GSA Capital Partners LLP Increases Stake in Brookfield Asset Management Inc (BAM)

GSA Capital Partners LLP lifted its stake in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 84.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,013 shares of the financial services provider’s stock after purchasing an additional 14,243 shares during the period. GSA Capital Partners LLP’s holdings in Brookfield Asset Management were worth $1,381,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Advisor Partners LLC raised its stake in shares of Brookfield Asset Management by 20.4% during the third quarter. Advisor Partners LLC now owns 7,588 shares of the financial services provider’s stock worth $338,000 after buying an additional 1,287 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Brookfield Asset Management by 121.6% during the second quarter. Valeo Financial Advisors LLC now owns 2,555 shares of the financial services provider’s stock worth $110,000 after buying an additional 1,402 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Brookfield Asset Management by 18.5% during the second quarter. Tower Research Capital LLC TRC now owns 10,169 shares of the financial services provider’s stock worth $412,000 after buying an additional 1,588 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Brookfield Asset Management by 1.7% during the third quarter. Brown Advisory Inc. now owns 93,078 shares of the financial services provider’s stock worth $4,145,000 after buying an additional 1,598 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of Brookfield Asset Management by 3.3% during the second quarter. Comerica Bank now owns 56,379 shares of the financial services provider’s stock worth $2,366,000 after buying an additional 1,783 shares during the last quarter. Institutional investors own 60.75% of the company’s stock.

Shares of NYSE:BAM opened at $41.71 on Friday. Brookfield Asset Management Inc has a 52 week low of $37.22 and a 52 week high of $45.04. The company has a quick ratio of 1.02, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $41.89 billion, a price-to-earnings ratio of 16.28 and a beta of 1.07.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its earnings results on Thursday, November 8th. The financial services provider reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.21). Brookfield Asset Management had a net margin of 5.10% and a return on equity of 3.52%. The firm had revenue of $14.86 billion during the quarter. During the same period in the previous year, the firm earned $0.79 earnings per share. The business’s quarterly revenue was up 21.0% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, November 30th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Thursday, November 29th.

BAM has been the subject of several recent analyst reports. Citigroup initiated coverage on shares of Brookfield Asset Management in a research note on Tuesday, November 13th. They issued a “buy” rating and a $49.50 target price for the company. TD Securities upped their target price on shares of Brookfield Asset Management from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, November 9th. Credit Suisse Group raised shares of Brookfield Asset Management from a “neutral” rating to an “outperform” rating and upped their target price for the company from $44.00 to $50.00 in a research note on Friday, November 9th. Scotiabank set a $53.00 target price on shares of Brookfield Asset Management and gave the company a “buy” rating in a research note on Thursday, October 18th. Finally, BMO Capital Markets initiated coverage on shares of Brookfield Asset Management in a research note on Thursday, September 20th. They issued an “outperform” rating and a $54.00 target price for the company. Six analysts have rated the stock with a buy rating, Brookfield Asset Management has a consensus rating of “Buy” and a consensus target price of $51.75.

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Brookfield Asset Management Company Profile

Brookfield Asset Management Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. Its property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services.

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

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