PDT Partners LLC lessened its holdings in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,301 shares of the financial services provider’s stock after selling 888 shares during the quarter. PDT Partners LLC’s holdings in Brookfield Asset Management were worth $1,854,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. QS Investors LLC lifted its holdings in Brookfield Asset Management by 69.8% during the 2nd quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock worth $110,000 after buying an additional 1,150 shares during the last quarter. Visionary Asset Management Inc. bought a new position in Brookfield Asset Management during the 2nd quarter worth approximately $201,000. HM Payson & Co. bought a new position in Brookfield Asset Management during the 2nd quarter worth approximately $203,000. Bronfman E.L. Rothschild L.P. lifted its holdings in Brookfield Asset Management by 112.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,176 shares of the financial services provider’s stock worth $203,000 after buying an additional 2,738 shares during the last quarter. Finally, Checchi Capital Advisers LLC bought a new position in Brookfield Asset Management during the 2nd quarter worth approximately $208,000. Hedge funds and other institutional investors own 53.73% of the company’s stock.

Brookfield Asset Management Inc (BAM) opened at 42.18 on Thursday. The company has a market cap of $40.44 billion, a P/E ratio of 32.72 and a beta of 1.04. Brookfield Asset Management Inc has a 12-month low of $32.04 and a 12-month high of $42.29. The firm’s 50-day moving average price is $39.83 and its 200-day moving average price is $38.42.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Thursday, August 10th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.28). The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $5.27 billion. Brookfield Asset Management had a net margin of 4.87% and a return on equity of 2.10%. The company’s revenue for the quarter was up 58.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 earnings per share. 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 was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Tuesday, August 29th. Brookfield Asset Management’s dividend payout ratio is 43.75%.

A number of research firms have commented on BAM. BidaskClub downgraded Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Brookfield Asset Management in a report on Thursday, September 28th. Canaccord Genuity reaffirmed a “buy” rating and set a $47.00 target price on shares of Brookfield Asset Management in a report on Monday. ValuEngine downgraded Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Finally, Citigroup Inc. increased their target price on Brookfield Asset Management from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, August 15th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Brookfield Asset Management presently has a consensus rating of “Buy” and a consensus target price of $44.50.

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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.

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

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