Cedar Hill Associates LLC decreased its stake in shares of Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 333,963 shares of the financial services provider’s stock after selling 18,200 shares during the period. Brookfield Asset Management comprises 2.5% of Cedar Hill Associates LLC’s portfolio, making the stock its 6th largest holding. Cedar Hill Associates LLC’s holdings in Brookfield Asset Management were worth $14,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Sather Financial Group Inc increased its holdings in Brookfield Asset Management by 0.5% during the fourth quarter. Sather Financial Group Inc now owns 281,299 shares of the financial services provider’s stock valued at $12,248,000 after buying an additional 1,331 shares during the last quarter. FDx Advisors Inc. increased its holdings in Brookfield Asset Management by 3.6% during the fourth quarter. FDx Advisors Inc. now owns 38,443 shares of the financial services provider’s stock valued at $1,674,000 after buying an additional 1,336 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Brookfield Asset Management by 1.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 117,639 shares of the financial services provider’s stock valued at $4,860,000 after buying an additional 1,348 shares during the last quarter. Candriam Luxembourg S.C.A. increased its holdings in Brookfield Asset Management by 2.3% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 61,747 shares of the financial services provider’s stock valued at $2,697,000 after buying an additional 1,405 shares during the last quarter. Finally, Blue Fin Capital Inc. increased its holdings in Brookfield Asset Management by 14.3% during the fourth quarter. Blue Fin Capital Inc. now owns 11,745 shares of the financial services provider’s stock valued at $511,000 after buying an additional 1,465 shares during the last quarter. Institutional investors own 55.32% of the company’s stock.

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Shares of Brookfield Asset Management stock opened at $39.94 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.19 and a quick ratio of 0.94. The stock has a market cap of $37,914.54, a price-to-earnings ratio of 29.71 and a beta of 1.02. Brookfield Asset Management has a 52 week low of $35.30 and a 52 week high of $44.33.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $1.13. The firm had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $5.31 billion. Brookfield Asset Management had a net margin of 3.58% and a return on equity of 2.02%. The company’s revenue for the quarter was up 88.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Wednesday, February 28th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.50%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 45.11%.

A number of analysts have commented on the stock. TheStreet raised shares of Brookfield Asset Management from a “c+” rating to a “b-” rating in a report on Thursday, December 28th. Royal Bank of Canada upped their target price on shares of Brookfield Asset Management from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, February 16th. TD Securities upped their target price on shares of Brookfield Asset Management from $52.00 to $54.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Scotiabank increased their price objective on shares of Brookfield Asset Management from $45.50 to $48.50 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $48.33.

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About Brookfield Asset Management

Brookfield Asset Management Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. Its property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services.

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

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