JPMorgan Chase & Co. trimmed its stake in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 19.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 947,424 shares of the financial services provider’s stock after selling 231,022 shares during the quarter. JPMorgan Chase & Co. owned about 0.10% of Brookfield Asset Management worth $38,570,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. QS Investors LLC grew its holdings in 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 worth $110,000 after purchasing an additional 1,150 shares during the period. CI Investments Inc. grew its holdings in Brookfield Asset Management by 41.4% in the third quarter. CI Investments Inc. now owns 2,589,015 shares of the financial services provider’s stock worth $106,926,000 after purchasing an additional 758,205 shares during the period. Markel Corp grew its holdings in Brookfield Asset Management by 1.4% in the third quarter. Markel Corp now owns 5,435,821 shares of the financial services provider’s stock worth $224,499,000 after purchasing an additional 75,000 shares during the period. Shell Asset Management Co. grew its holdings in Brookfield Asset Management by 73.3% in the third quarter. Shell Asset Management Co. now owns 157,391 shares of the financial services provider’s stock worth $7,914,000 after purchasing an additional 66,574 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in Brookfield Asset Management in the second quarter worth $6,348,000. Institutional investors and hedge funds own 54.61% of the company’s stock.

A number of research firms have commented on BAM. Citigroup reduced their price target on shares of Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating for the company in a report on Friday, November 10th. Canaccord Genuity restated a “buy” rating and issued a $47.00 price target on shares of Brookfield Asset Management in a report on Monday, October 2nd. BidaskClub upgraded shares of Brookfield Asset Management from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Scotiabank raised their price target on shares of Brookfield Asset Management from $44.75 to $45.50 and gave the stock an “outperform” rating in a report on Friday, November 10th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Brookfield Asset Management in a report on Thursday, September 28th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $47.00.

Brookfield Asset Management Inc (NYSE:BAM) opened at $43.35 on Monday. The stock has a market cap of $41,588.95, a PE ratio of 96.33 and a beta of 1.04. Brookfield Asset Management Inc has a twelve month low of $32.65 and a twelve month high of $43.48. The company has a current ratio of 1.29, a quick ratio of 1.01 and a debt-to-equity ratio of 0.92.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.18 per share. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Wednesday, November 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 124.45%.

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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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