Brookfield Asset Management Inc (BAM) Shares Sold by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. decreased its position in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 31.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,659 shares of the financial services provider’s stock after selling 44,847 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Brookfield Asset Management were worth $4,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake 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 valued at $11,858,000 after purchasing an additional 165,343 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 valued at $56,703,000 after purchasing an additional 891,996 shares in the last quarter. AQR Capital Management LLC raised its stake in Brookfield Asset Management by 43.5% in the third quarter. AQR Capital Management LLC now owns 17,548 shares of the financial services provider’s stock valued at $780,000 after purchasing an additional 5,321 shares in the last quarter. Vanguard Group Inc raised its stake in Brookfield Asset Management by 2.9% in the third quarter. Vanguard Group Inc now owns 21,512,690 shares of the financial services provider’s stock valued at $957,960,000 after purchasing an additional 607,328 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in Brookfield Asset Management by 498.1% in the fourth quarter. Chicago Partners Investment Group LLC now owns 6,292 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 5,240 shares during the last quarter. Institutional investors own 62.15% of the company’s stock.

Brookfield Asset Management stock opened at $47.85 on Friday. Brookfield Asset Management Inc has a 12-month low of $36.58 and a 12-month high of $48.43. 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 stock has a market capitalization of $47.57 billion, a price-to-earnings ratio of 14.56 and a beta of 1.17.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its earnings results on Thursday, May 9th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. Brookfield Asset Management had a return on equity of 3.98% and a net margin of 5.63%. The firm had revenue of $15.21 billion for the quarter, compared to analysts’ expectations of $12.35 billion. During the same quarter in the previous year, the business posted $1.16 earnings per share.

BAM has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated a “buy” rating on shares of Brookfield Asset Management in a research report on Friday, April 5th. TD Securities lifted their target price on Brookfield Asset Management from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, February 15th. Finally, Royal Bank of Canada lifted their target price on Brookfield Asset Management from $47.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, February 19th. Six analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $52.92.

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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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