Great West Life Assurance Co. Can boosted its stake in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 8.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,919,066 shares of the financial services provider’s stock after buying an additional 707,574 shares during the quarter. Brookfield Asset Management makes up 0.9% of Great West Life Assurance Co. Can’s portfolio, making the stock its 15th largest position. Great West Life Assurance Co. Can owned 0.90% of Brookfield Asset Management worth $366,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC grew its position in shares of Brookfield Asset Management by 18.9% in the 2nd quarter. FMR LLC now owns 25,066,960 shares of the financial services provider’s stock worth $983,697,000 after buying an additional 3,980,816 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Brookfield Asset Management by 58.7% in the 2nd quarter. CIBC Asset Management Inc now owns 9,445,056 shares of the financial services provider’s stock worth $370,221,000 after buying an additional 3,491,780 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Brookfield Asset Management by 212.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,758,937 shares of the financial services provider’s stock worth $108,110,000 after buying an additional 1,874,577 shares during the last quarter. Mcdonald Capital Investors Inc. CA purchased a new position in shares of Brookfield Asset Management in the 2nd quarter worth approximately $35,621,000. Finally, Alps Advisors Inc. purchased a new position in shares of Brookfield Asset Management in the 2nd quarter worth approximately $32,066,000. Institutional investors own 52.16% of the company’s stock.

Shares of Brookfield Asset Management Inc (NYSE:BAM) opened at $41.86 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.01 and a current ratio of 1.29. Brookfield Asset Management Inc has a 12 month low of $32.41 and a 12 month high of $43.15. The company has a market cap of $40,159.48, a P/E ratio of 93.02 and a beta of 1.05.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.72%. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 29th. Brookfield Asset Management’s payout ratio is presently 124.45%.

A number of research analysts have recently issued reports on BAM shares. Scotiabank lifted their price objective on shares of Brookfield Asset Management from $42.75 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 11th. Citigroup Inc. dropped their target price on shares of Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating on the stock in a research report on Friday, November 10th. BidaskClub downgraded shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Canaccord Genuity reissued a “buy” rating and set a $47.00 target price on shares of Brookfield Asset Management in a research report on Monday, October 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Brookfield Asset Management in a research report on Thursday, September 28th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $47.00.

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

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