Sather Financial Group Inc Grows Holdings in Brookfield Asset Management (NYSE:BAM)

Sather Financial Group Inc boosted its holdings in shares of Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 281,299 shares of the financial services provider’s stock after acquiring an additional 1,331 shares during the quarter. Brookfield Asset Management accounts for about 3.1% of Sather Financial Group Inc’s portfolio, making the stock its 14th largest position. Sather Financial Group Inc’s holdings in Brookfield Asset Management were worth $12,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Personal Financial Services bought a new stake in shares of Brookfield Asset Management in the 4th quarter valued at $107,000. Calton & Associates Inc. bought a new stake in shares of Brookfield Asset Management in the 4th quarter valued at $118,000. Moors & Cabot Inc. bought a new stake in shares of Brookfield Asset Management in the 4th quarter valued at $209,000. Palladium Partners LLC bought a new stake in shares of Brookfield Asset Management in the 4th quarter valued at $224,000. Finally, Arthur M. Cohen & Associates LLC bought a new stake in shares of Brookfield Asset Management in the 4th quarter valued at $243,000. 55.34% of the stock is currently owned by hedge funds and other institutional investors.

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BAM has been the topic of a number of analyst reports. Scotiabank upped their price objective on shares of Brookfield Asset Management from $45.50 to $48.50 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. TheStreet raised shares of Brookfield Asset Management from a “c+” rating to a “b-” rating in a research note on Thursday, December 28th. TD Securities upped their price objective on shares of Brookfield Asset Management from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Royal Bank of Canada upped their price objective on shares of Brookfield Asset Management from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Brookfield Asset Management currently has an average rating of “Buy” and a consensus price target of $48.42.

Shares of NYSE BAM opened at $38.55 on Friday. The firm has a market cap of $37,477.68, a P/E ratio of 29.44 and a beta of 1.03. Brookfield Asset Management has a 12-month low of $36.07 and a 12-month high of $44.33. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.94 and a current ratio of 1.19.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its earnings results on Thursday, February 15th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $1.13. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $5.31 billion. Brookfield Asset Management had a net margin of 3.58% and a return on equity of 2.02%. Brookfield Asset Management’s revenue was up 88.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Wednesday, February 28th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.56%. The ex-dividend date was Tuesday, February 27th.

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Brookfield Asset Management Company Profile

Brookfield Asset Management Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. Its property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services.

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

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