Brookfield Asset Management Inc. (NYSE:BAM) Position Lowered by America First Investment Advisors LLC


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America First Investment Advisors LLC reduced its stake in shares of Brookfield Asset Management Inc. (NYSE:BAM) (TSE:BAM.A) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 401,747 shares of the financial services provider’s stock after selling 12,008 shares during the quarter. Brookfield Asset Management accounts for approximately 5.4% of America First Investment Advisors LLC’s holdings, making the stock its 4th largest holding. America First Investment Advisors LLC’s holdings in Brookfield Asset Management were worth $17,878,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. FIL Ltd raised its holdings in shares of Brookfield Asset Management by 13.9% during the 4th quarter. FIL Ltd now owns 31,841,182 shares of the financial services provider’s stock valued at $1,316,272,000 after buying an additional 3,891,999 shares during the period. Norges Bank purchased a new stake in shares of Brookfield Asset Management during the 4th quarter valued at about $565,086,000. CIBC World Markets Inc. raised its holdings in shares of Brookfield Asset Management by 1.1% during the 4th quarter. CIBC World Markets Inc. now owns 12,159,845 shares of the financial services provider’s stock valued at $501,837,000 after buying an additional 134,178 shares during the period. Toronto Dominion Bank raised its holdings in shares of Brookfield Asset Management by 1.9% during the 4th quarter. Toronto Dominion Bank now owns 10,576,415 shares of the financial services provider’s stock valued at $436,069,000 after buying an additional 199,988 shares during the period. Finally, Fiera Capital Corp raised its holdings in shares of Brookfield Asset Management by 3.9% during the 4th quarter. Fiera Capital Corp now owns 7,151,624 shares of the financial services provider’s stock valued at $294,735,000 after buying an additional 271,300 shares during the period. Institutional investors and hedge funds own 60.33% of the company’s stock.

NYSE:BAM traded down $0.87 during midday trading on Tuesday, reaching $44.86. 27,345 shares of the company traded hands, compared to its average volume of 2,642,085. Brookfield Asset Management Inc. has a twelve month low of $29.09 and a twelve month high of $46.69. The firm has a market capitalization of $70.72 billion, a price-to-earnings ratio of -1,224.65 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.03 and a quick ratio of 0.85. The company has a fifty day moving average price of $45.27 and a 200 day moving average price of $40.78.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Wednesday, February 10th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.37. Brookfield Asset Management had a return on equity of 0.06% and a net margin of 0.11%. The business had revenue of $17.09 billion during the quarter. During the same quarter in the prior year, the firm earned $0.49 EPS. On average, equities research analysts forecast that Brookfield Asset Management Inc. will post 1.87 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Friday, February 26th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, February 25th. This represents a $0.52 annualized dividend and a yield of 1.16%. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.12. Brookfield Asset Management’s payout ratio is presently 20.81%.

Several brokerages recently commented on BAM. TD Securities raised their target price on Brookfield Asset Management from $57.00 to $63.00 and gave the company an “action list buy” rating in a report on Friday, February 12th. Credit Suisse Group lowered Brookfield Asset Management from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $52.00 to $54.00 in a research note on Wednesday, March 31st. Deutsche Bank Aktiengesellschaft raised their price objective on Brookfield Asset Management from $43.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, April 9th. Royal Bank of Canada raised their price objective on Brookfield Asset Management from $52.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, February 12th. Finally, JPMorgan Chase & Co. lowered their price objective on Brookfield Asset Management from $57.00 to $55.00 and set an “overweight” rating for the company in a research note on Monday, March 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Brookfield Asset Management has a consensus rating of “Buy” and an average price target of $47.69.

Brookfield Asset Management Company Profile

Brookfield Asset Management is a leading global alternative asset manager and one of the largest investors in real assets. Our investment focus is on real estate, renewable power, infrastructure and private equity assets. Our objective is to generate attractive long-term risk-adjusted returns for the benefit of our clients and shareholders.

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

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