Dimensional Fund Advisors LP raised its holdings in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 184.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,323 shares of the financial services provider’s stock after buying an additional 29,399 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Brookfield Asset Management were worth $1,777,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. grew its holdings in Brookfield Asset Management by 112.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,176 shares of the financial services provider’s stock valued at $203,000 after buying an additional 2,738 shares during the period. HM Payson & Co. purchased a new stake in Brookfield Asset Management in the 2nd quarter valued at about $203,000. Checchi Capital Advisers LLC purchased a new stake in Brookfield Asset Management in the 2nd quarter valued at about $208,000. Banque Pictet & Cie SA purchased a new stake in Brookfield Asset Management in the 2nd quarter valued at about $208,000. Finally, Usca Ria LLC purchased a new stake in Brookfield Asset Management in the 2nd quarter valued at about $210,000. Institutional investors own 54.61% of the company’s stock.

Several analysts have commented on BAM shares. BidaskClub cut Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Scotiabank lifted their price target on Brookfield Asset Management from $41.75 to $42.50 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Royal Bank Of Canada lifted their price target on Brookfield Asset Management from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, August 11th. TD Securities lifted their price target on Brookfield Asset Management from $47.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 11th. Finally, Canaccord Genuity restated a “buy” rating and issued a $42.00 price target on shares of Brookfield Asset Management in a report on Friday, August 11th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Brookfield Asset Management currently has an average rating of “Buy” and an average price target of $47.00.

Brookfield Asset Management Inc (NYSE BAM) opened at $41.37 on Thursday. The firm has a market capitalization of $40,015.57, a PE ratio of 92.69 and a beta of 1.05. Brookfield Asset Management Inc has a 52 week low of $32.41 and a 52 week high of $43.15. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 0.92.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be paid a $0.18 dividend. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, November 29th. Brookfield Asset Management’s payout ratio is currently 124.45%.

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Brookfield Asset Management Company 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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