YorkBridge Wealth Partners LLC Decreases Stock Position in Brookfield Asset Management Inc (NYSE:BAM)

YorkBridge Wealth Partners LLC lessened its stake in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,998 shares of the financial services provider’s stock after selling 337 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Brookfield Asset Management were worth $372,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Flinton Capital Management LLC increased its stake in Brookfield Asset Management by 147.7% in the second quarter. Flinton Capital Management LLC now owns 38,360 shares of the financial services provider’s stock worth $1,802,000 after purchasing an additional 22,876 shares during the period. Boenning & Scattergood Inc. increased its stake in shares of Brookfield Asset Management by 82.6% during the second quarter. Boenning & Scattergood Inc. now owns 27,396 shares of the financial services provider’s stock valued at $1,309,000 after buying an additional 12,395 shares during the period. Cobblestone Capital Advisors LLC NY increased its stake in shares of Brookfield Asset Management by 60.6% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 225,046 shares of the financial services provider’s stock valued at $10,753,000 after buying an additional 84,905 shares during the period. ETRADE Capital Management LLC increased its stake in shares of Brookfield Asset Management by 19.4% during the second quarter. ETRADE Capital Management LLC now owns 11,912 shares of the financial services provider’s stock valued at $569,000 after buying an additional 1,937 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Brookfield Asset Management by 33.7% during the second quarter. Parametric Portfolio Associates LLC now owns 522,339 shares of the financial services provider’s stock valued at $24,957,000 after buying an additional 131,587 shares during the period. Institutional investors own 57.83% of the company’s stock.

Several equities analysts have recently commented on the company. BMO Capital Markets raised their price target on Brookfield Asset Management from $55.00 to $59.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Citigroup raised their price target on Brookfield Asset Management from $56.00 to $62.50 and gave the company a “buy” rating in a research note on Friday, September 27th. ValuEngine lowered Brookfield Asset Management from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada raised their price target on Brookfield Asset Management from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Finally, Canaccord Genuity set a $62.00 price target on Brookfield Asset Management and gave the company a “buy” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. Brookfield Asset Management currently has a consensus rating of “Buy” and a consensus target price of $59.92.

Shares of NYSE BAM opened at $53.92 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.87 and a current ratio of 1.11. The company has a market cap of $55.89 billion, a PE ratio of 18.28 and a beta of 1.06. The business has a 50-day simple moving average of $52.82 and a two-hundred day simple moving average of $49.47. Brookfield Asset Management Inc has a fifty-two week low of $36.58 and a fifty-two week high of $54.47.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.25. The business had revenue of $16.92 billion during the quarter, compared to the consensus estimate of $14.30 billion. Brookfield Asset Management had a return on equity of 3.31% and a net margin of 4.86%. The company’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Thursday, August 29th.

Brookfield Asset Management Company Profile

Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.

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

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