Madison Investment Holdings Inc. Decreases Stake in Brookfield Asset Management Inc (BAM)

Madison Investment Holdings Inc. lessened its holdings in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 1.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,515,647 shares of the financial services provider’s stock after selling 30,089 shares during the period. Brookfield Asset Management accounts for about 1.9% of Madison Investment Holdings Inc.’s portfolio, making the stock its 4th largest position. Madison Investment Holdings Inc. owned 0.25% of Brookfield Asset Management worth $103,896,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BAM. QS Investors LLC lifted its stake in shares of Brookfield Asset Management by 69.8% during the second quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 1,150 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Brookfield Asset Management by 163.8% during the second quarter. JPMorgan Chase & Co. now owns 1,178,446 shares of the financial services provider’s stock valued at $46,209,000 after acquiring an additional 731,752 shares during the period. CI Investments Inc. lifted its stake in shares of Brookfield Asset Management by 41.4% during the third quarter. CI Investments Inc. now owns 2,589,015 shares of the financial services provider’s stock valued at $106,926,000 after acquiring an additional 758,205 shares during the period. Markel Corp lifted its stake in shares of Brookfield Asset Management by 1.4% during the third quarter. Markel Corp now owns 5,435,821 shares of the financial services provider’s stock valued at $224,499,000 after acquiring an additional 75,000 shares during the period. Finally, Shell Asset Management Co. lifted its stake in shares of Brookfield Asset Management by 73.3% during the third quarter. Shell Asset Management Co. now owns 157,391 shares of the financial services provider’s stock valued at $7,914,000 after acquiring an additional 66,574 shares during the period. Institutional investors own 54.61% of the company’s stock.

Brookfield Asset Management Inc (BAM) opened at $43.35 on Friday. Brookfield Asset Management Inc has a one year low of $32.65 and a one year high of $43.48. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $41,588.95, a PE ratio of 96.33 and a beta of 1.04.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be paid a $0.18 dividend. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.72 annualized dividend and a yield of 1.66%. Brookfield Asset Management’s dividend payout ratio is presently 124.45%.

Several brokerages have recently issued reports on BAM. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Brookfield Asset Management in a research note on Thursday, September 28th. Citigroup cut their price target on Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating on the stock in a research note on Friday, November 10th. Scotiabank upped their price target on Brookfield Asset Management from $42.75 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 11th. Canaccord Genuity reissued a “buy” rating and issued a $47.00 target price on shares of Brookfield Asset Management in a research note on Monday, October 2nd. Finally, BidaskClub raised Brookfield Asset Management from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Brookfield Asset Management presently has a consensus rating of “Buy” and a consensus price target of $47.00.

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Brookfield Asset Management Profile

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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