Marathon Asset Management LLP increased its stake in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,176,770 shares of the financial services provider’s stock after purchasing an additional 28,421 shares during the period. Brookfield Asset Management makes up approximately 2.1% of Marathon Asset Management LLP’s portfolio, making the stock its 11th biggest holding. Marathon Asset Management LLP owned approximately 0.33% of Brookfield Asset Management worth $138,757,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. QS Investors LLC boosted its stake in 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 worth $110,000 after buying an additional 1,150 shares in the last quarter. Veritas Investment Management UK Ltd purchased a new stake in Brookfield Asset Management in the third quarter worth approximately $149,000. Atlantic Trust LLC purchased a new stake in Brookfield Asset Management in the second quarter worth approximately $191,000. Cortland Associates Inc. MO purchased a new stake in Brookfield Asset Management in the third quarter worth approximately $209,000. Finally, Harbour Capital Advisors LLC purchased a new stake in Brookfield Asset Management in the third quarter worth approximately $244,000. Institutional investors own 54.44% of the company’s stock.
BAM has been the subject of several research reports. Royal Bank of Canada upped their target price on Brookfield Asset Management from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Scotiabank upped their target price on Brookfield Asset Management from $44.75 to $45.50 and gave the stock an “outperform” rating in a research note on Friday, November 10th. ValuEngine lowered Brookfield Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, September 30th. TheStreet lowered Brookfield Asset Management from a “b” rating to a “c+” rating in a research note on Thursday, November 16th. Finally, Canaccord Genuity reaffirmed 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $47.00.
Shares of Brookfield Asset Management Inc (NYSE:BAM) traded up $0.31 on Wednesday, reaching $42.99. The company’s stock had a trading volume of 484,932 shares, compared to its average volume of 1,139,370. The stock has a market capitalization of $41,013.32, a price-to-earnings ratio of 95.54 and a beta of 1.04. Brookfield Asset Management Inc has a 1-year low of $33.51 and a 1-year high of $44.33. 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 (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.20 earnings per share for the quarter. The firm had revenue of $15.40 billion during the quarter. Brookfield Asset Management had a return on equity of 0.86% and a net margin of 1.70%.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, November 30th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, November 29th. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.14. Brookfield Asset Management’s dividend payout ratio is 124.45%.
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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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