Visionary Asset Management Inc. grew its holdings in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,663 shares of the financial services provider’s stock after purchasing an additional 449 shares during the period. Visionary Asset Management Inc.’s holdings in Brookfield Asset Management were worth $371,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BAM. GSA Capital Partners LLP grew its position in shares of Brookfield Asset Management by 63.4% during the second quarter. GSA Capital Partners LLP now owns 16,770 shares of the financial services provider’s stock worth $680,000 after acquiring an additional 6,506 shares during the last quarter. BlackRock Inc. grew its position in shares of Brookfield Asset Management by 4,333.6% during the second quarter. BlackRock Inc. now owns 39,902 shares of the financial services provider’s stock worth $1,617,000 after acquiring an additional 39,002 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Brookfield Asset Management by 123.1% during the second quarter. Dimensional Fund Advisors LP now owns 100,951 shares of the financial services provider’s stock worth $4,093,000 after acquiring an additional 55,705 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Brookfield Asset Management by 19.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 14,467 shares of the financial services provider’s stock worth $586,000 after acquiring an additional 2,312 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Brookfield Asset Management by 857.2% during the second quarter. Renaissance Technologies LLC now owns 138,624 shares of the financial services provider’s stock worth $5,620,000 after acquiring an additional 124,142 shares during the last quarter. 60.73% of the stock is currently owned by institutional investors.

BAM traded down $0.01 on Friday, reaching $40.68. The company had a trading volume of 87,166 shares, compared to its average volume of 1,342,215. The firm has a market capitalization of $40.53 billion, a PE ratio of 15.75 and a beta of 1.13. The company has a quick ratio of 1.02, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. Brookfield Asset Management Inc has a one year low of $36.58 and a one year 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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.21). Brookfield Asset Management had a net margin of 5.10% and a return on equity of 3.52%. The business had revenue of $14.86 billion for the quarter. During the same period last year, the business posted $0.79 EPS. The company’s quarterly revenue was up 21.0% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Friday, November 30th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.47%.

BAM has been the subject of several recent research reports. BMO Capital Markets initiated coverage on shares of Brookfield Asset Management in a research report on Thursday, September 20th. They set an “outperform” rating and a $54.00 price target for the company. Scotiabank set a $53.00 target price on shares of Brookfield Asset Management and gave the company a “buy” rating in a research report on Thursday, October 18th. Citigroup initiated coverage on shares of Brookfield Asset Management in a research report on Tuesday, November 13th. They issued a “buy” rating and a $49.50 target price for the company. Credit Suisse Group upgraded shares of Brookfield Asset Management from a “neutral” rating to an “outperform” rating and increased their target price for the company from $44.00 to $50.00 in a research report on Friday, November 9th. Finally, TD Securities increased their target price on shares of Brookfield Asset Management from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, November 9th. Six investment analysts have rated the stock with a buy rating, Brookfield Asset Management presently has a consensus rating of “Buy” and an average price target of $51.75.

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About Brookfield Asset Management

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

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