Davis Selected Advisers grew its stake in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 717,049 shares of the financial services provider’s stock after acquiring an additional 6,940 shares during the period. Davis Selected Advisers owned 0.07% of Brookfield Asset Management worth $29,614,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. QS Investors LLC lifted its position in shares of Brookfield Asset Management by 69.8% during the second quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 1,150 shares in the last quarter. Veritas Investment Management UK Ltd purchased a new stake in shares of Brookfield Asset Management during the third quarter worth $149,000. Atlantic Trust LLC purchased a new stake in shares of Brookfield Asset Management during the second quarter worth $191,000. Bronfman E.L. Rothschild L.P. lifted its position in shares of Brookfield Asset Management by 112.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,176 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 2,738 shares in the last quarter. Finally, HM Payson & Co. purchased a new stake in shares of Brookfield Asset Management during the second quarter worth $203,000. Hedge funds and other institutional investors own 54.61% of the company’s stock.

Several research analysts have recently weighed in on the stock. TheStreet cut shares of Brookfield Asset Management from a “b” rating to a “c+” rating in a report on Thursday, November 16th. Royal Bank of Canada upped their price target on shares of Brookfield Asset Management from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Scotiabank upped 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. Citigroup decreased their price target on shares of Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating on the stock in a report on Friday, November 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $47.00 price target on shares of Brookfield Asset Management in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Brookfield Asset Management presently has an average rating of “Buy” and an average target price of $47.00.

Brookfield Asset Management Inc (NYSE:BAM) opened at $43.84 on Friday. The firm has a market cap of $42,222.14, a price-to-earnings ratio of 97.80 and a beta of 1.04. Brookfield Asset Management Inc has a 1-year low of $32.65 and a 1-year high of $44.19. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 1.01.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Wednesday, November 29th. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.14. Brookfield Asset Management’s dividend payout ratio is currently 124.45%.

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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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