Mawer Investment Management Ltd. lowered its position in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,044,263 shares of the financial services provider’s stock after selling 95,306 shares during the quarter. Brookfield Asset Management accounts for 3.3% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 4th largest holding. Mawer Investment Management Ltd.’s holdings in Brookfield Asset Management were worth $393,560,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Timber Hill LLC purchased a new position in Brookfield Asset Management during the 4th quarter worth $323,000. FDx Advisors Inc. raised its position in Brookfield Asset Management by 3.6% during the 4th quarter. FDx Advisors Inc. now owns 38,443 shares of the financial services provider’s stock worth $1,674,000 after buying an additional 1,336 shares during the last quarter. Bridges Investment Management Inc. purchased a new position in Brookfield Asset Management during the 4th quarter worth $657,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Brookfield Asset Management by 1.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 119,013 shares of the financial services provider’s stock valued at $5,180,000 after purchasing an additional 1,374 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its holdings in shares of Brookfield Asset Management by 26.0% in the 4th quarter. State of Wisconsin Investment Board now owns 973,728 shares of the financial services provider’s stock valued at $42,526,000 after purchasing an additional 201,000 shares in the last quarter. Institutional investors own 54.55% of the company’s stock.
Brookfield Asset Management Inc (NYSE BAM) opened at $40.28 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.94 and a debt-to-equity ratio of 0.91. Brookfield Asset Management Inc has a twelve month low of $35.30 and a twelve month high of $44.33. The firm has a market cap of $38,643.66, a PE ratio of 30.29 and a beta of 0.98.
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Thursday, February 15th. The financial services provider reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $1.13. Brookfield Asset Management had a net margin of 3.58% and a return on equity of 2.02%. The firm had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same period last year, the firm posted $0.23 EPS. The firm’s revenue for the quarter was up 88.4% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.49%. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 42.11%.
A number of equities analysts have recently issued reports on the stock. TheStreet upgraded shares of Brookfield Asset Management from a “c+” rating to a “b-” rating in a report on Thursday, December 28th. Royal Bank of Canada increased their price target on shares of Brookfield Asset Management from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Scotiabank increased their price target on shares of Brookfield Asset Management from $44.75 to $45.50 and gave the company an “outperform” rating in a report on Friday, November 10th. Citigroup cut their price target on shares of 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, TD Securities increased their price target on shares of Brookfield Asset Management from $52.00 to $54.00 and gave the company a “buy” rating in a report on Friday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Brookfield Asset Management currently has an average rating of “Buy” and a consensus target price of $48.42.
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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.
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