Dean Capital Investments Management LLC Trims Position in Brookfield Asset Management Inc (NYSE:BAM)

Dean Capital Investments Management LLC lessened its holdings in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 16.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,776 shares of the financial services provider’s stock after selling 2,111 shares during the quarter. Dean Capital Investments Management LLC’s holdings in Brookfield Asset Management were worth $572,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BAM. Vanguard Group Inc. raised its position in shares of Brookfield Asset Management by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 23,657,467 shares of the financial services provider’s stock worth $1,130,353,000 after buying an additional 655,723 shares during the period. CIBC Asset Management Inc raised its position in Brookfield Asset Management by 3.2% in the third quarter. CIBC Asset Management Inc now owns 12,832,912 shares of the financial services provider’s stock valued at $681,521,000 after purchasing an additional 393,356 shares during the period. Beutel Goodman & Co Ltd. raised its position in Brookfield Asset Management by 3.3% in the third quarter. Beutel Goodman & Co Ltd. now owns 10,813,918 shares of the financial services provider’s stock valued at $25,005,000 after purchasing an additional 348,651 shares during the period. Mawer Investment Management Ltd. raised its position in Brookfield Asset Management by 3.3% in the second quarter. Mawer Investment Management Ltd. now owns 9,721,487 shares of the financial services provider’s stock valued at $465,982,000 after purchasing an additional 313,644 shares during the period. Finally, Great West Life Assurance Co. Can raised its position in Brookfield Asset Management by 5.5% in the third quarter. Great West Life Assurance Co. Can now owns 8,170,728 shares of the financial services provider’s stock valued at $434,988,000 after purchasing an additional 425,225 shares during the period. 58.17% of the stock is currently owned by institutional investors.

BAM has been the topic of several research reports. Canaccord Genuity set a $62.00 price objective on Brookfield Asset Management and gave the company a “buy” rating in a research report on Friday, September 27th. BMO Capital Markets raised their target price on Brookfield Asset Management from $55.00 to $59.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Citigroup raised their target price on Brookfield Asset Management from $56.00 to $62.50 and gave the company a “buy” rating in a research note on Friday, September 27th. TD Securities raised their target price on Brookfield Asset Management from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada raised their target price on Brookfield Asset Management from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $59.92.

Shares of Brookfield Asset Management stock traded down $0.01 during trading hours on Tuesday, hitting $56.99. 119,330 shares of the company’s stock traded hands, compared to its average volume of 1,197,737. The company has a market cap of $59.08 billion, a PE ratio of 19.31 and a beta of 1.05. Brookfield Asset Management Inc has a twelve month low of $36.58 and a twelve month high of $57.07. The stock has a 50 day simple moving average of $53.69 and a 200-day simple moving average of $50.23. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 1.29.

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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