Advisor Group Holdings Inc. lifted its stake in Brookfield Asset Management Inc. (NYSE:BAM – Get Rating) (TSE:BAM.A) by 20.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,987 shares of the financial services provider’s stock after purchasing an additional 20,329 shares during the period. Advisor Group Holdings Inc.’s holdings in Brookfield Asset Management were worth $7,124,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in BAM. Brookfield Asset Management Inc. acquired a new stake in shares of Brookfield Asset Management in the third quarter valued at about $6,974,274,000. Viking Global Investors LP lifted its stake in shares of Brookfield Asset Management by 311.2% in the third quarter. Viking Global Investors LP now owns 16,987,106 shares of the financial services provider’s stock valued at $908,980,000 after purchasing an additional 12,856,497 shares during the period. FIL Ltd raised its position in Brookfield Asset Management by 30.0% during the third quarter. FIL Ltd now owns 29,604,720 shares of the financial services provider’s stock worth $1,586,351,000 after acquiring an additional 6,829,447 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of Brookfield Asset Management in the fourth quarter valued at about $179,508,000. Finally, Marathon Asset Mgmt Ltd acquired a new stake in shares of Brookfield Asset Management in the third quarter valued at approximately $126,432,000. Hedge funds and other institutional investors own 60.23% of the company’s stock.
In other news, major shareholder Brookfield Asset Management In sold 5,925 shares of the company’s stock in a transaction dated Tuesday, April 12th. The stock was sold at an average price of $32.13, for a total value of $190,370.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Oaktree Capital Management Gp, sold 585,735 shares of the stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $31.00, for a total value of $18,157,785.00. The disclosure for this sale can be found here.
Brookfield Asset Management (NYSE:BAM – Get Rating) (TSE:BAM.A) last issued its quarterly earnings results on Thursday, February 10th. The financial services provider reported $0.66 EPS for the quarter. Brookfield Asset Management had a net margin of 5.24% and a return on equity of 3.21%. The firm had revenue of $21.79 billion during the quarter. Sell-side analysts anticipate that Brookfield Asset Management Inc. will post 3.22 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, February 28th were given a dividend of $0.14 per share. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 25th. This represents a $0.56 annualized dividend and a yield of 1.08%. Brookfield Asset Management’s dividend payout ratio is 23.43%.
BAM has been the topic of a number of recent research reports. TD Securities upped their target price on Brookfield Asset Management from $75.00 to $77.00 and gave the company an “action list buy” rating in a research note on Monday, February 7th. Citigroup increased their price objective on Brookfield Asset Management from $61.00 to $65.50 in a research note on Friday, February 11th. StockNews.com raised shares of Brookfield Asset Management from a “sell” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Brookfield Asset Management from $64.00 to $62.00 and set a “hold” rating on the stock in a research note on Thursday, April 7th. Finally, Zacks Investment Research raised shares of Brookfield Asset Management from a “sell” rating to a “hold” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Brookfield Asset Management presently has an average rating of “Buy” and an average price target of $66.15.
Brookfield Asset Management Company Profile (Get Rating)
Brookfield Asset Management is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.
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