Paloma Partners Management Co grew its position in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 192.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 57,500 shares of the financial services provider’s stock after buying an additional 37,823 shares during the period. Paloma Partners Management Co’s holdings in Brookfield Asset Management were worth $2,503,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Personal Financial Services bought a new position in shares of Brookfield Asset Management in the 4th quarter worth $107,000. Calton & Associates Inc. bought a new position in shares of Brookfield Asset Management in the 4th quarter worth $118,000. Moors & Cabot Inc. bought a new position in shares of Brookfield Asset Management in the 4th quarter worth $209,000. Palladium Partners LLC bought a new position in shares of Brookfield Asset Management in the 4th quarter worth $224,000. Finally, Arthur M. Cohen & Associates LLC bought a new position in shares of Brookfield Asset Management in the 4th quarter worth $243,000. 55.72% of the stock is owned by institutional investors.
Brookfield Asset Management Inc (BAM) opened at $39.48 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.94 and a current ratio of 1.19. The firm has a market capitalization of $38,336.66, a PE ratio of 29.68 and a beta of 1.02. Brookfield Asset Management Inc has a twelve month low of $35.30 and a twelve month high of $44.33.
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 1.52%. Brookfield Asset Management’s dividend payout ratio is presently 45.11%.
BAM has been the topic of several recent research reports. TheStreet lowered Brookfield Asset Management from a “b” rating to a “c+” rating in a research report on Thursday, November 16th. Scotiabank raised their price target on Brookfield Asset Management from $45.50 to $48.50 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. TD Securities raised their price target on Brookfield Asset Management from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Royal Bank of Canada raised their price target on Brookfield Asset Management from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Brookfield Asset Management presently has an average rating of “Buy” and a consensus price target of $48.33.
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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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