Brookfield Asset Management Inc (BAM) Shares Sold by LGT Capital Partners LTD.

LGT Capital Partners LTD. decreased its stake in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 488,680 shares of the financial services provider’s stock after selling 8,500 shares during the quarter. Brookfield Asset Management makes up 2.0% of LGT Capital Partners LTD.’s holdings, making the stock its 19th biggest position. LGT Capital Partners LTD. owned about 0.05% of Brookfield Asset Management worth $21,334,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. QS Investors LLC grew its position in shares of Brookfield Asset Management by 69.8% in the second quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 1,150 shares during the period. Veritas Investment Management UK Ltd acquired a new stake in shares of Brookfield Asset Management in the third quarter valued at about $149,000. Atlantic Trust LLC acquired a new stake in shares of Brookfield Asset Management in the second quarter valued at about $191,000. Cortland Associates Inc. MO acquired a new stake in shares of Brookfield Asset Management in the third quarter valued at about $209,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Brookfield Asset Management in the third quarter valued at about $244,000. Institutional investors and hedge funds own 54.44% of the company’s stock.

BAM has been the topic of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating on shares of Brookfield Asset Management in a research report on Thursday, September 28th. ValuEngine lowered shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Canaccord Genuity restated a “buy” rating and set a $47.00 price target on shares of Brookfield Asset Management in a research report on Monday, October 2nd. Scotiabank boosted their price target on shares of Brookfield Asset Management from $42.75 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 11th. Finally, Citigroup lowered their price target on shares of Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating on the stock in a research report on Friday, November 10th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $47.00.

Brookfield Asset Management Inc (BAM) traded up $0.20 on Thursday, reaching $42.37. 699,618 shares of the company were exchanged, compared to its average volume of 1,071,229. The firm has a market capitalization of $41,450.00, a price-to-earnings ratio of 92.11 and a beta of 1.05. Brookfield Asset Management Inc has a 52-week low of $32.98 and a 52-week high of $44.33. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 0.92.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, November 30th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, November 29th. 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 yield of 1.70%. Brookfield Asset Management’s payout ratio is presently 121.74%.

COPYRIGHT VIOLATION WARNING: “Brookfield Asset Management Inc (BAM) Shares Sold by LGT Capital Partners LTD.” was first reported by Week Herald and is the property of of Week Herald. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://weekherald.com/2018/01/11/brookfield-asset-management-inc-bam-shares-sold-by-lgt-capital-partners-ltd.html.

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.

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

Receive News & Ratings for Brookfield Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply