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Brookfield Asset Management Inc. (NYSE:BAM – Get Rating) (TSE:BAM.A) insider Brookfield Asset Management In sold 750,000 shares of the stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $25.77, for a total value of $19,327,500.00. Following the completion of the sale, the insider now owns 18,538,903 shares of the company’s stock, valued at approximately $477,747,530.31. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Brookfield Asset Management In also recently made the following trade(s):
- On Friday, May 6th, Brookfield Asset Management In sold 1,500,000 shares of Brookfield Asset Management stock. The stock was sold at an average price of $26.63, for a total value of $39,945,000.00.
- On Tuesday, April 12th, Brookfield Asset Management In sold 5,925 shares of Brookfield Asset Management stock. The stock was sold at an average price of $32.13, for a total value of $190,370.25.
BAM stock opened at $48.44 on Friday. The company has a market cap of $79.51 billion, a P/E ratio of 20.27 and a beta of 1.31. Brookfield Asset Management Inc. has a 1 year low of $44.74 and a 1 year high of $62.47. The stock’s fifty day moving average price is $54.20 and its 200-day moving average price is $56.52.
Brookfield Asset Management (NYSE:BAM – Get Rating) (TSE:BAM.A) last released its quarterly earnings results on Thursday, February 10th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $21.79 billion for the quarter. Brookfield Asset Management had a return on equity of 3.21% and a net margin of 5.24%. Sell-side analysts expect that Brookfield Asset Management Inc. will post 3.22 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, February 28th were given a dividend of $0.14 per share. The ex-dividend date was Friday, February 25th. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 1.16%. Brookfield Asset Management’s payout ratio is 23.43%.
Several research analysts have recently issued reports on the company. Credit Suisse Group raised Brookfield Asset Management from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $68.00 to $71.50 in a research report on Wednesday, April 27th. Zacks Investment Research raised Brookfield Asset Management from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. Citigroup raised their price objective on Brookfield Asset Management from $61.00 to $65.50 in a research report on Friday, February 11th. TD Securities raised their price objective on Brookfield Asset Management from $75.00 to $77.00 and gave the company an “action list buy” rating in a research report on Monday, February 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Brookfield Asset Management from $64.00 to $62.00 and set a “hold” rating for the company in a research report on Thursday, April 7th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Brookfield Asset Management currently has a consensus rating of “Buy” and a consensus target price of $66.50.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BAM. Brookfield Asset Management Inc. purchased a new position in Brookfield Asset Management during the third quarter valued at $6,974,274,000. Norges Bank bought a new stake in Brookfield Asset Management during the fourth quarter valued at about $810,807,000. Viking Global Investors LP raised its holdings in Brookfield Asset Management by 311.2% during the third quarter. Viking Global Investors LP now owns 16,987,106 shares of the financial services provider’s stock valued at $908,980,000 after acquiring an additional 12,856,497 shares during the period. FIL Ltd raised its holdings in Brookfield Asset Management by 30.0% during the third quarter. FIL Ltd now owns 29,604,720 shares of the financial services provider’s stock valued at $1,586,351,000 after acquiring an additional 6,829,447 shares during the period. Finally, National Bank of Canada FI bought a new stake in Brookfield Asset Management during the fourth quarter valued at about $179,508,000. Institutional investors own 60.24% of the company’s stock.
About Brookfield Asset Management (Get Rating)
Brookfield Asset Management is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.
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