Oppenheimer & Co. Inc. decreased its stake in Brookfield Asset Management Inc. (NYSE:BAM) (TSE:BAM.A) by 5.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,273 shares of the company’s stock after selling 8,129 shares during the period. Oppenheimer & Co. Inc.’s holdings in Brookfield Asset Management were worth $4,724,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BAM. NEXT Financial Group Inc purchased a new position in Brookfield Asset Management during the second quarter valued at $252,000. LGT Capital Partners LTD. increased its position in Brookfield Asset Management by 0.6% in the second quarter. LGT Capital Partners LTD. now owns 446,720 shares of the company’s stock valued at $14,703,000 after buying an additional 2,810 shares during the last quarter. Gulf International Bank UK Ltd increased its position in Brookfield Asset Management by 1.0% in the second quarter. Gulf International Bank UK Ltd now owns 263,277 shares of the company’s stock valued at $8,669,000 after buying an additional 2,600 shares during the last quarter. Creative Planning increased its position in Brookfield Asset Management by 16.3% in the second quarter. Creative Planning now owns 13,636 shares of the company’s stock valued at $451,000 after buying an additional 1,911 shares during the last quarter. Finally, Fisher Asset Management LLC purchased a new position in Brookfield Asset Management during the second quarter valued at $207,000. Institutional investors own 53.40% of the company’s stock.

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

Brookfield Asset Management Inc. (NYSE:BAM) traded down 0.18% during mid-day trading on Tuesday, hitting $33.63. The company’s stock had a trading volume of 964,680 shares. The company’s 50 day moving average is $34.63 and its 200-day moving average is $34.34. Brookfield Asset Management Inc. has a 52-week low of $25.72 and a 52-week high of $36.25. The stock has a market cap of $32.26 billion, a P/E ratio of 16.25 and a beta of 1.05.

Brookfield Asset Management (NYSE:BAM) last posted its quarterly earnings data on Friday, November 11th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.65. The company earned $6.29 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Brookfield Asset Management had a return on equity of 3.66% and a net margin of 9.37%. Brookfield Asset Management’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, equities analysts predict that Brookfield Asset Management Inc. will post $0.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 31st. Investors of record on Wednesday, November 30th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Monday, November 28th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 24.88%.

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Several research analysts have recently weighed in on BAM shares. Canaccord Genuity reiterated a “buy” rating and set a $38.00 price target on shares of Brookfield Asset Management in a research note on Friday, August 12th. TD Securities restated a “buy” rating and issued a $46.00 target price (up previously from $44.00) on shares of Brookfield Asset Management in a research note on Tuesday, August 16th. Credit Suisse Group AG set a $36.00 target price on Brookfield Asset Management and gave the stock a “hold” rating in a research note on Monday, August 22nd. TheStreet downgraded Brookfield Asset Management from a “buy” rating to a “hold” rating in a research note on Monday, September 19th. Finally, RBC Capital Markets upgraded Brookfield Asset Management from an “outperform” rating to a “top pick” rating and set a $41.00 target price for the company in a research note on Wednesday, September 21st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $40.44.

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.

5 Day Chart for NYSE:BAM

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