LGT Capital Partners LTD. grew its position in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 5.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 412,020 shares of the financial services provider’s stock after purchasing an additional 20,000 shares during the period. Brookfield Asset Management accounts for about 1.4% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 27th largest position. LGT Capital Partners LTD.’s holdings in Brookfield Asset Management were worth $19,203,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc boosted its stake in shares of Brookfield Asset Management by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 21,512,690 shares of the financial services provider’s stock worth $957,960,000 after purchasing an additional 607,328 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Brookfield Asset Management by 36.0% during the 4th quarter. Mackenzie Financial Corp now owns 12,258,486 shares of the financial services provider’s stock worth $470,113,000 after purchasing an additional 3,244,827 shares during the last quarter. Jarislowsky Fraser Ltd boosted its stake in shares of Brookfield Asset Management by 62.6% during the 4th quarter. Jarislowsky Fraser Ltd now owns 10,478,325 shares of the financial services provider’s stock worth $401,395,000 after purchasing an additional 4,033,441 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of Brookfield Asset Management by 1.0% during the 4th quarter. Mawer Investment Management Ltd. now owns 9,301,933 shares of the financial services provider’s stock worth $358,621,000 after purchasing an additional 92,667 shares during the last quarter. Finally, CI Investments Inc. boosted its stake in shares of Brookfield Asset Management by 13.3% during the 4th quarter. CI Investments Inc. now owns 8,855,710 shares of the financial services provider’s stock worth $339,616,000 after purchasing an additional 1,037,416 shares during the last quarter. 62.22% of the stock is currently owned by institutional investors.

Shares of BAM traded down $0.11 during mid-day trading on Thursday, hitting $47.19. The company had a trading volume of 209,085 shares, compared to its average volume of 2,064,207. 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 Inc has a 1-year low of $36.58 and a 1-year high of $47.64. The stock has a market capitalization of $45.21 billion, a PE ratio of 13.66 and a beta of 1.18.

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 Thomson Reuters’ consensus estimate of $0.15 by $1.72. Brookfield Asset Management had a net margin of 6.31% and a return on equity of 4.36%. The business had revenue of $16.01 billion for the quarter. During the same period in the prior year, the business posted $1.28 earnings per share. Brookfield Asset Management’s revenue was up 22.5% on a year-over-year basis.

Several equities research analysts have issued reports on the stock. Credit Suisse Group set a $50.00 price target on shares of Brookfield Asset Management and gave the stock a “buy” rating in a research note on Sunday, December 23rd. TD Securities raised their target price on shares of Brookfield Asset Management from $57.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, February 15th. BMO Capital Markets reissued a “buy” rating on shares of Brookfield Asset Management in a research report on Friday, April 5th. Finally, Royal Bank of Canada raised their target price on shares of Brookfield Asset Management from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 19th. Six analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $52.75.

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About Brookfield Asset Management

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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