Hillsdale Investment Management Inc. grew its holdings in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 20.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 103,700 shares of the financial services provider’s stock after acquiring an additional 17,800 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Brookfield Asset Management were worth $4,617,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. LGT Capital Partners LTD. grew its stake in Brookfield Asset Management by 1.5% during the 3rd quarter. LGT Capital Partners LTD. now owns 543,630 shares of the financial services provider’s stock worth $24,170,000 after buying an additional 8,140 shares during the last quarter. Barometer Capital Management Inc. purchased a new position in Brookfield Asset Management during the 3rd quarter worth approximately $1,781,000. First Republic Investment Management Inc. grew its stake in Brookfield Asset Management by 1,029.5% during the 2nd quarter. First Republic Investment Management Inc. now owns 64,989 shares of the financial services provider’s stock worth $2,635,000 after buying an additional 59,235 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in Brookfield Asset Management by 182.7% during the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,974,800 shares of the financial services provider’s stock worth $158,646,000 after buying an additional 1,922,500 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Brookfield Asset Management by 7.4% during the 2nd quarter. Bank of America Corp DE now owns 2,048,755 shares of the financial services provider’s stock worth $83,057,000 after buying an additional 141,564 shares during the last quarter. Institutional investors and hedge funds own 60.72% of the company’s stock.

Brookfield Asset Management stock opened at $43.87 on Monday. Brookfield Asset Management Inc has a twelve month low of $37.22 and a twelve month high of $45.04. The company has a quick ratio of 1.02, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The company has a market cap of $43.58 billion, a price-to-earnings ratio of 16.94 and a beta of 1.03.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Thursday, November 8th. The financial services provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.21). Brookfield Asset Management had a return on equity of 3.52% and a net margin of 5.10%. The company had revenue of $14.86 billion for the quarter. During the same period last year, the firm earned $0.79 earnings per share. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, November 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 1.37%.

A number of research analysts recently issued reports on BAM shares. TD Securities raised their price target on Brookfield Asset Management from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Friday, November 9th. Scotiabank set a $53.00 price target on Brookfield Asset Management and gave the stock a “buy” rating in a research note on Thursday, October 18th. Citigroup started coverage on Brookfield Asset Management in a research note on Tuesday, November 13th. They set a “buy” rating and a $49.50 price target on the stock. Credit Suisse Group upgraded Brookfield Asset Management from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $44.00 to $50.00 in a research note on Friday, November 9th. Finally, BMO Capital Markets started coverage on Brookfield Asset Management in a research note on Thursday, September 20th. They set an “outperform” rating and a $54.00 price target on the stock. Six analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $51.75.

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Brookfield Asset Management Company 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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