Brookfield Asset Management Inc (NYSE:BAM) Stock Holdings Raised by Renaissance Technologies LLC

Share on StockTwits

Renaissance Technologies LLC raised its stake in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 783.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 792,375 shares of the financial services provider’s stock after purchasing an additional 702,675 shares during the period. Renaissance Technologies LLC owned 0.08% of Brookfield Asset Management worth $37,906,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BAM. Dimensional Fund Advisors LP increased its position in shares of Brookfield Asset Management by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 274,245 shares of the financial services provider’s stock worth $10,517,000 after purchasing an additional 7,951 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Brookfield Asset Management by 15.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 31,048 shares of the financial services provider’s stock worth $1,448,000 after purchasing an additional 4,206 shares during the last quarter. Stephens Inc. AR increased its position in shares of Brookfield Asset Management by 49.0% in the 1st quarter. Stephens Inc. AR now owns 11,366 shares of the financial services provider’s stock worth $530,000 after purchasing an additional 3,740 shares during the last quarter. First Allied Advisory Services Inc. bought a new stake in shares of Brookfield Asset Management in the 1st quarter worth about $239,000. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Brookfield Asset Management by 1.5% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 145,142 shares of the financial services provider’s stock worth $9,037,000 after purchasing an additional 2,100 shares during the last quarter. 60.80% of the stock is owned by institutional investors.

In other news, Director Brookfield Asset Management In sold 1,900,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $23.75, for a total value of $45,125,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

BAM has been the subject of several research analyst reports. Royal Bank of Canada boosted their target price on shares of Brookfield Asset Management from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. TD Securities boosted their price objective on shares of Brookfield Asset Management from $63.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Citigroup boosted their price objective on shares of Brookfield Asset Management from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Finally, BMO Capital Markets boosted their price objective on shares of Brookfield Asset Management from $55.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Six analysts have rated the stock with a buy rating, Brookfield Asset Management presently has an average rating of “Buy” and an average target price of $56.50.

Shares of NYSE:BAM traded up $0.98 during trading on Thursday, reaching $53.80. 147,040 shares of the company’s stock traded hands, compared to its average volume of 1,404,071. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.11 and a quick ratio of 0.87. Brookfield Asset Management Inc has a 12 month low of $36.58 and a 12 month high of $53.65. The company has a 50 day moving average of $50.77 and a 200-day moving average of $48.10. The stock has a market capitalization of $52.70 billion, a P/E ratio of 18.17 and a beta of 1.08.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.25. The business had revenue of $16.92 billion during the quarter, compared to the consensus estimate of $14.30 billion. Brookfield Asset Management had a net margin of 4.86% and a return on equity of 3.31%. The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 EPS.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, August 29th.

Brookfield Asset Management Company Profile

Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.

See Also: Earnings Per Share (EPS)

Want to see what other hedge funds are holding BAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A).

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.