AXA increased its position in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 4.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 705,310 shares of the financial services provider’s stock after buying an additional 32,232 shares during the period. AXA owned about 0.07% of Brookfield Asset Management worth $25,715,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Group One Trading L.P. acquired a new position in shares of Brookfield Asset Management during the first quarter worth $186,000. NN Investment Partners Holdings N.V. raised its position in shares of Brookfield Asset Management by 11.3% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 5,910 shares of the financial services provider’s stock worth $195,000 after buying an additional 600 shares in the last quarter. Gould Asset Management LLC CA acquired a new position in shares of Brookfield Asset Management during the first quarter worth $213,000. Fisher Asset Management LLC acquired a new position in shares of Brookfield Asset Management during the first quarter worth $215,000. Finally, Wright Investors Service Inc. acquired a new position in shares of Brookfield Asset Management during the first quarter worth $284,000. 53.52% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Brookfield Asset Management Inc (BAM) opened at 38.29 on Friday. The stock has a market capitalization of $36.70 billion, a P/E ratio of 30.71 and a beta of 1.04. The stock has a 50 day moving average price of $37.86 and a 200 day moving average price of $35.88. Brookfield Asset Management Inc has a 12 month low of $31.80 and a 12 month high of $38.99.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Thursday, May 11th. The financial services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.26. The company had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.02 billion. Brookfield Asset Management had a return on equity of 2.12% and a net margin of 5.39%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 earnings per share. On average, analysts anticipate that Brookfield Asset Management Inc will post $1.31 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, May 31st will be given a $0.14 dividend. The ex-dividend date is Friday, May 26th. This represents a $0.56 annualized dividend and a dividend yield of 1.46%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 44.80%.

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BAM has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $45.00 target price on shares of Brookfield Asset Management in a research report on Friday, May 12th. Royal Bank of Canada reiterated a “buy” rating and set a $41.00 target price on shares of Brookfield Asset Management in a research report on Wednesday, April 5th. ValuEngine downgraded Brookfield Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet upgraded Brookfield Asset Management from a “c+” rating to a “b” rating in a research report on Friday, February 17th. Finally, TD Securities restated a “buy” rating on shares of Brookfield Asset Management in a research report on Saturday, May 13th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $41.57.

About Brookfield Asset Management

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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