Brookfield Asset Management Inc (BAM) Stake Increased by Karpas Strategies LLC

Karpas Strategies LLC grew its holdings in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 262,210 shares of the financial services provider’s stock after buying an additional 1,275 shares during the quarter. Brookfield Asset Management accounts for approximately 4.8% of Karpas Strategies LLC’s holdings, making the stock its 4th biggest holding. Karpas Strategies LLC’s holdings in Brookfield Asset Management were worth $10,829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Brookfield Asset Management by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 25,353,413 shares of the financial services provider’s stock valued at $1,047,092,000 after purchasing an additional 172,950 shares during the last quarter. FMR LLC grew its holdings in Brookfield Asset Management by 18.9% during the 2nd quarter. FMR LLC now owns 25,066,960 shares of the financial services provider’s stock valued at $983,697,000 after purchasing an additional 3,980,816 shares during the last quarter. TD Asset Management Inc. grew its holdings in Brookfield Asset Management by 2.4% during the 2nd quarter. TD Asset Management Inc. now owns 21,728,082 shares of the financial services provider’s stock valued at $851,423,000 after purchasing an additional 518,648 shares during the last quarter. First Manhattan Co. grew its holdings in Brookfield Asset Management by 2.3% during the 2nd quarter. First Manhattan Co. now owns 16,439,611 shares of the financial services provider’s stock valued at $644,597,000 after purchasing an additional 363,367 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Brookfield Asset Management by 10.1% during the 3rd quarter. CIBC Asset Management Inc now owns 10,401,769 shares of the financial services provider’s stock valued at $428,356,000 after purchasing an additional 956,713 shares during the last quarter. Hedge funds and other institutional investors own 52.16% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Brookfield Asset Management Inc (BAM) Stake Increased by Karpas Strategies LLC” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://sportsperspectives.com/2017/11/20/brookfield-asset-management-inc-bam-stake-increased-by-karpas-strategies-llc.html.

Shares of Brookfield Asset Management Inc (NYSE:BAM) traded up $0.17 during mid-day trading on Monday, reaching $41.41. 937,200 shares of the company’s stock were exchanged, compared to its average volume of 877,030. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 1.01. The company has a market cap of $40,960.00, a P/E ratio of 92.02 and a beta of 1.06. Brookfield Asset Management Inc has a twelve month low of $32.41 and a twelve month high of $43.15.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be paid a $0.18 dividend. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Wednesday, November 29th. Brookfield Asset Management’s dividend payout ratio is currently 121.74%.

Several brokerages recently commented on BAM. TD Securities upped their price target on shares of Brookfield Asset Management from $47.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 11th. Royal Bank Of Canada upped their target price on shares of Brookfield Asset Management from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. TheStreet downgraded shares of Brookfield Asset Management from a “b” rating to a “c+” rating in a research note on Thursday. Citigroup Inc. dropped their target price on shares of Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating on the stock in a research note on Friday, November 10th. Finally, Canaccord Genuity restated a “buy” rating and issued a $47.00 target price on shares of Brookfield Asset Management in a research note on Monday, October 2nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Brookfield Asset Management has a consensus rating of “Buy” and an average price target of $47.00.

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.

Want to see what other hedge funds are holding BAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A).

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

Receive News & Ratings for Brookfield Asset Management Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply