Cooke & Bieler LP reduced its stake in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 1.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,436,023 shares of the financial services provider’s stock after selling 44,472 shares during the period. Brookfield Asset Management makes up approximately 1.9% of Cooke & Bieler LP’s holdings, making the stock its 17th biggest holding. Cooke & Bieler LP’s holdings in Brookfield Asset Management were worth $106,064,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BAM. First Personal Financial Services acquired a new stake in Brookfield Asset Management during the 4th quarter worth approximately $107,000. QS Investors LLC raised its holdings in Brookfield Asset Management by 69.8% during the 2nd quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock worth $110,000 after buying an additional 1,150 shares during the period. Calton & Associates Inc. acquired a new stake in Brookfield Asset Management during the 4th quarter worth approximately $118,000. Veritas Investment Management UK Ltd acquired a new stake in Brookfield Asset Management during the 3rd quarter worth approximately $149,000. Finally, Atlantic Trust LLC acquired a new stake in Brookfield Asset Management during the 2nd quarter worth approximately $191,000. Hedge funds and other institutional investors own 54.10% of the company’s stock.

Shares of Brookfield Asset Management Inc (NYSE:BAM) opened at $38.61 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. Brookfield Asset Management Inc has a fifty-two week low of $35.30 and a fifty-two week high of $44.33. The stock has a market cap of $37,041.51, a P/E ratio of 85.80 and a beta of 0.98.

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

Several analysts have commented on BAM shares. Citigroup 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 report on Friday, November 10th. Scotiabank raised their target price 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. Royal Bank of Canada raised their target price 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. Finally, TheStreet downgraded shares of Brookfield Asset Management from a “b” rating to a “c+” rating in a report on Thursday, November 16th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price 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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