Karpas Strategies LLC grew its stake in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 0.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 266,942 shares of the financial services provider’s stock after acquiring an additional 1,257 shares during the period. Brookfield Asset Management makes up about 5.3% of Karpas Strategies LLC’s holdings, making the stock its 2nd largest position. Karpas Strategies LLC’s holdings in Brookfield Asset Management were worth $12,453,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Brookfield Asset Management by 2.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,502 shares of the financial services provider’s stock worth $441,000 after buying an additional 279 shares in the last quarter. Lourd Capital LLC raised its position in shares of Brookfield Asset Management by 5.0% during the 4th quarter. Lourd Capital LLC now owns 5,939 shares of the financial services provider’s stock worth $228,000 after buying an additional 282 shares in the last quarter. First Personal Financial Services raised its position in shares of Brookfield Asset Management by 9.4% during the 4th quarter. First Personal Financial Services now owns 3,417 shares of the financial services provider’s stock worth $131,000 after buying an additional 293 shares in the last quarter. Cortland Associates Inc. MO raised its position in shares of Brookfield Asset Management by 6.2% during the 4th quarter. Cortland Associates Inc. MO now owns 5,377 shares of the financial services provider’s stock worth $206,000 after buying an additional 315 shares in the last quarter. Finally, LVW Advisors LLC raised its position in shares of Brookfield Asset Management by 4.9% during the 4th quarter. LVW Advisors LLC now owns 7,998 shares of the financial services provider’s stock worth $307,000 after buying an additional 371 shares in the last quarter. Institutional investors own 64.69% of the company’s stock.

A number of research firms have commented on BAM. BMO Capital Markets restated a “buy” rating on shares of Brookfield Asset Management in a research report on Friday, April 5th. Credit Suisse Group set a $50.00 price objective on shares of Brookfield Asset Management and gave the stock a “buy” rating in a research note on Sunday, December 30th. Royal Bank of Canada lifted their price objective on shares of Brookfield Asset Management from $47.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 19th. Finally, TD Securities lifted their price objective on shares of Brookfield Asset Management from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, February 15th. Six equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $52.75.

Shares of BAM traded up $0.51 during mid-day trading on Thursday, hitting $48.08. The company’s stock had a trading volume of 848,959 shares, compared to its average volume of 1,359,221. The stock has a market capitalization of $47.29 billion, a P/E ratio of 13.96 and a beta of 1.18. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.30 and a quick ratio of 1.08. Brookfield Asset Management Inc has a fifty-two week low of $36.58 and a fifty-two week high of $48.25.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings data on Thursday, February 14th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $1.72. The company had revenue of $16.01 billion for the quarter. Brookfield Asset Management had a net margin of 6.31% and a return on equity of 4.36%. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 EPS.

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Brookfield Asset Management Profile

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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