Dynamic Technology Lab Private Ltd Invests $598,000 in Brookfield Asset Management Inc (BAM)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,490 shares of the financial services provider’s stock, valued at approximately $598,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC grew its holdings in Brookfield Asset Management by 18.9% in the 2nd quarter. FMR LLC now owns 25,066,960 shares of the financial services provider’s stock valued at $983,697,000 after buying an additional 3,980,816 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Brookfield Asset Management by 58.7% during the 2nd quarter. CIBC Asset Management Inc now owns 9,445,056 shares of the financial services provider’s stock worth $370,221,000 after purchasing an additional 3,491,780 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Brookfield Asset Management by 212.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,758,937 shares of the financial services provider’s stock worth $108,110,000 after purchasing an additional 1,874,577 shares during the period. Mcdonald Capital Investors Inc. CA purchased a new position in shares of Brookfield Asset Management during the 2nd quarter worth $35,621,000. Finally, Alps Advisors Inc. purchased a new position in shares of Brookfield Asset Management during the 2nd quarter worth $32,066,000. Hedge funds and other institutional investors own 52.16% of the company’s stock.

A number of research firms have recently weighed in on BAM. Scotiabank increased their price target on Brookfield Asset Management from $41.75 to $42.50 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. TD Securities increased their target price on Brookfield Asset Management from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. Canaccord Genuity reissued a “buy” rating and set a $42.00 target price on shares of Brookfield Asset Management in a research note on Friday, August 11th. ValuEngine lowered Brookfield Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, September 30th. Finally, TheStreet lowered Brookfield Asset Management from a “b” rating to a “c+” rating in a research note on Thursday, November 16th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Brookfield Asset Management has an average rating of “Buy” and an average target price of $47.00.

Shares of Brookfield Asset Management Inc (NYSE:BAM) opened at $41.86 on Monday. 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 stock has a market capitalization of $41,530.00, a PE ratio of 93.02 and a beta of 1.06. Brookfield Asset Management Inc has a 12-month low of $32.41 and a 12-month high of $43.15.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be given a $0.18 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.72 dividend on an annualized basis and a yield of 1.72%. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.14. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 121.74%.

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Brookfield Asset Management Company Profile

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

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