Brookfield Asset Management Inc (BAM) is Third Avenue Management LLC’s 2nd Largest Position

Third Avenue Management LLC boosted its position in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,300,707 shares of the financial services provider’s stock after purchasing an additional 8,899 shares during the period. Brookfield Asset Management makes up 8.0% of Third Avenue Management LLC’s holdings, making the stock its 2nd biggest holding. Third Avenue Management LLC owned 0.45% of Brookfield Asset Management worth $177,620,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. raised its stake in shares of Brookfield Asset Management by 3.2% in the 1st quarter. Ameriprise Financial Inc. now owns 22,198 shares of the financial services provider’s stock valued at $810,000 after acquiring an additional 689 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Brookfield Asset Management by 13.7% in the first quarter. Alliancebernstein L.P. now owns 85,856 shares of the financial services provider’s stock valued at $3,130,000 after purchasing an additional 10,378 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Brookfield Asset Management by 18.7% in the first quarter. Dimensional Fund Advisors LP now owns 15,924 shares of the financial services provider’s stock valued at $581,000 after purchasing an additional 2,507 shares in the last quarter. KCG Holdings Inc. grew its holdings in shares of Brookfield Asset Management by 10.9% in the first quarter. KCG Holdings Inc. now owns 19,354 shares of the financial services provider’s stock valued at $705,000 after purchasing an additional 1,905 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Brookfield Asset Management in the first quarter valued at approximately $800,000. 52.06% of the stock is currently owned by institutional investors.

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Several research firms have commented on BAM. Royal Bank Of Canada boosted their price target on shares of Brookfield Asset Management from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. TD Securities boosted their price objective on shares of Brookfield Asset Management from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. Scotiabank upped their price target on shares of Brookfield Asset Management from $41.75 to $42.50 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Citigroup Inc. upped their price target on shares of Brookfield Asset Management from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $42.00 price target on shares of Brookfield Asset Management in a research report on Friday, August 11th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $47.00.

Shares of Brookfield Asset Management Inc (BAM) opened at $42.21 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 1.01. Brookfield Asset Management Inc has a 1 year low of $32.04 and a 1 year high of $43.15. The stock has a market cap of $41,544.93, a P/E ratio of 93.38 and a beta of 1.05.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, November 29th. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.14. Brookfield Asset Management’s payout ratio is currently 124.45%.

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.

Institutional Ownership by Quarter for Brookfield Asset Management (NYSE:BAM)

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