Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) was the recipient of unusually large options trading activity on Wednesday. Investors bought 1,012 call options on the company. This represents an increase of approximately Infinity compared to the typical volume of 0 call options.

Shares of Brookfield Asset Management (BAM) opened at $41.41 on Friday. The firm has a market cap of $40,840.00, a P/E ratio of 91.91 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 has a fifty-two week low of $32.41 and a fifty-two week high of $43.15.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders 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. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.72 annualized dividend and a dividend yield of 1.74%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 121.74%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. QS Investors LLC increased its holdings in shares of Brookfield Asset Management by 69.8% in the second quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 1,150 shares in the last quarter. Veritas Investment Management UK Ltd acquired a new stake in shares of Brookfield Asset Management in the third quarter valued at approximately $149,000. Atlantic Trust LLC acquired a new stake in shares of Brookfield Asset Management in the second quarter valued at approximately $191,000. Visionary Asset Management Inc. acquired a new stake in shares of Brookfield Asset Management in the second quarter valued at approximately $201,000. Finally, HM Payson & Co. acquired a new stake in shares of Brookfield Asset Management in the second quarter valued at approximately $203,000. 52.06% of the stock is owned by institutional investors.

A number of research analysts have commented on BAM shares. Royal Bank Of Canada raised their price target on shares of Brookfield Asset Management from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. TD Securities raised their price target on shares of Brookfield Asset Management from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. Scotiabank raised their price target on shares of Brookfield Asset Management from $41.75 to $42.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Citigroup Inc. raised their price target on shares of Brookfield Asset Management from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Finally, Canaccord Genuity restated a “buy” rating and set a $42.00 price target on shares of Brookfield Asset Management in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.00.

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About Brookfield Asset Management

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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