Janus Henderson Group PLC Sells 98,558 Shares of Brookfield Asset Management Inc (BAM)
Janus Henderson Group PLC trimmed its position in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 29.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,800 shares of the financial services provider’s stock after selling 98,558 shares during the quarter. Janus Henderson Group PLC’s holdings in Brookfield Asset Management were worth $9,641,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Squar Milner Financial Services LLC purchased a new stake in Brookfield Asset Management in the 2nd quarter worth $175,000. FineMark National Bank & Trust purchased a new stake in Brookfield Asset Management in the 2nd quarter worth $200,000. Timber Hill LLC purchased a new stake in Brookfield Asset Management in the 2nd quarter worth $201,000. Cortland Associates Inc. MO purchased a new stake in Brookfield Asset Management in the 2nd quarter worth $205,000. Finally, FTB Advisors Inc. increased its holdings in Brookfield Asset Management by 132.1% in the 2nd quarter. FTB Advisors Inc. now owns 5,275 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 3,002 shares in the last quarter. 60.92% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the stock. Royal Bank of Canada boosted their price target on shares of Brookfield Asset Management from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. Scotiabank reissued a “buy” rating and issued a $50.50 price target on shares of Brookfield Asset Management in a report on Tuesday, August 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Brookfield Asset Management has a consensus rating of “Buy” and a consensus price target of $49.80.
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings results on Thursday, August 9th. The financial services provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.04 by $0.58. Brookfield Asset Management had a net margin of 5.49% and a return on equity of 3.74%. The company had revenue of $13.28 billion during the quarter. During the same period in the previous year, the firm posted $1.01 EPS. Brookfield Asset Management’s revenue was up 40.6% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, August 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Thursday, August 30th.
About Brookfield Asset Management
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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