Fishman Jay A Ltd. MI Acquires 200 Shares of Brookfield Asset Management Inc (NYSE:BAM)

Fishman Jay A Ltd. MI grew its holdings in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,650 shares of the financial services provider’s stock after purchasing an additional 200 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in Brookfield Asset Management were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. First Mercantile Trust Co. grew its stake in Brookfield Asset Management by 3.8% in the 3rd quarter. First Mercantile Trust Co. now owns 5,185 shares of the financial services provider’s stock valued at $275,000 after buying an additional 190 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its stake in Brookfield Asset Management by 4.8% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 4,719 shares of the financial services provider’s stock valued at $225,000 after buying an additional 217 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in Brookfield Asset Management by 27.6% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,031 shares of the financial services provider’s stock valued at $55,000 after buying an additional 223 shares during the last quarter. Stephens Inc. AR grew its stake in Brookfield Asset Management by 2.0% in the 2nd quarter. Stephens Inc. AR now owns 11,597 shares of the financial services provider’s stock valued at $554,000 after buying an additional 231 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its stake in Brookfield Asset Management by 4.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,468 shares of the financial services provider’s stock valued at $261,000 after buying an additional 234 shares during the last quarter. Institutional investors and hedge funds own 58.04% of the company’s stock.

Several research firms have issued reports on BAM. ValuEngine lowered shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. TD Securities raised their price target on shares of Brookfield Asset Management from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. BMO Capital Markets raised their price target on shares of Brookfield Asset Management from $55.00 to $59.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Royal Bank of Canada raised their price target on shares of Brookfield Asset Management from $54.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Finally, Canaccord Genuity set a $62.00 price target on shares of Brookfield Asset Management and gave the stock a “buy” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Brookfield Asset Management presently has a consensus rating of “Buy” and a consensus price target of $59.92.

NYSE BAM traded down $0.18 during midday trading on Friday, hitting $56.38. The company had a trading volume of 902,924 shares, compared to its average volume of 1,494,184. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 1.29. The stock has a market cap of $59.27 billion, a price-to-earnings ratio of 19.16 and a beta of 1.05. The firm has a fifty day simple moving average of $53.59 and a two-hundred day simple moving average of $50.15. Brookfield Asset Management Inc has a fifty-two week low of $36.58 and a fifty-two week high of $56.86.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.25. The company had revenue of $16.92 billion during the quarter, compared to the consensus estimate of $14.30 billion. Brookfield Asset Management had a net margin of 4.86% and a return on equity of 3.31%. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS.

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.

Featured Article: How does a reverse stock split work?

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.