Quantitative Investment Management LLC reduced its stake in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 20.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,200 shares of the financial services provider’s stock after selling 32,800 shares during the quarter. Quantitative Investment Management LLC’s holdings in Brookfield Asset Management were worth $5,451,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in BAM. First Personal Financial Services acquired a new position in Brookfield Asset Management during the 4th quarter valued at $107,000. Calton & Associates Inc. acquired a new position in Brookfield Asset Management during the 4th quarter valued at $118,000. Moors & Cabot Inc. acquired a new position in Brookfield Asset Management during the 4th quarter valued at $209,000. Palladium Partners LLC acquired a new position in Brookfield Asset Management during the 4th quarter valued at $224,000. Finally, Arthur M. Cohen & Associates LLC acquired a new position in Brookfield Asset Management during the 4th quarter valued at $243,000. Hedge funds and other institutional investors own 55.72% of the company’s stock.
Several equities analysts recently commented on the stock. Scotiabank upped their target price on shares of Brookfield Asset Management from $45.50 to $48.50 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. TD Securities upped their target price on shares of Brookfield Asset Management from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Royal Bank of Canada upped their target price on shares of Brookfield Asset Management from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, TheStreet cut shares of Brookfield Asset Management from a “b-” rating to a “c+” rating in a research note on Thursday, January 25th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Brookfield Asset Management has an average rating of “Buy” and a consensus price target of $48.33.
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $1.13. The firm had revenue of $13.07 billion for the quarter, compared to analyst estimates of $5.31 billion. Brookfield Asset Management had a net margin of 3.58% and a return on equity of 2.02%. The business’s revenue for the quarter was up 88.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, February 28th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.52%. The ex-dividend date is Tuesday, February 27th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 45.11%.
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Brookfield Asset Management 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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