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

Stifel Financial Corp raised its stake in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 11.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 424,503 shares of the financial services provider’s stock after purchasing 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 and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in BAM. QS Investors LLC lifted its holdings in shares of Brookfield Asset Management by 69.8% in the 2nd quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 1,150 shares during the last quarter. Veritas Investment Management UK Ltd bought a new stake in shares of Brookfield Asset Management in the 3rd quarter worth approximately $149,000. Atlantic Trust LLC bought a new stake in shares of Brookfield Asset Management in the 2nd quarter worth approximately $191,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Brookfield Asset Management by 112.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,176 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 2,738 shares during the last quarter. Finally, HM Payson & Co. bought a new stake in shares of Brookfield Asset Management in the 2nd quarter worth approximately $203,000. Institutional investors and hedge funds own 54.61% of the company’s stock.

Brookfield Asset Management Inc (NYSE:BAM) opened at $42.01 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. Brookfield Asset Management Inc has a one year low of $32.65 and a one year high of $43.15. The company has a market cap of $40,591.20, a price-to-earnings ratio of 94.02 and a beta of 1.04.

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

A number of brokerages have recently weighed in on BAM. Scotiabank boosted their price objective on shares of Brookfield Asset Management from $41.75 to $42.50 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. 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 report on Friday, August 11th. Canaccord Genuity restated a “buy” rating and issued a $42.00 price objective on shares of Brookfield Asset Management in a report on Friday, August 11th. ValuEngine lowered shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Finally, BidaskClub upgraded shares of Brookfield Asset Management from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Brookfield Asset Management currently has an average rating of “Buy” and an average target price of $47.00.

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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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