Blue Fin Capital Inc. increased its position in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 102.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,265 shares of the financial services provider’s stock after acquiring an additional 17,370 shares during the quarter. Blue Fin Capital Inc.’s holdings in Brookfield Asset Management were worth $1,526,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BAM. Caisse DE Depot ET Placement DU Quebec increased its holdings in Brookfield Asset Management by 149.1% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,000,000 shares of the financial services provider’s stock worth $243,248,000 after acquiring an additional 3,591,058 shares in the last quarter. Toronto Dominion Bank increased its holdings in Brookfield Asset Management by 49.6% in the 2nd quarter. Toronto Dominion Bank now owns 10,739,583 shares of the financial services provider’s stock worth $434,794,000 after acquiring an additional 3,559,779 shares in the last quarter. CI Investments Inc. increased its holdings in Brookfield Asset Management by 36.1% in the 3rd quarter. CI Investments Inc. now owns 7,818,294 shares of the financial services provider’s stock worth $348,149,000 after acquiring an additional 2,073,678 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in Brookfield Asset Management by 182.7% in 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 acquiring an additional 1,922,500 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Brookfield Asset Management by 233.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,273,404 shares of the financial services provider’s stock worth $56,703,000 after acquiring an additional 891,996 shares in the last quarter. 60.72% of the stock is owned by institutional investors.

Shares of BAM opened at $42.57 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. Brookfield Asset Management Inc has a 1 year low of $37.22 and a 1 year high of $45.04. The company has a market cap of $43.42 billion, a price-to-earnings ratio of 16.87 and a beta of 1.03.

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

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 issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Thursday, November 29th.

Several research firms recently issued reports on BAM. Royal Bank of Canada increased their target price 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. Citigroup started coverage on shares of Brookfield Asset Management in a report on Tuesday, November 13th. They set a “buy” rating and a $49.50 price objective for the company. TD Securities increased their price objective on shares of Brookfield Asset Management from $56.00 to $57.00 and gave the company a “buy” rating in a report on Friday, November 9th. Credit Suisse Group raised shares of Brookfield Asset Management from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $44.00 to $50.00 in a report on Friday, November 9th. Finally, BMO Capital Markets started coverage on shares of Brookfield Asset Management in a report on Thursday, September 20th. They set an “outperform” rating and a $54.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $51.75.

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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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