Brookfield Asset Management Inc (NYSE:BAM) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB increased its holdings in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 8.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,748 shares of the financial services provider’s stock after purchasing an additional 3,179 shares during the quarter. Nordea Investment Management AB’s holdings in Brookfield Asset Management were worth $2,114,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BAM. Bank of New York Mellon Corp increased its holdings in Brookfield Asset Management by 18.7% in the third quarter. Bank of New York Mellon Corp now owns 1,404,695 shares of the financial services provider’s stock worth $62,553,000 after purchasing an additional 221,526 shares in the last quarter. CI Investments Inc. boosted its position in Brookfield Asset Management by 36.1% in the third quarter. CI Investments Inc. now owns 7,818,294 shares of the financial services provider’s stock worth $348,149,000 after purchasing an additional 2,073,678 shares during the last quarter. Blue Fin Capital Inc. boosted its position in Brookfield Asset Management by 102.8% in the third quarter. Blue Fin Capital Inc. now owns 34,265 shares of the financial services provider’s stock worth $1,526,000 after purchasing an additional 17,370 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Brookfield Asset Management by 163.8% in the third quarter. Dimensional Fund Advisors LP now owns 266,294 shares of the financial services provider’s stock worth $11,858,000 after purchasing an additional 165,343 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Brookfield Asset Management by 233.9% in the third quarter. JPMorgan Chase & Co. now owns 1,273,404 shares of the financial services provider’s stock worth $56,703,000 after purchasing an additional 891,996 shares during the last quarter. 64.69% of the stock is owned by institutional investors and hedge funds.

Shares of Brookfield Asset Management stock traded down $0.21 during trading on Wednesday, hitting $47.75. 75,030 shares of the stock traded hands, compared to its average volume of 1,519,217. 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 firm has a market capitalization of $47.53 billion, a PE ratio of 13.96 and a beta of 1.18. Brookfield Asset Management Inc has a 52 week low of $36.58 and a 52 week high of $48.25.

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

A number of brokerages have recently commented on BAM. BMO Capital Markets reaffirmed a “buy” rating on shares of Brookfield Asset Management in a research report on Friday, April 5th. Royal Bank of Canada upped their target price on Brookfield Asset Management from $47.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 19th. TD Securities upped their target price on Brookfield Asset Management from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, February 15th. Finally, Credit Suisse Group set a $50.00 target price on Brookfield Asset Management and gave the stock a “buy” rating in a research note on Sunday, December 30th. Six investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $52.75.

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Brookfield Asset Management Company 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.

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

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