River Road Asset Management LLC grew its position in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 557.1% during the fourth quarter, HoldingsChannel reports. The firm owned 181,939 shares of the financial services provider’s stock after buying an additional 154,252 shares during the quarter. River Road Asset Management LLC’s holdings in Brookfield Asset Management were worth $7,922,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. QS Investors LLC lifted its holdings in shares of Brookfield Asset Management by 69.8% in the second quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 1,150 shares in the last quarter. CI Investments Inc. lifted its holdings in shares of Brookfield Asset Management by 41.4% in the third quarter. CI Investments Inc. now owns 2,589,015 shares of the financial services provider’s stock valued at $106,926,000 after purchasing an additional 758,205 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Brookfield Asset Management by 3.9% in the third quarter. Envestnet Asset Management Inc. now owns 94,604 shares of the financial services provider’s stock valued at $3,906,000 after purchasing an additional 3,518 shares in the last quarter. Markel Corp lifted its holdings in shares of Brookfield Asset Management by 1.4% in the third quarter. Markel Corp now owns 5,435,821 shares of the financial services provider’s stock valued at $224,499,000 after purchasing an additional 75,000 shares in the last quarter. Finally, Shell Asset Management Co. lifted its holdings in shares of Brookfield Asset Management by 73.3% in the third quarter. Shell Asset Management Co. now owns 157,391 shares of the financial services provider’s stock valued at $7,914,000 after purchasing an additional 66,574 shares in the last quarter. Institutional investors own 54.10% of the company’s stock.

Shares of Brookfield Asset Management Inc (NYSE BAM) opened at $38.61 on Friday. 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 stock has a market capitalization of $36,465.88, a PE ratio of 85.80 and a beta of 0.98. Brookfield Asset Management Inc has a 12-month low of $35.30 and a 12-month high of $44.33.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its earnings results on Thursday, November 9th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $15.40 billion for the quarter. Brookfield Asset Management had a return on equity of 0.86% and a net margin of 1.70%.

A number of brokerages have recently commented on BAM. TheStreet lowered Brookfield Asset Management from a “b-” rating to a “c+” rating in a report on Thursday, January 25th. Royal Bank of Canada boosted their price target on Brookfield Asset Management from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Citigroup cut their price target on Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating on the stock in a report on Friday, November 10th. Finally, Scotiabank boosted their price target on Brookfield Asset Management from $44.75 to $45.50 and gave the company an “outperform” rating in a report on Friday, November 10th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Brookfield Asset Management currently has a consensus rating of “Buy” and a consensus price target of $47.00.

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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.

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Institutional Ownership by Quarter for Brookfield Asset Management (NYSE:BAM)

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