Jarislowsky Fraser Ltd Purchases 23,001 Shares of Brookfield Asset Management Inc (BAM)

Jarislowsky Fraser Ltd lifted its position in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 36.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,942 shares of the financial services provider’s stock after purchasing an additional 23,001 shares during the quarter. Jarislowsky Fraser Ltd’s holdings in Brookfield Asset Management were worth $3,540,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Principal Financial Group Inc. raised its stake in shares of Brookfield Asset Management by 0.7% in the third quarter. Principal Financial Group Inc. now owns 25,353,413 shares of the financial services provider’s stock valued at $1,047,092,000 after purchasing an additional 172,950 shares in the last quarter. FMR LLC raised its stake in shares of Brookfield Asset Management by 18.9% in the second quarter. FMR LLC now owns 25,066,960 shares of the financial services provider’s stock valued at $983,697,000 after purchasing an additional 3,980,816 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of Brookfield Asset Management by 2.4% in the second quarter. TD Asset Management Inc. now owns 21,728,082 shares of the financial services provider’s stock valued at $851,423,000 after purchasing an additional 518,648 shares in the last quarter. First Manhattan Co. raised its stake in shares of Brookfield Asset Management by 2.3% in the second quarter. First Manhattan Co. now owns 16,439,611 shares of the financial services provider’s stock valued at $644,597,000 after purchasing an additional 363,367 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Brookfield Asset Management by 58.7% in the second quarter. CIBC Asset Management Inc now owns 9,445,056 shares of the financial services provider’s stock valued at $370,221,000 after purchasing an additional 3,491,780 shares in the last quarter. Institutional investors and hedge funds own 52.06% of the company’s stock.

Brookfield Asset Management Inc (BAM) opened at $42.21 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.01 and a current ratio of 1.29. Brookfield Asset Management Inc has a 12 month low of $32.04 and a 12 month high of $43.15. The stock has a market capitalization of $41,544.93, a price-to-earnings ratio of 93.38 and a beta of 1.05.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.18 per share. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, November 29th. Brookfield Asset Management’s dividend payout ratio is currently 124.45%.

A number of brokerages recently commented on BAM. Scotiabank upped their target price 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. Royal Bank Of Canada upped their target price on Brookfield Asset Management from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup Inc. cut their target price on Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating for the company in a research note on Friday. Canaccord Genuity restated 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, ValuEngine lowered Brookfield Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, September 30th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Brookfield Asset Management presently has an average rating of “Buy” and a consensus target price of $47.00.

COPYRIGHT VIOLATION NOTICE: “Jarislowsky Fraser Ltd Purchases 23,001 Shares of Brookfield Asset Management Inc (BAM)” was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.chaffeybreeze.com/2017/11/14/jarislowsky-fraser-ltd-purchases-23001-shares-of-brookfield-asset-management-inc-bam.html.

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.

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

Latest News

Leave a Reply