Fishman Jay A Ltd. MI Has $247,000 Stake in Brookfield Asset Management Inc (NYSE:BAM)

Fishman Jay A Ltd. MI lifted its holdings in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 4.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,650 shares of the financial services provider’s stock after acquiring an additional 200 shares during the period. Fishman Jay A Ltd. MI’s holdings in Brookfield Asset Management were worth $247,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of BAM. Strategic Blueprint LLC acquired a new position in Brookfield Asset Management during the third quarter valued at approximately $25,000. HM Payson & Co. acquired a new position in Brookfield Asset Management during the second quarter valued at approximately $32,000. KCS Wealth Advisory acquired a new position in Brookfield Asset Management during the third quarter valued at approximately $40,000. Benjamin F. Edwards & Company Inc. grew its holdings in Brookfield Asset Management by 103.0% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 808 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 410 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its holdings in Brookfield Asset Management by 111.9% during the third quarter. Wealthcare Advisory Partners LLC now owns 858 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 453 shares during the period. Institutional investors own 58.04% of the company’s stock.

BAM has been the subject of a number of analyst reports. TD Securities boosted their price objective on shares of Brookfield Asset Management from $67.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Royal Bank of Canada boosted their price objective on shares of Brookfield Asset Management from $54.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Citigroup boosted their price objective on shares of Brookfield Asset Management from $56.00 to $62.50 and gave the company a “buy” rating in a report on Friday, September 27th. BMO Capital Markets boosted their price objective on shares of Brookfield Asset Management from $55.00 to $59.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, ValuEngine cut shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $59.92.

Shares of Brookfield Asset Management stock traded down $0.18 on Friday, hitting $56.38. The company had a trading volume of 902,924 shares, compared to its average volume of 1,494,184. The firm has a market capitalization of $59.27 billion, a P/E ratio of 19.16 and a beta of 1.05. Brookfield Asset Management Inc has a twelve month low of $36.58 and a twelve month high of $56.86. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.11 and a quick ratio of 0.87. The stock has a 50-day moving average of $53.59 and a 200-day moving average of $50.15.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.25. The company had revenue of $16.92 billion during the quarter, compared to analysts’ expectations of $14.30 billion. Brookfield Asset Management had a net margin of 4.86% and a return on equity of 3.31%. The business’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share.

About Brookfield Asset Management

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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