Gilbert & Cook Inc. lifted its position in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 7.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,790 shares of the financial services provider’s stock after acquiring an additional 460 shares during the quarter. Gilbert & Cook Inc.’s holdings in Brookfield Asset Management were worth $317,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of BAM. Kayne Anderson Capital Advisors LP lifted its position in Brookfield Asset Management by 6.3% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 50,900 shares of the financial services provider’s stock valued at $1,951,000 after acquiring an additional 3,000 shares during the last quarter. Jane Street Group LLC increased its stake in Brookfield Asset Management by 22.6% in the fourth quarter. Jane Street Group LLC now owns 33,360 shares of the financial services provider’s stock valued at $1,279,000 after purchasing an additional 6,145 shares during the period. YorkBridge Wealth Partners LLC increased its stake in Brookfield Asset Management by 116.0% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 838 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 450 shares during the period. Madison Investment Holdings Inc. increased its stake in Brookfield Asset Management by 1.6% in the fourth quarter. Madison Investment Holdings Inc. now owns 2,369,446 shares of the financial services provider’s stock valued at $90,868,000 after purchasing an additional 37,237 shares during the period. Finally, Waratah Capital Advisors Ltd. acquired a new position in Brookfield Asset Management in the first quarter valued at $2,947,000. 61.45% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on BAM. TD Securities lifted their price objective on shares of Brookfield Asset Management from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, May 10th. BMO Capital Markets restated a “buy” rating on shares of Brookfield Asset Management in a research note on Friday, April 5th. Finally, Royal Bank of Canada lifted their price objective on shares of Brookfield Asset Management from $47.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. Six analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $52.92.
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $15.21 billion for the quarter, compared to the consensus estimate of $12.35 billion. Brookfield Asset Management had a net margin of 5.63% and a return on equity of 3.86%. During the same quarter in the previous year, the firm earned $1.16 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be issued a dividend of $0.16 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.35%. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.15.
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Brookfield Asset Management Company 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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