Alps Advisors Inc. cut its stake in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 8.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 229,300 shares of the financial services provider’s stock after selling 20,159 shares during the period. Alps Advisors Inc.’s holdings in Brookfield Asset Management were worth $9,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of BAM. First Personal Financial Services purchased a new stake in shares of Brookfield Asset Management in the fourth quarter valued at approximately $107,000. QS Investors LLC grew its position in shares of Brookfield Asset Management by 69.8% in the second quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 1,150 shares in the last quarter. Calton & Associates Inc. purchased a new stake in shares of Brookfield Asset Management in the fourth quarter valued at approximately $118,000. Veritas Investment Management UK Ltd purchased a new stake in shares of Brookfield Asset Management in the third quarter valued at approximately $149,000. Finally, Atlantic Trust LLC purchased a new stake in shares of Brookfield Asset Management in the second quarter valued at approximately $191,000. Institutional investors and hedge funds own 54.10% of the company’s stock.

A number of equities research analysts have recently issued reports on BAM shares. Scotiabank upped their price target on Brookfield Asset Management from $42.75 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 11th. Citigroup dropped their price target on Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating for the company in a research report on Friday, November 10th. Royal Bank of Canada upped their price target on Brookfield Asset Management from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, TheStreet lowered Brookfield Asset Management from a “b” rating to a “c+” rating in a research report on Thursday, November 16th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Brookfield Asset Management has an average rating of “Buy” and a consensus price target of $47.00.

Brookfield Asset Management Inc (NYSE:BAM) opened at $39.16 on Thursday. Brookfield Asset Management Inc has a twelve month low of $35.12 and a twelve month high of $44.33. The company has a market capitalization of $38,820.00, a P/E ratio of 85.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 1.01.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.20 EPS for the quarter. Brookfield Asset Management had a return on equity of 0.86% and a net margin of 1.70%. The firm had revenue of $15.40 billion for the quarter.

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About Brookfield Asset Management

Brookfield Asset Management Inc is an alternative asset manager. The Company operates in eight segments. The Asset Management segment manages its listed partnerships, private funds and public markets on behalf of its clients. The Property segment includes the ownership, operation and development of office, retail and other properties.

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

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