Quadrant Capital Group LLC Has $784,000 Stock Holdings in Brookfield Asset Management Inc (NYSE:BAM)

Quadrant Capital Group LLC increased its holdings in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 51.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,436 shares of the financial services provider’s stock after purchasing an additional 5,600 shares during the period. Quadrant Capital Group LLC’s holdings in Brookfield Asset Management were worth $784,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Confluence Investment Management LLC increased its holdings in shares of Brookfield Asset Management by 1.3% during the second quarter. Confluence Investment Management LLC now owns 781,643 shares of the financial services provider’s stock worth $37,347,000 after buying an additional 9,803 shares in the last quarter. Waratah Capital Advisors Ltd. increased its holdings in shares of Brookfield Asset Management by 300.5% during the second quarter. Waratah Capital Advisors Ltd. now owns 253,327 shares of the financial services provider’s stock worth $12,127,000 after buying an additional 190,076 shares in the last quarter. Huntington National Bank acquired a new stake in shares of Brookfield Asset Management during the second quarter worth approximately $48,000. Whittier Trust Co. increased its holdings in shares of Brookfield Asset Management by 8.3% during the second quarter. Whittier Trust Co. now owns 7,198 shares of the financial services provider’s stock worth $344,000 after buying an additional 554 shares in the last quarter. Finally, Sather Financial Group Inc increased its holdings in shares of Brookfield Asset Management by 1.3% during the second quarter. Sather Financial Group Inc now owns 496,346 shares of the financial services provider’s stock worth $23,715,000 after buying an additional 6,271 shares in the last quarter. 60.83% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Brookfield Asset Management In sold 1,900,000 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $23.75, for a total transaction of $45,125,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Several analysts have recently weighed in on BAM shares. BMO Capital Markets reaffirmed a “buy” rating on shares of Brookfield Asset Management in a report on Friday, April 5th. Citigroup increased their price target on shares of Brookfield Asset Management from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, TD Securities increased their price target on shares of Brookfield Asset Management from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Six investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $54.00.

Shares of BAM traded down $0.29 during mid-day trading on Friday, hitting $49.02. 1,693,536 shares of the company traded hands, compared to its average volume of 1,056,800. Brookfield Asset Management Inc has a one year low of $36.58 and a one year high of $49.79. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. The business has a 50-day simple moving average of $48.44. The stock has a market capitalization of $48.77 billion, a PE ratio of 15.41 and a beta of 1.12.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings results on Thursday, May 9th. The financial services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Brookfield Asset Management had a net margin of 5.63% and a return on equity of 3.86%. The business had revenue of $15.21 billion for the quarter, compared to analysts’ expectations of $12.35 billion. During the same period in the prior year, the firm earned $1.16 earnings per share.

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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