Bluestein R H & Co. continued to hold its position in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,000 shares of the financial services provider’s stock at the end of the 2nd quarter. Bluestein R H & Co.’s holdings in Brookfield Asset Management were worth $392,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Partners Value Investments LP purchased a new stake in Brookfield Asset Management in the 1st quarter valued at approximately $222,335,000. FMR LLC lifted its stake in Brookfield Asset Management by 18.9% in the 2nd quarter. FMR LLC now owns 25,066,960 shares of the financial services provider’s stock valued at $983,697,000 after buying an additional 3,980,816 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Brookfield Asset Management by 58.7% in the 2nd quarter. CIBC Asset Management Inc now owns 9,445,056 shares of the financial services provider’s stock valued at $370,221,000 after buying an additional 3,491,780 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Brookfield Asset Management by 212.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,758,937 shares of the financial services provider’s stock valued at $108,110,000 after buying an additional 1,874,577 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Brookfield Asset Management by 306.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,220,656 shares of the financial services provider’s stock valued at $86,913,000 after buying an additional 1,673,944 shares in the last quarter. Institutional investors and hedge funds own 53.73% of the company’s stock.

Brookfield Asset Management Inc (NYSE:BAM) opened at 40.64 on Monday. The firm’s 50 day moving average price is $39.10 and its 200-day moving average price is $38.06. Brookfield Asset Management Inc has a 52 week low of $32.04 and a 52 week high of $40.93. The stock has a market cap of $38.96 billion, a price-to-earnings ratio of 31.53 and a beta of 1.03.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings results on Thursday, August 10th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.28). The business had revenue of $9.44 billion during the quarter, compared to analyst estimates of $5.27 billion. Brookfield Asset Management had a return on equity of 2.10% and a net margin of 4.87%. The company’s quarterly revenue was up 58.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 EPS. Analysts expect that Brookfield Asset Management Inc will post $1.18 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Tuesday, August 29th. Brookfield Asset Management’s dividend payout ratio is 43.75%.

A number of research firms recently issued reports on BAM. TD Securities upped their target price on Brookfield Asset Management from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Royal Bank Of Canada upped their target price on Brookfield Asset Management from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. BidaskClub raised Brookfield Asset Management from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Canaccord Genuity reaffirmed a “buy” rating and issued a $42.00 target price on shares of Brookfield Asset Management in a research note on Friday, August 11th. Finally, Scotiabank upped their target price on Brookfield Asset Management from $41.75 to $42.50 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $43.56.

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Brookfield Asset Management Company Profile

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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