America First Investment Advisors LLC boosted its stake in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 4.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 321,009 shares of the financial services provider’s stock after acquiring an additional 12,822 shares during the period. Brookfield Asset Management comprises about 4.8% of America First Investment Advisors LLC’s holdings, making the stock its 11th biggest holding. America First Investment Advisors LLC’s holdings in Brookfield Asset Management were worth $13,258,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of BAM. QS Investors LLC raised its position in shares of Brookfield Asset Management by 69.8% in the second quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock valued at $110,000 after buying an additional 1,150 shares during the last quarter. Veritas Investment Management UK Ltd acquired a new stake in shares of Brookfield Asset Management in the third quarter valued at about $149,000. Atlantic Trust LLC acquired a new stake in shares of Brookfield Asset Management in the second quarter valued at about $191,000. HM Payson & Co. acquired a new stake in shares of Brookfield Asset Management in the second quarter valued at about $203,000. Finally, Bronfman E.L. Rothschild L.P. raised its position in shares of Brookfield Asset Management by 112.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,176 shares of the financial services provider’s stock valued at $203,000 after buying an additional 2,738 shares during the last quarter. Institutional investors own 52.16% of the company’s stock.

BAM has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $42.00 target price on shares of Brookfield Asset Management in a research report on Thursday, July 27th. BidaskClub cut shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Scotiabank increased their target price on shares of Brookfield Asset Management from $41.75 to $42.50 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. TD Securities increased their target price on shares of Brookfield Asset Management from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $42.00 price objective on shares of Brookfield Asset Management in a report on Friday, August 11th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $47.00.

Shares of Brookfield Asset Management Inc (BAM) traded up $0.06 on Tuesday, hitting $41.40. 397,451 shares of the company were exchanged, compared to its average volume of 876,554. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 1.01. Brookfield Asset Management Inc has a 12-month low of $32.41 and a 12-month high of $43.15. The stock has a market capitalization of $40,960.00, a price-to-earnings ratio of 92.02 and a beta of 1.06.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.74%. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.14. Brookfield Asset Management’s dividend payout ratio is currently 121.74%.

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Brookfield Asset Management 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.

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

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