Brookfield Asset Management Inc. (NYSE:BAM) Shares Purchased by Atria Investments LLC

Atria Investments LLC increased its holdings in shares of Brookfield Asset Management Inc. (NYSE:BAM) (TSE:BAM.A) by 3.5% during the second quarter, HoldingsChannel.com reports. The fund owned 38,218 shares of the financial services provider’s stock after buying an additional 1,294 shares during the period. Atria Investments LLC’s holdings in Brookfield Asset Management were worth $1,948,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BAM. Capital International Investors acquired a new position in Brookfield Asset Management during the first quarter worth about $336,474,000. EdgePoint Investment Group Inc. boosted its position in Brookfield Asset Management by 43.9% during the first quarter. EdgePoint Investment Group Inc. now owns 12,694,701 shares of the financial services provider’s stock worth $563,246,000 after acquiring an additional 3,870,544 shares during the last quarter. QV Investors Inc. acquired a new position in Brookfield Asset Management during the second quarter worth about $85,821,000. JPMorgan Chase & Co. raised its stake in Brookfield Asset Management by 37.1% during the first quarter. JPMorgan Chase & Co. now owns 5,663,076 shares of the financial services provider’s stock worth $252,008,000 after purchasing an additional 1,530,996 shares during the period. Finally, Morgan Stanley raised its stake in Brookfield Asset Management by 14.8% during the first quarter. Morgan Stanley now owns 7,232,750 shares of the financial services provider’s stock worth $321,857,000 after purchasing an additional 932,094 shares during the period. Hedge funds and other institutional investors own 61.37% of the company’s stock.

NYSE BAM opened at $53.96 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.18. Brookfield Asset Management Inc. has a 52 week low of $29.09 and a 52 week high of $57.83. The stock has a market capitalization of $84.62 billion, a PE ratio of 30.66 and a beta of 1.25. The firm has a 50 day moving average of $54.53 and a two-hundred day moving average of $49.70.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings results on Wednesday, August 11th. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.26). Brookfield Asset Management had a return on equity of 2.43% and a net margin of 4.21%. The firm had revenue of $18.29 billion for the quarter. During the same period in the previous year, the business earned ($0.43) EPS. On average, equities research analysts expect that Brookfield Asset Management Inc. will post 2.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 29th. Shareholders of record on Tuesday, August 31st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.96%. The ex-dividend date is Monday, August 30th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently -433.33%.

A number of brokerages have commented on BAM. Citigroup began coverage on shares of Brookfield Asset Management in a research note on Thursday, August 12th. They set a “buy” rating and a $68.00 target price on the stock. Scotiabank boosted their price target on shares of Brookfield Asset Management from $62.50 to $63.00 and gave the company an “outperform” rating in a research note on Monday, August 16th. BMO Capital Markets boosted their price target on shares of Brookfield Asset Management from C$57.00 to C$61.00 and gave the company an “outperform” rating in a research note on Friday, August 13th. Royal Bank of Canada boosted their price target on shares of Brookfield Asset Management from $59.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, August 13th. Finally, Zacks Investment Research downgraded shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, August 13th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Brookfield Asset Management currently has an average rating of “Buy” and an average price target of $56.00.

Brookfield Asset Management Profile

Brookfield Asset Management, Inc engages in the management of public and private investment products and services for institutional and retail clients. It operates through the following segments: Asset Management, Real Estate, Renewable Power, Infrastructure, Private Equity, Residential Development, and Corporate Activities.

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

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