SG Americas Securities LLC Boosts Stock Holdings in Brookfield Asset Management Inc. (NYSE:BAM)

SG Americas Securities LLC grew its position in Brookfield Asset Management Inc. (NYSE:BAM) (TSE:BAM.A) by 437.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,654 shares of the financial services provider’s stock after buying an additional 8,672 shares during the period. SG Americas Securities LLC’s holdings in Brookfield Asset Management were worth $570,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. boosted its holdings in shares of Brookfield Asset Management by 17.1% in the 3rd quarter. Whittier Trust Co. now owns 12,575 shares of the financial services provider’s stock valued at $673,000 after buying an additional 1,832 shares in the last quarter. Value Partners Investments Inc. grew its position in Brookfield Asset Management by 14.6% during the 3rd quarter. Value Partners Investments Inc. now owns 6,636 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 846 shares during the last quarter. GWM Advisors LLC acquired a new position in Brookfield Asset Management during the 3rd quarter valued at approximately $235,000. Live Oak Private Wealth LLC raised its holdings in shares of Brookfield Asset Management by 5.2% in the third quarter. Live Oak Private Wealth LLC now owns 75,737 shares of the financial services provider’s stock worth $4,053,000 after buying an additional 3,762 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Brookfield Asset Management by 2.7% during the third quarter. Janney Montgomery Scott LLC now owns 162,253 shares of the financial services provider’s stock worth $8,682,000 after buying an additional 4,241 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.

Shares of BAM opened at $57.09 on Friday. The business’s 50-day moving average is $58.71 and its two-hundred day moving average is $56.51. The company has a market capitalization of $93.62 billion, a P/E ratio of 26.80 and a beta of 1.30. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.82 and a current ratio of 1.00. Brookfield Asset Management Inc. has a fifty-two week low of $37.92 and a fifty-two week high of $62.20.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Wednesday, November 10th. The financial services provider reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.45). Brookfield Asset Management had a net margin of 4.91% and a return on equity of 2.90%. The business had revenue of $19.25 billion for the quarter. During the same quarter in the previous year, the business earned $0.65 EPS.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Tuesday, November 30th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Monday, November 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 24.41%.

Several research firms recently issued reports on BAM. upped their target price on Brookfield Asset Management from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, November 12th. Credit Suisse Group upped their target price on Brookfield Asset Management from $54.00 to $63.00 and gave the company a “neutral” rating in a research report on Wednesday, November 10th. Royal Bank of Canada upped their target price on Brookfield Asset Management from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, November 15th. TD Securities upped their target price on Brookfield Asset Management from $71.00 to $72.00 and gave the company an “action list buy” rating in a research report on Monday, November 8th. Finally, The Goldman Sachs Group downgraded Brookfield Asset Management from a “conviction-buy” rating to a “buy” rating in a research report on Friday, November 12th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Brookfield Asset Management has an average rating of “Buy” and a consensus price target of $65.10.

Brookfield Asset Management Profile

Brookfield Asset Management, Inc engages in the management of public and private investment products and services for institutional and retail clients. It operates through the following segments: Asset Management, Real Estate, Renewable Power, Infrastructure, Private Equity, Residential Development, and Corporate Activities.

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

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