Brookfield Asset Management Inc. (BAM) Shares Bought by Fenimore Asset Management Inc.
Fenimore Asset Management Inc. raised its position in shares of Brookfield Asset Management Inc. (NYSE:BAM) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,980,439 shares of the company’s stock after buying an additional 11,075 shares during the period. Brookfield Asset Management comprises approximately 3.3% of Fenimore Asset Management Inc.’s investment portfolio, making the stock its 5th largest position. Fenimore Asset Management Inc.’s holdings in Brookfield Asset Management were worth $69,672,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Bank of Montreal Can acquired a new stake in Brookfield Asset Management during the second quarter worth approximately $1,134,262,000. Candriam Luxembourg S.C.A. increased its stake in Brookfield Asset Management by 603.2% in the second quarter. Candriam Luxembourg S.C.A. now owns 373,725 shares of the company’s stock valued at $12,300,000 after buying an additional 320,579 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in Brookfield Asset Management by 23.5% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,472,250 shares of the company’s stock valued at $105,664,000 after buying an additional 469,773 shares in the last quarter. Allen Investment Management LLC increased its stake in Brookfield Asset Management by 13.2% in the first quarter. Allen Investment Management LLC now owns 25,458 shares of the company’s stock valued at $886,000 after buying an additional 2,969 shares in the last quarter. Finally, Virginia Retirement System purchased a new stake in Brookfield Asset Management during the first quarter valued at about $321,000. Institutional investors own 53.31% of the company’s stock.
Brookfield Asset Management Inc. (NYSE:BAM) traded up 0.439% on Wednesday, hitting $35.445. The stock had a trading volume of 440,831 shares. The company’s 50-day moving average is $34.30 and its 200-day moving average is $34.00. The stock has a market cap of $33.99 billion, a P/E ratio of 27.413 and a beta of 0.96. Brookfield Asset Management Inc. has a one year low of $25.72 and a one year high of $35.98.
Brookfield Asset Management (NYSE:BAM) last posted its quarterly earnings data on Friday, August 12th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.39. Brookfield Asset Management had a return on equity of 2.54% and a net margin of 6.47%. The business had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the firm earned $0.65 earnings per share. The business’s revenue was up 21.3% on a year-over-year basis. On average, analysts anticipate that Brookfield Asset Management Inc. will post $0.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, August 31st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Monday, August 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 39.39%.
Several equities research analysts recently issued reports on the company. TheStreet downgraded Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Monday, September 19th. Royal Bank Of Canada upgraded Brookfield Asset Management from an “outperform” rating to a “top pick” rating and set a $41.00 price objective on the stock in a report on Thursday, September 22nd. TD Securities reiterated a “buy” rating and issued a $46.00 price objective on shares of Brookfield Asset Management in a report on Sunday, October 2nd. Zacks Investment Research downgraded Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Brookfield Asset Management in a report on Monday, September 26th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company’s stock. Brookfield Asset Management presently has an average rating of “Buy” and a consensus price target of $40.07.
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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