Brookfield Asset Management Inc (BAM) Stake Decreased by Bank of Montreal Can

Bank of Montreal Can lessened its holdings in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,099,664 shares of the financial services provider’s stock after selling 1,006,761 shares during the quarter. Brookfield Asset Management accounts for 1.0% of Bank of Montreal Can’s investment portfolio, making the stock its 14th biggest position. Bank of Montreal Can owned 2.83% of Brookfield Asset Management worth $1,077,622,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Csenge Advisory Group bought a new position in shares of Brookfield Asset Management in the third quarter worth approximately $62,000. Capital Bank & Trust Co purchased a new position in shares of Brookfield Asset Management during the third quarter valued at approximately $125,000. Capital Guardian Trust Co. purchased a new position in shares of Brookfield Asset Management during the third quarter valued at approximately $147,000. NEXT Financial Group Inc purchased a new position in shares of Brookfield Asset Management during the third quarter valued at approximately $204,000. Finally, Atlantic Trust LLC purchased a new position in shares of Brookfield Asset Management during the third quarter valued at approximately $217,000. Institutional investors own 61.02% of the company’s stock.

BAM stock opened at $43.12 on Thursday. Brookfield Asset Management Inc has a 52 week low of $36.58 and a 52 week high of $45.04. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.26 and a quick ratio of 1.02. The firm has a market cap of $42.91 billion, a price-to-earnings ratio of 16.88 and a beta of 1.18.

Several research analysts have recently weighed in on BAM shares. Scotiabank set a $53.00 price objective on shares of Brookfield Asset Management and gave the company a “buy” rating in a report on Thursday, October 18th. Credit Suisse Group raised shares of Brookfield Asset Management from a “neutral” rating to an “outperform” rating and upped their target price for the company from $44.00 to $50.00 in a report on Friday, November 9th. TD Securities upped their target price 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. Finally, Citigroup assumed coverage on shares of Brookfield Asset Management in a research note on Tuesday, November 13th. They issued a “buy” rating and a $49.50 price objective for the company. Six investment analysts have rated the stock with a buy rating, Brookfield Asset Management has a consensus rating of “Buy” and an average price target of $51.75.

WARNING: This story was reported by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.baseballdailydigest.com/news/2019/02/14/brookfield-asset-management-inc-bam-holdings-cut-by-bank-of-montreal-can.html.

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.

See Also: The components of the Stochastic Momentum Index

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

Receive News & Ratings for Brookfield Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply