Brookfield Asset Management Inc. (NYSE:BAM) saw an uptick in trading volume on Thursday . 1,113,511 shares were traded during trading, an increase of 77% from the previous session’s volume of 630,812 shares.The stock last traded at $35.33 and had previously closed at $35.33.

A number of brokerages have commented on BAM. Zacks Investment Research cut shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Vetr raised shares of Brookfield Asset Management from a “buy” rating to a “strong-buy” rating and set a $38.94 target price for the company in a report on Monday, June 13th. Keefe, Bruyette & Woods began coverage on shares of Brookfield Asset Management in a report on Tuesday, May 24th. They set an “outperform” rating and a $41.00 target price for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $53.00 target price (up from $52.00) on shares of Brookfield Asset Management in a report on Tuesday, May 17th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Brookfield Asset Management in a report on Saturday, May 14th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Brookfield Asset Management presently has an average rating of “Buy” and an average target price of $39.88.

The firm has a 50-day moving average price of $34.29 and a 200 day moving average price of $32.81. The company has a market capitalization of $33.86 billion and a PE ratio of 20.00.

Brookfield Asset Management (NYSE:BAM) last released its earnings results on Friday, August 12th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.28. The company earned $5.97 billion during the quarter, compared to analyst estimates of $4.78 billion. Equities research analysts expect that Brookfield Asset Management Inc. will post $1.04 EPS for the current year.

A number of institutional investors have bought and sold shares of BAM. Cedar Hill Associates LLC acquired a new position in Brookfield Asset Management during the fourth quarter worth about $10,244,000. I.G. Investment Management LTD. raised its position in Brookfield Asset Management by 2.1% in the fourth quarter. I.G. Investment Management LTD. now owns 5,390,264 shares of the company’s stock worth $170,128,000 after buying an additional 108,585 shares in the last quarter. Schroder Investment Management Group acquired a new position in Brookfield Asset Management during the fourth quarter worth about $1,213,000. Finally, Vanguard Group Inc. raised its position in Brookfield Asset Management by 8.1% in the fourth quarter. Vanguard Group Inc. now owns 12,504,187 shares of the company’s stock worth $394,257,000 after buying an additional 939,445 shares in the last quarter.

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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