State of Wisconsin Investment Board reduced its position in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 772,728 shares of the financial services provider’s stock after selling 42,900 shares during the quarter. State of Wisconsin Investment Board owned about 0.08% of Brookfield Asset Management worth $31,832,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Andra AP fonden increased its holdings in Brookfield Asset Management by 18.2% in the 3rd quarter. Andra AP fonden now owns 115,500 shares of the financial services provider’s stock valued at $5,951,000 after buying an additional 17,800 shares during the period. Pecaut & CO. increased its holdings in Brookfield Asset Management by 2.4% in the 3rd quarter. Pecaut & CO. now owns 56,600 shares of the financial services provider’s stock valued at $2,338,000 after buying an additional 1,350 shares during the period. Mcdonald Capital Investors Inc. CA increased its holdings in Brookfield Asset Management by 3.8% in the 3rd quarter. Mcdonald Capital Investors Inc. CA now owns 942,730 shares of the financial services provider’s stock valued at $38,935,000 after buying an additional 34,255 shares during the period. Markel Corp increased its holdings in Brookfield Asset Management by 1.4% in the 3rd quarter. Markel Corp now owns 5,435,821 shares of the financial services provider’s stock valued at $224,499,000 after buying an additional 75,000 shares during the period. Finally, Northern Capital Management LLC increased its holdings in Brookfield Asset Management by 28.8% in the 3rd quarter. Northern Capital Management LLC now owns 90,433 shares of the financial services provider’s stock valued at $3,735,000 after buying an additional 20,194 shares during the period. 52.19% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on the stock. Scotiabank raised their target price on shares of Brookfield Asset Management from $42.75 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 11th. Canaccord Genuity reissued a “buy” rating and issued a $47.00 target price on shares of Brookfield Asset Management in a report on Monday, October 2nd. ValuEngine lowered shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Royal Bank Of Canada reissued an “outperform” rating on shares of Brookfield Asset Management in a report on Thursday, September 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $45.00 price target on shares of Brookfield Asset Management in a report on Friday, July 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $48.17.

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Shares of Brookfield Asset Management Inc (NYSE BAM) opened at $42.30 on Thursday. The stock has a market cap of $41,307.64, a P/E ratio of 32.64 and a beta of 1.05. The company has a current ratio of 1.31, a quick ratio of 1.02 and a debt-to-equity ratio of 0.96. Brookfield Asset Management Inc has a 1-year low of $32.04 and a 1-year high of $43.15.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings results on Thursday, August 10th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.28). The company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $5.27 billion. Brookfield Asset Management had a net margin of 4.87% and a return on equity of 2.10%. The company’s revenue for the quarter was up 58.1% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.32%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 43.75%.

Brookfield Asset Management Profile

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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