Brookfield Asset Management Inc (NYSE:BAM) Shares Bought by Stifel Financial Corp

Stifel Financial Corp lifted its stake in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 11.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 424,503 shares of the financial services provider’s stock after buying an additional 42,059 shares during the quarter. Stifel Financial Corp’s holdings in Brookfield Asset Management were worth $17,534,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. QS Investors LLC grew its position in shares of Brookfield Asset Management by 69.8% during the second quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 1,150 shares in the last quarter. Veritas Investment Management UK Ltd purchased a new stake in shares of Brookfield Asset Management during the third quarter worth about $149,000. Atlantic Trust LLC purchased a new stake in shares of Brookfield Asset Management during the second quarter worth about $191,000. Bronfman E.L. Rothschild L.P. grew its holdings in Brookfield Asset Management by 112.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,176 shares of the financial services provider’s stock valued at $203,000 after buying an additional 2,738 shares in the last quarter. Finally, HM Payson & Co. purchased a new position in Brookfield Asset Management during the 2nd quarter valued at approximately $203,000. 54.44% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Brookfield Asset Management Inc (NYSE:BAM) traded down $0.07 during mid-day trading on Friday, hitting $43.54. The company had a trading volume of 590,718 shares, compared to its average volume of 766,202. Brookfield Asset Management Inc has a 52-week low of $32.83 and a 52-week high of $44.33. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 1.01. The company has a market cap of $41,838.39, a price-to-earnings ratio of 96.76 and a beta of 1.04.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, November 30th were paid a dividend of $0.18 per share. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Wednesday, November 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 124.45%.

Several research firms have weighed in on BAM. TheStreet upgraded Brookfield Asset Management from a “c+” rating to a “b-” rating in a report on Thursday. Scotiabank raised their price target on Brookfield Asset Management from $42.75 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 11th. Royal Bank of Canada raised their price target on Brookfield Asset Management from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Citigroup cut their price target on Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating for the company in a report on Friday, November 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Brookfield Asset Management in a research note on Monday, October 2nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $47.00.

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Brookfield Asset Management Company 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.

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

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