Calton & Associates Inc. bought a new position in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,792 shares of the financial services provider’s stock, valued at approximately $118,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. QS Investors LLC boosted its holdings 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 purchasing an additional 1,150 shares during the period. CI Investments Inc. boosted its holdings in shares of Brookfield Asset Management by 41.4% during 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. Envestnet Asset Management Inc. boosted its holdings in shares of Brookfield Asset Management by 3.9% during the third quarter. Envestnet Asset Management Inc. now owns 94,604 shares of the financial services provider’s stock worth $3,906,000 after purchasing an additional 3,518 shares during the period. Markel Corp boosted its holdings in shares of Brookfield Asset Management by 1.4% during 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. Finally, Shell Asset Management Co. boosted its holdings in shares of Brookfield Asset Management by 73.3% during 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. Institutional investors own 54.31% of the company’s stock.

Shares of Brookfield Asset Management Inc (NYSE:BAM) opened at $39.03 on Wednesday. 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 stock has a market cap of $37,242.98, a P/E ratio of 86.27 and a beta of 0.98. Brookfield Asset Management Inc has a one year low of $35.30 and a one year high of $44.33.

BAM has been the subject of several research reports. TheStreet upgraded shares of Brookfield Asset Management from a “c+” rating to a “b-” rating in a report on Thursday, December 28th. Citigroup decreased 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. Royal Bank of Canada raised 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus 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.

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

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