Mawer Investment Management Ltd. lifted its position in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 0.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,139,569 shares of the financial services provider’s stock after purchasing an additional 24,053 shares during the period. Brookfield Asset Management accounts for about 3.2% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 4th biggest position. Mawer Investment Management Ltd. owned approximately 0.92% of Brookfield Asset Management worth $377,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in shares of Brookfield Asset Management by 0.7% in the third quarter. Principal Financial Group Inc. now owns 25,353,413 shares of the financial services provider’s stock valued at $1,047,092,000 after purchasing an additional 172,950 shares during the period. FMR LLC boosted its holdings in shares of Brookfield Asset Management by 18.9% in the second quarter. FMR LLC now owns 25,066,960 shares of the financial services provider’s stock valued at $983,697,000 after purchasing an additional 3,980,816 shares during the period. TD Asset Management Inc. boosted its holdings in shares of Brookfield Asset Management by 2.4% in the second quarter. TD Asset Management Inc. now owns 21,728,082 shares of the financial services provider’s stock valued at $851,423,000 after purchasing an additional 518,648 shares during the period. First Manhattan Co. boosted its holdings in shares of Brookfield Asset Management by 2.3% in the second quarter. First Manhattan Co. now owns 16,439,611 shares of the financial services provider’s stock valued at $644,597,000 after purchasing an additional 363,367 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of Brookfield Asset Management by 10.1% in the third quarter. CIBC Asset Management Inc now owns 10,401,769 shares of the financial services provider’s stock valued at $428,356,000 after purchasing an additional 956,713 shares during the period. Hedge funds and other institutional investors own 52.16% of the company’s stock.

Brookfield Asset Management Inc (NYSE BAM) traded down $0.07 during trading on Tuesday, reaching $41.34. The company’s stock had a trading volume of 770,400 shares, compared to its average volume of 876,554. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.01 and a current ratio of 1.29. The stock has a market capitalization of $40,960.00, a price-to-earnings ratio of 92.02 and a beta of 1.06. Brookfield Asset Management Inc has a one year low of $32.41 and a one year high of $43.15.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 29th. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.74%. Brookfield Asset Management’s dividend payout ratio is presently 121.74%.

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A number of analysts have weighed in on the company. Scotiabank upped their target price 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 upped their target price on Brookfield Asset Management from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, August 11th. Canaccord Genuity restated a “buy” rating and set a $42.00 target price on shares of Brookfield Asset Management in a report on Friday, August 11th. ValuEngine lowered Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Finally, TheStreet lowered Brookfield Asset Management from a “b” rating to a “c+” rating in a report on Thursday, November 16th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Brookfield Asset Management currently has a consensus rating of “Buy” and a consensus price target of $47.00.

About Brookfield Asset Management

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.

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

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