Brookfield Asset Management Inc (BAM) Shares Bought by Visionary Asset Management Inc.

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Visionary Asset Management Inc. lifted its stake in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,663 shares of the financial services provider’s stock after purchasing an additional 449 shares during the quarter. Visionary Asset Management Inc.’s holdings in Brookfield Asset Management were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. William Blair Investment Management LLC increased its holdings in Brookfield Asset Management by 72.5% in the third quarter. William Blair Investment Management LLC now owns 5,417,460 shares of the financial services provider’s stock worth $241,239,000 after buying an additional 2,276,304 shares during the last quarter. CI Investments Inc. increased its holdings in Brookfield Asset Management by 36.1% in the third quarter. CI Investments Inc. now owns 7,818,294 shares of the financial services provider’s stock worth $348,149,000 after buying an additional 2,073,678 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Brookfield Asset Management by 364.1% in the third quarter. Hsbc Holdings PLC now owns 1,267,360 shares of the financial services provider’s stock worth $56,486,000 after buying an additional 994,285 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Brookfield Asset Management by 233.9% in the third quarter. JPMorgan Chase & Co. now owns 1,273,404 shares of the financial services provider’s stock worth $56,703,000 after buying an additional 891,996 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in Brookfield Asset Management by 8.2% in the third quarter. Neuberger Berman Group LLC now owns 8,562,283 shares of the financial services provider’s stock worth $381,278,000 after buying an additional 652,079 shares during the last quarter. 60.73% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on the company. Citigroup assumed coverage on Brookfield Asset Management in a report on Tuesday, November 13th. They issued a “buy” rating and a $49.50 price objective on the stock. TD Securities increased their price objective on Brookfield Asset Management from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, November 9th. Credit Suisse Group upgraded Brookfield Asset Management from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $44.00 to $50.00 in a report on Friday, November 9th. BMO Capital Markets began coverage on Brookfield Asset Management in a report on Thursday, September 20th. They set an “outperform” rating and a $54.00 price target on the stock. Finally, Scotiabank set a $53.00 price target on Brookfield Asset Management and gave the company a “buy” rating in a report on Thursday, October 18th. Six analysts have rated the stock with a buy rating, Brookfield Asset Management currently has an average rating of “Buy” and an average target price of $51.75.

Shares of Brookfield Asset Management stock traded down $0.01 during midday trading on Friday, hitting $40.68. The company had a trading volume of 87,166 shares, compared to its average volume of 1,342,215. The company has a market cap of $40.53 billion, a price-to-earnings ratio of 15.75 and a beta of 1.13. The company has a current ratio of 1.26, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Brookfield Asset Management Inc has a 1-year low of $36.58 and a 1-year high of $45.04.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings data on Thursday, November 8th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.21). The company had revenue of $14.86 billion during the quarter. Brookfield Asset Management had a return on equity of 3.52% and a net margin of 5.10%. The company’s revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 EPS.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Friday, November 30th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.47%.

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Brookfield Asset Management Profile

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

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