Capital Advisors Inc. OK grew its holdings in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 567,784 shares of the financial services provider’s stock after purchasing an additional 2,559 shares during the quarter. Brookfield Asset Management comprises approximately 1.4% of Capital Advisors Inc. OK’s portfolio, making the stock its 13th biggest holding. Capital Advisors Inc. OK’s holdings in Brookfield Asset Management were worth $24,721,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. QS Investors LLC boosted 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 acquiring an additional 1,150 shares during the period. CI Investments Inc. boosted its position in shares of 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 valued at $106,926,000 after acquiring an additional 758,205 shares during the period. Markel Corp boosted its position in shares of 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 valued at $224,499,000 after acquiring an additional 75,000 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Brookfield Asset Management by 3.9% in the third quarter. Envestnet Asset Management Inc. now owns 94,604 shares of the financial services provider’s stock valued at $3,906,000 after acquiring an additional 3,518 shares during the period. Finally, Shell Asset Management Co. boosted its position in shares of 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 valued at $7,914,000 after acquiring an additional 66,574 shares during the period. Hedge funds and other institutional investors own 54.10% of the company’s stock.

A number of research firms have recently commented on BAM. TheStreet upgraded shares of Brookfield Asset Management from a “c+” rating to a “b-” rating in a research report on Thursday, December 28th. Royal Bank of Canada raised their price objective on shares of Brookfield Asset Management from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Scotiabank raised their price objective on shares of Brookfield Asset Management from $44.75 to $45.50 and gave the company an “outperform” rating in a research report on Friday, November 10th. Citigroup cut their price objective on shares of Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating for the company in a research report on Friday, November 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $47.00 target price on shares of Brookfield Asset Management in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.00.

Shares of Brookfield Asset Management Inc (NYSE:BAM) traded down $0.49 on Monday, reaching $41.26. 1,679,630 shares of the company were exchanged, compared to its average volume of 1,200,707. The stock has a market capitalization of $40,053.95, a P/E ratio of 91.69 and a beta of 1.04. 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 1-year low of $34.09 and a 1-year high of $44.33.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its earnings results on Thursday, November 9th. The financial services provider reported $0.20 earnings per share for the quarter. The business had revenue of $15.40 billion for the quarter. Brookfield Asset Management had a net margin of 1.70% and a return on equity of 0.86%.

TRADEMARK VIOLATION WARNING: This piece of content was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/01/29/capital-advisors-inc-ok-raises-holdings-in-brookfield-asset-management-inc-bam.html.

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.

Want to see what other hedge funds are holding BAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A).

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

Receive News & Ratings for Brookfield Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.