Lawson Kroeker Investment Management Inc. NE cut its stake in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 278,286 shares of the financial services provider’s stock after selling 19,314 shares during the period. Brookfield Asset Management accounts for approximately 3.9% of Lawson Kroeker Investment Management Inc. NE’s portfolio, making the stock its 5th largest holding. Lawson Kroeker Investment Management Inc. NE’s holdings in Brookfield Asset Management were worth $12,117,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in BAM. QS Investors LLC increased its position in shares of Brookfield Asset Management by 69.8% during the second quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock valued at $110,000 after buying an additional 1,150 shares during the period. Veritas Investment Management UK Ltd bought a new position in shares of Brookfield Asset Management in the third quarter worth approximately $149,000. Atlantic Trust LLC bought a new position in shares of Brookfield Asset Management in the second quarter worth approximately $191,000. Cortland Associates Inc. MO bought a new position in shares of Brookfield Asset Management in the third quarter worth approximately $209,000. Finally, Harbour Capital Advisors LLC bought a new position in shares of Brookfield Asset Management in the third quarter worth approximately $244,000. Hedge funds and other institutional investors own 54.44% of the company’s stock.
Several research analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating on shares of Brookfield Asset Management in a research report on Thursday, September 28th. TheStreet upgraded shares of Brookfield Asset Management from a “c+” rating to a “b-” rating in a research report on Thursday, December 28th. Citigroup decreased their price objective on shares of Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating on the stock in a research report on Friday, November 10th. Scotiabank upped their price objective on shares of Brookfield Asset Management from $42.75 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 11th. Finally, Canaccord Genuity restated a “buy” rating and issued a $47.00 price objective on shares of Brookfield Asset Management in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.00.
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its earnings results on Thursday, November 9th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $15.40 billion during the quarter. Brookfield Asset Management had a return on equity of 0.86% and a net margin of 1.70%.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Thursday, November 30th were paid a $0.18 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $0.72 annualized dividend and a yield of 1.67%. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.14. Brookfield Asset Management’s dividend payout ratio is currently 124.45%.
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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.
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