Fort Washington Investment Advisors Inc. OH lowered its holdings in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 9.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 493,871 shares of the financial services provider’s stock after selling 51,585 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Brookfield Asset Management were worth $18,940,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of BAM. Csenge Advisory Group purchased a new stake in Brookfield Asset Management in the third quarter valued at $62,000. SeaBridge Investment Advisors LLC raised its position in Brookfield Asset Management by 62.5% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 1,950 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 750 shares during the period. Signet Investment Advisory Group Inc. purchased a new stake in Brookfield Asset Management in the fourth quarter valued at $88,000. Capital Bank & Trust Co purchased a new stake in Brookfield Asset Management in the third quarter valued at $125,000. Finally, First Personal Financial Services raised its position in Brookfield Asset Management by 9.4% in the fourth quarter. First Personal Financial Services now owns 3,417 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 293 shares during the period. Institutional investors own 61.02% of the company’s stock.
BAM stock opened at $43.72 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $43.42 billion, a P/E ratio of 16.88 and a beta of 1.18. Brookfield Asset Management Inc has a 12-month low of $36.58 and a 12-month high of $45.04.
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Thursday, November 8th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.21). The firm had revenue of $14.86 billion during the quarter. Brookfield Asset Management had a net margin of 5.10% and a return on equity of 3.52%. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.79 EPS.
A number of equities research analysts have commented on the company. TD Securities lifted their target price on Brookfield Asset Management from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, November 9th. Scotiabank set a $53.00 target price on Brookfield Asset Management and gave the company a “buy” rating in a research report on Thursday, October 18th. Credit Suisse Group set a $50.00 target price on Brookfield Asset Management and gave the company a “buy” rating in a research report on Sunday, December 23rd. Finally, Citigroup assumed coverage on Brookfield Asset Management in a research report on Tuesday, November 13th. They issued a “buy” rating and a $49.50 target price on the stock. Six equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $51.75.
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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.
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