Jane Street Group LLC raised its position in Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) by 317.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,337 shares of the financial services provider’s stock after acquiring an additional 45,137 shares during the quarter. Jane Street Group LLC’s holdings in Brookfield Asset Management were worth $2,583,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in Brookfield Asset Management by 3.9% in the third quarter. Envestnet Asset Management Inc. now owns 94,604 shares of the financial services provider’s stock worth $3,906,000 after acquiring an additional 3,518 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Brookfield Asset Management in the third quarter worth approximately $598,000. MUFG Securities EMEA plc lifted its stake in Brookfield Asset Management by 0.7% in the third quarter. MUFG Securities EMEA plc now owns 656,734 shares of the financial services provider’s stock worth $27,123,000 after acquiring an additional 4,418 shares during the last quarter. Davis Selected Advisers lifted its stake in Brookfield Asset Management by 1.0% in the third quarter. Davis Selected Advisers now owns 717,049 shares of the financial services provider’s stock worth $29,614,000 after acquiring an additional 6,940 shares during the last quarter. Finally, Highstreet Asset Management Inc. lifted its stake in Brookfield Asset Management by 667.1% in the fourth quarter. Highstreet Asset Management Inc. now owns 312,600 shares of the financial services provider’s stock worth $13,608,000 after acquiring an additional 271,851 shares during the last quarter. Institutional investors own 55.32% of the company’s stock.
BAM has been the subject of several recent analyst reports. TheStreet upgraded shares of Brookfield Asset Management from a “c+” rating to a “b-” rating in a research report on Thursday, December 28th. Scotiabank set a $49.00 price objective on shares of Brookfield Asset Management and gave the stock a “buy” rating in a research report on Saturday, February 17th. TD Securities boosted their price objective on shares of Brookfield Asset Management from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Royal Bank of Canada boosted their price objective on shares of Brookfield Asset Management from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $48.33.
Shares of BAM stock opened at $39.52 on Wednesday. The firm has a market cap of $37,866.57, a P/E ratio of 29.71 and a beta of 1.02. The company has a current ratio of 1.19, a quick ratio of 0.94 and a debt-to-equity ratio of 0.91. Brookfield Asset Management has a 12-month low of $35.30 and a 12-month high of $44.33.
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $0.15 by $1.13. The business had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $5.31 billion. Brookfield Asset Management had a net margin of 3.58% and a return on equity of 2.02%. The company’s revenue was up 88.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.52%. Brookfield Asset Management’s dividend payout ratio is presently 45.11%.
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Brookfield Asset Management Profile
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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