Cedar Hill Associates LLC lowered its stake in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 359,813 shares of the financial services provider’s stock after selling 14,965 shares during the period. Brookfield Asset Management accounts for approximately 2.9% of Cedar Hill Associates LLC’s portfolio, making the stock its 5th largest holding. Cedar Hill Associates LLC’s holdings in Brookfield Asset Management were worth $14,108,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BAM. Partners Value Investments LP purchased a new stake in shares of Brookfield Asset Management during the first quarter worth $222,335,000. FMR LLC lifted its position in shares of Brookfield Asset Management by 18.9% during the second quarter. FMR LLC now owns 25,066,960 shares of the financial services provider’s stock worth $983,697,000 after acquiring an additional 3,980,816 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Brookfield Asset Management by 58.7% during the second quarter. CIBC Asset Management Inc now owns 9,445,056 shares of the financial services provider’s stock worth $370,221,000 after acquiring an additional 3,491,780 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Brookfield Asset Management by 212.0% during the second quarter. Canada Pension Plan Investment Board now owns 2,758,937 shares of the financial services provider’s stock worth $108,110,000 after acquiring an additional 1,874,577 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Brookfield Asset Management by 306.2% during the second quarter. Russell Investments Group Ltd. now owns 2,220,656 shares of the financial services provider’s stock worth $86,913,000 after acquiring an additional 1,673,944 shares in the last quarter. Hedge funds and other institutional investors own 53.73% of the company’s stock.

Several equities research analysts have issued reports on the company. TD Securities increased their target price on Brookfield Asset Management from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. Royal Bank Of Canada increased their target price on Brookfield Asset Management from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. BidaskClub upgraded Brookfield Asset Management from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Canaccord Genuity restated a “buy” rating and set a $42.00 target price on shares of Brookfield Asset Management in a research report on Friday, August 11th. Finally, Scotiabank increased their target price on Brookfield Asset Management from $41.75 to $42.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $43.56.

Brookfield Asset Management Inc (NYSE BAM) traded down 0.17% on Friday, hitting $40.64. 477,438 shares of the stock traded hands. Brookfield Asset Management Inc has a 52-week low of $32.04 and a 52-week high of $40.93. The company’s 50 day moving average price is $39.10 and its 200-day moving average price is $38.06. 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 released its earnings results on Thursday, August 10th. The financial services provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.28). Brookfield Asset Management had a net margin of 4.87% and a return on equity of 2.10%. The firm had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $5.27 billion. During the same quarter last year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 58.1% compared to the same quarter last year. On average, analysts forecast that Brookfield Asset Management Inc will post $1.18 earnings per share for the current fiscal year.

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

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Brookfield Asset Management 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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