Checchi Capital Advisers LLC grew its position in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 26.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,462 shares of the financial services provider’s stock after purchasing an additional 1,154 shares during the period. Checchi Capital Advisers LLC’s holdings in Brookfield Asset Management were worth $242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Security National Trust Co. acquired a new stake in shares of Brookfield Asset Management during the fourth quarter worth $31,000. HBC Financial Services PLLC acquired a new stake in shares of Brookfield Asset Management during the fourth quarter worth $32,000. San Francisco Sentry Investment Group CA acquired a new stake in shares of Brookfield Asset Management during the first quarter worth $33,000. Vestcor Investment Management Corp acquired a new stake in shares of Brookfield Asset Management during the fourth quarter worth $35,000. Finally, CWM LLC raised its holdings in shares of Brookfield Asset Management by 122.5% during the fourth quarter. CWM LLC now owns 663 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 365 shares during the period. Institutional investors own 40.29% of the company’s stock.

BAM has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Wednesday. Canaccord Genuity restated a “buy” rating and set a $42.50 price objective on shares of Brookfield Asset Management in a report on Friday. Keefe, Bruyette & Woods downgraded shares of Brookfield Asset Management from an “outperform” rating to a “market perform” rating in a research report on Sunday, March 29th. CIBC decreased their target price on shares of Brookfield Asset Management from $48.00 to $44.00 and set an “outperformer” rating for the company in a research report on Friday. Finally, Royal Bank of Canada decreased their target price on shares of Brookfield Asset Management from $50.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, April 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $41.35.

Shares of BAM traded down $0.69 during midday trading on Friday, reaching $29.95. The stock had a trading volume of 2,273,428 shares, compared to its average volume of 3,122,492. The firm has a 50 day simple moving average of $34.24 and a 200-day simple moving average of $52.41. Brookfield Asset Management Inc has a one year low of $21.57 and a one year high of $45.61. The firm has a market cap of $47.59 billion, a PE ratio of 17.35 and a beta of 1.18. The company has a current ratio of 0.99, a quick ratio of 0.79 and a debt-to-equity ratio of 1.21.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings data on Thursday, May 14th. The financial services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.68). Brookfield Asset Management had a net margin of 4.14% and a return on equity of 2.74%. The firm had revenue of $16.59 billion during the quarter. As a group, research analysts forecast that Brookfield Asset Management Inc will post 1.83 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Thursday, May 28th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 27.75%.

Brookfield Asset Management Profile

Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.

Featured Article: Intrinsic Value and Stock Selection

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.