Brookfield Asset Management Inc (BAM) Position Increased by Fmr LLC

Fmr LLC increased its holdings in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,231,381 shares of the financial services provider’s stock after buying an additional 79,741 shares during the quarter. Fmr LLC owned 0.12% of Brookfield Asset Management worth $47,195,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BAM. YorkBridge Wealth Partners LLC lifted its position in shares of Brookfield Asset Management by 116.0% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 838 shares of the financial services provider’s stock worth $32,000 after buying an additional 450 shares during the last quarter. Csenge Advisory Group bought a new stake in shares of Brookfield Asset Management during the 3rd quarter worth $62,000. SeaBridge Investment Advisors LLC lifted its position in shares of Brookfield Asset Management by 62.5% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 1,950 shares of the financial services provider’s stock worth $75,000 after buying an additional 750 shares during the last quarter. Signet Investment Advisory Group Inc. bought a new stake in shares of Brookfield Asset Management during the 4th quarter worth $88,000. Finally, Athena Capital Advisors LLC bought a new stake in shares of Brookfield Asset Management during the 4th quarter worth $92,000. Institutional investors and hedge funds own 64.69% of the company’s stock.

Brookfield Asset Management stock opened at $47.57 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.30 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $47.53 billion, a price-to-earnings ratio of 13.96 and a beta of 1.18. Brookfield Asset Management Inc has a 12 month low of $36.58 and a 12 month high of $48.25.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Thursday, February 14th. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $0.15 by $1.72. The firm had revenue of $16.01 billion during the quarter. Brookfield Asset Management had a return on equity of 4.36% and a net margin of 6.31%. Brookfield Asset Management’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 earnings per share.

Several analysts recently weighed in on the company. Credit Suisse Group set a $50.00 price objective on Brookfield Asset Management and gave the stock a “buy” rating in a research report on Sunday, December 23rd. TD Securities upped their price objective on 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 restated a “buy” rating on shares of Brookfield Asset Management in a research report on Friday, April 5th. Finally, Royal Bank of Canada upped their price objective on 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 research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $52.75.

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Brookfield Asset Management Profile

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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