Graybill Bartz & Assoc Ltd. raised its stake in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,350 shares of the financial services provider’s stock after purchasing an additional 1,510 shares during the period. Graybill Bartz & Assoc Ltd.’s holdings in Brookfield Asset Management were worth $2,286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Brookfield Asset Management by 163.8% during the second quarter. JPMorgan Chase & Co. now owns 1,178,446 shares of the financial services provider’s stock valued at $46,209,000 after purchasing an additional 731,752 shares in the last quarter. Barometer Capital Management Inc. lifted its holdings in Brookfield Asset Management by 2,063.5% during the second quarter. Barometer Capital Management Inc. now owns 506,258 shares of the financial services provider’s stock valued at $19,850,000 after purchasing an additional 482,858 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Brookfield Asset Management by 3.2% during the first quarter. Ameriprise Financial Inc. now owns 22,198 shares of the financial services provider’s stock valued at $810,000 after purchasing an additional 689 shares in the last quarter. D L Carlson Investment Group Inc. purchased a new position in Brookfield Asset Management during the second quarter valued at $1,559,000. Finally, Synovus Financial Corp lifted its holdings in Brookfield Asset Management by 22.1% during the second quarter. Synovus Financial Corp now owns 42,091 shares of the financial services provider’s stock valued at $1,654,000 after purchasing an additional 7,615 shares in the last quarter. 55.42% of the stock is currently owned by institutional investors and hedge funds.

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Brookfield Asset Management Inc (NYSE:BAM) traded up 0.02% during trading on Friday, hitting $42.89. 534,914 shares of the stock traded hands. The stock has a market cap of $41.12 billion, a P/E ratio of 33.27 and a beta of 1.04. The company’s 50 day moving average price is $40.85 and its 200-day moving average price is $38.90. Brookfield Asset Management Inc has a 52-week low of $32.04 and a 52-week high of $43.15.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Thursday, August 10th. The financial services provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.28). The business had revenue of $9.44 billion during the quarter, compared to analyst estimates of $5.27 billion. Brookfield Asset Management had a return on equity of 2.10% and a net margin of 4.87%. Brookfield Asset Management’s revenue for the quarter was up 58.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS. Equities research analysts forecast that Brookfield Asset Management Inc will post $0.86 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, August 29th. Brookfield Asset Management’s dividend payout ratio is currently 43.75%.

BAM has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $45.00 price objective on shares of Brookfield Asset Management in a report on Friday, July 14th. TD Securities increased their price objective on shares of Brookfield Asset Management from $47.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 11th. Scotiabank increased their price objective on shares of Brookfield Asset Management from $41.75 to $42.50 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Royal Bank Of Canada increased their price objective on shares of Brookfield Asset Management from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, August 11th. Finally, Citigroup Inc. increased their price objective on shares of Brookfield Asset Management from $45.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $48.17.

Brookfield Asset Management Company Profile

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.

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

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