Brookfield Asset Management Inc (BAM) Stake Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,502 shares of the financial services provider’s stock after acquiring an additional 279 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Brookfield Asset Management were worth $441,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BAM. Jarislowsky Fraser Ltd boosted its holdings in shares of Brookfield Asset Management by 62.6% in the 4th quarter. Jarislowsky Fraser Ltd now owns 10,478,325 shares of the financial services provider’s stock worth $401,395,000 after acquiring an additional 4,033,441 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Brookfield Asset Management by 36.0% in the 4th quarter. Mackenzie Financial Corp now owns 12,258,486 shares of the financial services provider’s stock worth $470,113,000 after acquiring an additional 3,244,827 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Brookfield Asset Management by 72.5% in the 3rd quarter. William Blair Investment Management LLC now owns 5,417,460 shares of the financial services provider’s stock worth $241,239,000 after acquiring an additional 2,276,304 shares in the last quarter. CI Investments Inc. boosted its holdings in shares of Brookfield Asset Management by 36.1% in the 3rd quarter. CI Investments Inc. now owns 7,818,294 shares of the financial services provider’s stock worth $348,149,000 after acquiring an additional 2,073,678 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Brookfield Asset Management by 364.1% in the 3rd quarter. Hsbc Holdings PLC now owns 1,267,360 shares of the financial services provider’s stock worth $56,486,000 after acquiring an additional 994,285 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors and hedge funds.

BAM stock opened at $46.24 on Friday. The company has a debt-to-equity ratio of 1.15, 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 $46.68. The company has a market capitalization of $45.93 billion, a P/E ratio of 13.37 and a beta of 1.17.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Thursday, February 14th. The financial services provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $0.15 by $1.72. Brookfield Asset Management had a net margin of 6.31% and a return on equity of 4.30%. The firm had revenue of $16.01 billion during the quarter. During the same quarter last year, the firm earned $1.28 EPS. The business’s revenue for the quarter was up 22.5% on a year-over-year basis.

Several brokerages have recently commented on BAM. Credit Suisse Group set a $50.00 target price on Brookfield Asset Management and gave the stock a “buy” rating in a report on Sunday, December 23rd. TD Securities boosted their target price on Brookfield Asset Management from $57.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, February 15th. Finally, Royal Bank of Canada boosted their target price on Brookfield Asset Management from $47.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, February 19th. Six analysts have rated the stock with a buy rating, Brookfield Asset Management has a consensus rating of “Buy” and an average price target of $52.75.

WARNING: “Brookfield Asset Management Inc (BAM) Stake Lifted by Mirae Asset Global Investments Co. Ltd.” was first published by WKRB News and is the property of of WKRB News. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://www.wkrb13.com/2019/03/17/brookfield-asset-management-inc-bam-stake-lifted-by-mirae-asset-global-investments-co-ltd.html.

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.

Recommended Story: Put Option Volume

Want to see what other hedge funds are holding BAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A).

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

Receive News & Ratings for Brookfield Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply