SG Americas Securities LLC Grows Position in Brookfield Asset Management Inc. (NYSE:BAM)

SG Americas Securities LLC lifted its holdings in shares of Brookfield Asset Management Inc. (NYSE:BAM) (TSE:BAM.A) by 437.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Douglas Lane & Associates LLC boosted its position in shares of Brookfield Asset Management by 1.3% during the third quarter. Douglas Lane & Associates LLC now owns 12,769 shares of the financial services provider’s stock valued at $683,000 after buying an additional 169 shares during the last quarter. Stephens Inc. AR boosted its position in shares of Brookfield Asset Management by 1.5% during the second quarter. Stephens Inc. AR now owns 12,502 shares of the financial services provider’s stock valued at $637,000 after buying an additional 187 shares during the last quarter. Skba Capital Management LLC boosted its position in shares of Brookfield Asset Management by 2.2% during the second quarter. Skba Capital Management LLC now owns 9,470 shares of the financial services provider’s stock valued at $483,000 after buying an additional 200 shares during the last quarter. M&T Bank Corp boosted its position in shares of Brookfield Asset Management by 5.6% during the third quarter. M&T Bank Corp now owns 4,990 shares of the financial services provider’s stock valued at $267,000 after buying an additional 266 shares during the last quarter. Finally, MML Investors Services LLC boosted its position in shares of Brookfield Asset Management by 4.2% during the second quarter. MML Investors Services LLC now owns 6,789 shares of the financial services provider’s stock valued at $346,000 after buying an additional 274 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors.

Shares of BAM opened at $57.09 on Friday. The business’s 50 day moving average is $58.71 and its 200 day moving average is $56.51. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.31. Brookfield Asset Management Inc. has a 12-month low of $37.92 and a 12-month high of $62.20. The company has a market capitalization of $93.62 billion, a PE ratio of 26.80 and a beta of 1.30.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Wednesday, November 10th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $19.25 billion for the quarter. During the same quarter in the prior year, the firm posted $0.65 EPS.

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

A number of research analysts have weighed in on BAM shares. increased their target price on Brookfield Asset Management from $66.00 to $69.00 and gave the company a “buy” rating in a report on Friday, November 12th. Zacks Investment Research downgraded Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Friday, October 15th. TD Securities increased their target price on Brookfield Asset Management from $71.00 to $72.00 and gave the company an “action list buy” rating in a report on Monday, November 8th. Credit Suisse Group increased their target price on Brookfield Asset Management from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Wednesday, November 10th. Finally, Royal Bank of Canada increased their target price on Brookfield Asset Management from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, November 15th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $65.10.

Brookfield Asset Management Company 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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