Laurel Wealth Advisors Inc. Has $255,000 Stake in Brookfield Asset Management Inc (BAM)

Laurel Wealth Advisors Inc. maintained its position in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,504 shares of the financial services provider’s stock at the end of the 2nd quarter. Laurel Wealth Advisors Inc.’s holdings in Brookfield Asset Management were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. Cidel Asset Management Inc. boosted its holdings in Brookfield Asset Management by 0.3% in the second quarter. Cidel Asset Management Inc. now owns 10,540 shares of the financial services provider’s stock valued at $413,000 after acquiring an additional 35 shares in the last quarter. M&T Bank Corp boosted its holdings in Brookfield Asset Management by 0.4% in the second quarter. M&T Bank Corp now owns 8,325 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 35 shares in the last quarter. Signaturefd LLC boosted its holdings in Brookfield Asset Management by 0.5% in the first quarter. Signaturefd LLC now owns 9,975 shares of the financial services provider’s stock valued at $364,000 after acquiring an additional 45 shares in the last quarter. Prospera Financial Services Inc boosted its holdings in Brookfield Asset Management by 1.9% in the second quarter. Prospera Financial Services Inc now owns 9,931 shares of the financial services provider’s stock valued at $389,000 after acquiring an additional 181 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Brookfield Asset Management by 4.7% in the second quarter. Fisher Asset Management LLC now owns 6,163 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 277 shares in the last quarter. Institutional investors and hedge funds own 53.73% of the company’s stock.

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Shares of Brookfield Asset Management Inc (BAM) traded up 0.6857% during mid-day trading on Wednesday, hitting $42.5699. 125,572 shares of the stock were exchanged. The firm has a market cap of $39.57 billion, a P/E ratio of 33.5196 and a beta of 1.04. The stock’s 50 day moving average is $40.18 and its 200 day moving average is $38.62. Brookfield Asset Management Inc has a 12 month low of $32.04 and a 12 month high of $42.61.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Thursday, August 10th. The financial services provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.28). Brookfield Asset Management had a net margin of 4.87% and a return on equity of 2.10%. The company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $5.27 billion. During the same period in the previous year, the business earned $0.15 EPS. Brookfield Asset Management’s revenue for the quarter was up 58.1% compared to the same quarter last year. Analysts expect that Brookfield Asset Management Inc will post $0.84 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, August 29th. Brookfield Asset Management’s dividend payout ratio is presently 43.75%.

Several analysts recently weighed in on BAM shares. BidaskClub upgraded shares of Brookfield Asset Management from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Royal Bank Of Canada restated a “buy” rating and set a $42.00 target price on shares of Brookfield Asset Management in a report on Tuesday, June 20th. Keefe, Bruyette & Woods restated a “buy” rating and set a $45.00 target price on shares of Brookfield Asset Management in a report on Friday, July 14th. Citigroup Inc. boosted their target price on shares of Brookfield Asset Management from $45.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. Finally, ValuEngine cut shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $45.92.

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.

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

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