 60.77% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on the stock. TD Securities increased their price target on shares of Brookfield Asset Management from $54.00 to $55.00 and gave the company a “buy” rating in a report on Monday, May 14th. Scotiabank increased their price target on shares of Brookfield Asset Management from $45.50 to $48.50 and gave the company an “outperform” rating in a report on Tuesday, February 20th. TheStreet downgraded shares of Brookfield Asset Management from a “b-” rating to a “c+” rating in a report on Thursday, January 25th. Finally, Royal Bank of Canada increased their price target on shares of Brookfield Asset Management from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Brookfield Asset Management currently has a consensus rating of “Buy” and a consensus price target of $48.75.
Brookfield Asset Management opened at $40.37 on Monday, Marketbeat reports. The stock has a market cap of $38.64 billion, a PE ratio of 17.94 and a beta of 1.02. Brookfield Asset Management has a 52 week low of $36.92 and a 52 week high of $44.33. The company has a quick ratio of 0.93, a current ratio of 1.19 and a debt-to-equity ratio of 0.96.
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Thursday, May 10th. The financial services provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $1.00. The company had revenue of $12.63 billion during the quarter. Brookfield Asset Management had a net margin of 4.97% and a return on equity of 3.18%. Brookfield Asset Management’s revenue was up 110.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, May 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, May 30th.
About Brookfield Asset Management
Brookfield Asset Management Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. Its property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services.
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