Parkside Investments LLC decreased its position in shares of Brookfield Asset Management Inc (NYSE:BAM) by 10.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 106,857 shares of the company’s stock after selling 11,920 shares during the period. Brookfield Asset Management accounts for approximately 2.5% of Parkside Investments LLC’s portfolio, making the stock its 7th largest holding. Parkside Investments LLC’s holdings in Brookfield Asset Management were worth $4,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BAM. QS Investors LLC lifted its stake in shares of Brookfield Asset Management by 69.8% during the second quarter. QS Investors LLC now owns 2,798 shares of the company’s stock valued at $110,000 after buying an additional 1,150 shares during the period. Veritas Investment Management UK Ltd purchased a new position in Brookfield Asset Management during the third quarter worth approximately $149,000. Atlantic Trust LLC purchased a new position in Brookfield Asset Management during the second quarter worth approximately $191,000. Visionary Asset Management Inc. purchased a new position in Brookfield Asset Management during the second quarter worth approximately $201,000. Finally, HM Payson & Co. purchased a new position in Brookfield Asset Management during the second quarter worth approximately $203,000. 52.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of Brookfield Asset Management Inc (NYSE BAM) traded up $0.18 during mid-day trading on Monday, reaching $42.20. 574,317 shares of the company’s stock traded hands, compared to its average volume of 879,280. The firm has a market cap of $41,610.00, a price-to-earnings ratio of 93.38 and a beta of 1.06. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.01 and a current ratio of 1.29. Brookfield Asset Management Inc has a 52 week low of $32.04 and a 52 week high of $43.15.

Brookfield Asset Management (NYSE:BAM) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.28). The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $5.27 billion. Brookfield Asset Management had a return on equity of 0.86% and a net margin of 1.70%. Brookfield Asset Management’s revenue was up 58.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.18 per share. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 1.71%. The ex-dividend date is Wednesday, November 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 121.74%.

Several equities research analysts have recently issued reports on the stock. TD Securities increased their price objective on shares of 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 price objective on shares of Brookfield Asset Management from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Citigroup Inc. dropped their price objective on shares of Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating for the company in a research report on Friday. Canaccord Genuity reissued a “buy” rating and issued a $47.00 price objective on shares of Brookfield Asset Management in a research report on Monday, October 2nd. Finally, BidaskClub lowered shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Brookfield Asset Management currently has a consensus rating of “Buy” and an average target price of $47.00.

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Brookfield Asset Management Company 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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