Northern Trust Corp Sells 30,835 Shares of Brookfield Asset Management Inc (NYSE:BAM)

Northern Trust Corp decreased its position in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,031,543 shares of the financial services provider’s stock after selling 30,835 shares during the period. Northern Trust Corp owned approximately 0.10% of Brookfield Asset Management worth $39,560,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Csenge Advisory Group purchased a new stake in shares of Brookfield Asset Management during the third quarter valued at about $62,000. SeaBridge Investment Advisors LLC lifted its position in shares of Brookfield Asset Management by 62.5% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 1,950 shares of the financial services provider’s stock valued at $75,000 after buying an additional 750 shares during the last quarter. Signet Investment Advisory Group Inc. purchased a new stake in shares of Brookfield Asset Management during the fourth quarter valued at about $88,000. Athena Capital Advisors LLC acquired a new position in shares of Brookfield Asset Management during the fourth quarter valued at about $92,000. Finally, Capital Bank & Trust Co acquired a new position in shares of Brookfield Asset Management during the third quarter valued at about $125,000. Institutional investors and hedge funds own 62.22% of the company’s stock.

Several equities analysts have recently issued reports on BAM shares. Credit Suisse Group set a $50.00 price objective on shares of Brookfield Asset Management and gave the company a “buy” rating in a report on Sunday, December 23rd. TD Securities upped their price objective on shares of Brookfield Asset Management from $57.00 to $62.00 and gave the company a “buy” rating in a report on Friday, February 15th. Royal Bank of Canada upped their price objective on shares of Brookfield Asset Management from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, February 19th. Finally, BMO Capital Markets restated a “buy” rating on shares of Brookfield Asset Management in a report on Friday, April 5th. Six investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $52.75.

NYSE:BAM traded up $0.59 during midday trading on Monday, hitting $48.01. The company’s stock had a trading volume of 1,597,400 shares, compared to its average volume of 1,361,676. Brookfield Asset Management Inc has a fifty-two week low of $36.58 and a fifty-two week high of $48.10. The company has a current ratio of 1.30, a quick ratio of 1.08 and a debt-to-equity ratio of 1.20. The company has a market cap of $45.33 billion, a PE ratio of 13.70 and a beta of 1.18.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings results on Thursday, February 14th. The financial services provider reported $1.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $1.72. The company had revenue of $16.01 billion for the quarter. Brookfield Asset Management had a net margin of 6.31% and a return on equity of 4.36%. Brookfield Asset Management’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS.

TRADEMARK VIOLATION NOTICE: “Northern Trust Corp Sells 30,835 Shares of Brookfield Asset Management Inc (NYSE:BAM)” was originally posted by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.baseballdailydigest.com/news/2019/04/15/northern-trust-corp-sells-30835-shares-of-brookfield-asset-management-inc-bam.html.

Brookfield Asset Management Profile

Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.

Featured Article: Outstanding Shares and The Effect on Share Price

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.