Select Equity Group L.P. decreased its holdings in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 17.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,640,539 shares of the financial services provider’s stock after selling 546,686 shares during the period. Select Equity Group L.P. owned approximately 0.27% of Brookfield Asset Management worth $107,047,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Partners Value Investments LP lifted its stake in Brookfield Asset Management by 1,307.6% during the first quarter. Partners Value Investments LP now owns 85,839,025 shares of the financial services provider’s stock worth $3,347,722,000 after purchasing an additional 79,740,966 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Brookfield Asset Management by 9.0% during the first quarter. Principal Financial Group Inc. now owns 27,657,747 shares of the financial services provider’s stock worth $1,078,648,000 after purchasing an additional 2,289,553 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Brookfield Asset Management by 5.7% during the second quarter. CIBC Asset Management Inc now owns 13,109,534 shares of the financial services provider’s stock worth $531,898,000 after purchasing an additional 702,311 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Brookfield Asset Management by 4.7% during the first quarter. The Manufacturers Life Insurance Company now owns 13,020,161 shares of the financial services provider’s stock worth $507,786,000 after purchasing an additional 583,171 shares during the last quarter. Finally, CIBC World Markets Inc. lifted its stake in Brookfield Asset Management by 2.6% during the first quarter. CIBC World Markets Inc. now owns 10,868,891 shares of the financial services provider’s stock worth $423,887,000 after purchasing an additional 270,765 shares during the last quarter. 60.92% of the stock is owned by institutional investors.

NYSE BAM opened at $42.27 on Thursday. Brookfield Asset Management Inc has a 1-year low of $37.22 and a 1-year high of $44.33. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.26 and a quick ratio of 1.01. The stock has a market capitalization of $42.00 billion, a PE ratio of 15.80 and a beta of 1.04.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its earnings results on Thursday, August 9th. The financial services provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.58. Brookfield Asset Management had a return on equity of 3.74% and a net margin of 5.49%. The company had revenue of $13.28 billion during the quarter. During the same period last year, the firm posted $1.01 EPS. The company’s revenue was up 40.6% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, August 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, August 30th.

BAM has been the subject of several research analyst reports. Scotiabank reaffirmed a “buy” rating and set a $50.50 price target on shares of Brookfield Asset Management in a research note on Tuesday, August 7th. Royal Bank of Canada lifted their price target on Brookfield Asset Management from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, August 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Brookfield Asset Management has a consensus rating of “Buy” and an average price target of $49.80.

Brookfield Asset Management Profile

Brookfield Asset Management Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. Its property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services.

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

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