Brookfield Asset Management Inc (BAM) Position Maintained by Oakworth Capital Inc.

Oakworth Capital Inc. held its position in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,976 shares of the financial services provider’s stock at the end of the second quarter. Oakworth Capital Inc.’s holdings in Brookfield Asset Management were worth $705,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. First Manhattan Co. raised its position 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 worth $644,597,000 after buying an additional 363,367 shares during the last quarter. Markel Corp increased its stake in shares of Brookfield Asset Management by 2.0% in the second quarter. Markel Corp now owns 5,360,821 shares of the financial services provider’s stock valued at $210,197,000 after buying an additional 106,000 shares during the last quarter. Mawer Investment Management Ltd. increased its position in Brookfield Asset Management by 1.7% in the second quarter. Mawer Investment Management Ltd. now owns 9,115,516 shares of the financial services provider’s stock valued at $357,622,000 after buying an additional 153,125 shares during the last quarter. CIBC Asset Management Inc increased its position in 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 buying an additional 3,491,780 shares during the last quarter. Finally, Rothschild Asset Management Inc. increased its position in Brookfield Asset Management by 10.6% in the second quarter. Rothschild Asset Management Inc. now owns 28,245 shares of the financial services provider’s stock valued at $1,437,000 after buying an additional 2,709 shares during the last quarter. 53.95% of the stock is owned by hedge funds and other institutional investors.

Brookfield Asset Management Inc (NYSE BAM) traded down 0.42% on Friday, reaching $38.24. The company had a trading volume of 681,926 shares. The stock has a 50 day moving average price of $39.06 and a 200 day moving average price of $37.41. The stock has a market capitalization of $43.02 billion, a PE ratio of 35.77 and a beta of 1.03. Brookfield Asset Management Inc has a 52-week low of $32.04 and a 52-week high of $40.09.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Thursday, August 10th. The financial services provider reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.28. The business had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $5.27 billion. Brookfield Asset Management had a return on equity of 2.14% and a net margin of 4.87%. The business’s revenue was up 58.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 earnings per share. Analysts expect that Brookfield Asset Management Inc will post $0.99 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Tuesday, August 29th. Brookfield Asset Management’s dividend payout ratio is currently 43.75%.

Brookfield Asset Management announced that its board has initiated a stock buyback program on Friday, May 19th that permits the company to buyback 82,960,000 shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

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Several analysts have issued reports on the company. TD Securities increased their target price on Brookfield Asset Management from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank Of Canada raised their price objective on Brookfield Asset Management from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday. Scotiabank raised their price objective on Brookfield Asset Management from $41.75 to $42.50 and gave the stock an “outperform” rating in a research report on Wednesday. BidaskClub cut Brookfield Asset Management from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $45.00 price target on shares of Brookfield Asset Management in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Brookfield Asset Management has an average rating of “Buy” and a consensus target price of $42.19.

About Brookfield Asset Management

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.

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

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