Culbertson A N & Co. Inc. decreased its position in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,919 shares of the financial services provider’s stock after selling 1,460 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in Brookfield Asset Management were worth $3,588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Brookfield Asset Management by 2.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,502 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 279 shares in the last quarter. Lourd Capital LLC increased its stake in shares of Brookfield Asset Management by 5.0% in the 4th quarter. Lourd Capital LLC now owns 5,939 shares of the financial services provider’s stock valued at $228,000 after buying an additional 282 shares during the period. First Personal Financial Services increased its stake in shares of Brookfield Asset Management by 9.4% in the 4th quarter. First Personal Financial Services now owns 3,417 shares of the financial services provider’s stock valued at $131,000 after buying an additional 293 shares during the period. Cortland Associates Inc. MO grew its stake in shares of Brookfield Asset Management by 6.2% during the fourth quarter. Cortland Associates Inc. MO now owns 5,377 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 315 shares during the period. Finally, LVW Advisors LLC grew its stake in shares of Brookfield Asset Management by 4.9% during the fourth quarter. LVW Advisors LLC now owns 7,998 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 371 shares during the period. Hedge funds and other institutional investors own 64.69% of the company’s stock.

A number of research analysts have issued reports on BAM shares. TD Securities boosted their target price on Brookfield Asset Management from $57.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, February 15th. Credit Suisse Group set a $50.00 target price on Brookfield Asset Management and gave the company a “buy” rating in a research note on Sunday, December 30th. BMO Capital Markets reissued a “buy” rating on shares of Brookfield Asset Management in a research note on Friday, April 5th. Finally, Royal Bank of Canada boosted their target price on Brookfield Asset Management from $47.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. Six research analysts have rated the stock with a buy rating, Brookfield Asset Management has an average rating of “Buy” and a consensus price target of $52.75.

BAM traded down $0.36 on Wednesday, hitting $47.60. 65,080 shares of the company were exchanged, compared to its average volume of 1,519,217. Brookfield Asset Management Inc has a 12 month low of $36.58 and a 12 month high of $48.25. The firm has a market capitalization of $47.53 billion, a PE ratio of 13.96 and a beta of 1.18. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.08 and a current ratio of 1.30.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its earnings results on Thursday, February 14th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $1.72. Brookfield Asset Management had a return on equity of 4.36% and a net margin of 6.31%. The business had revenue of $16.01 billion for the quarter. During the same quarter in the previous year, the company posted $1.28 EPS. The business’s revenue was up 22.5% on a year-over-year basis.

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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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