Brookfield Asset Management Inc. (NYSE:BAM – Get Rating) (TSE:BAM.A) insider Brookfield Asset Management In sold 1,500,000 shares of the firm’s stock in a transaction on Friday, May 6th. The stock was sold at an average price of $26.63, for a total transaction of $39,945,000.00. Following the transaction, the insider now directly owns 16,392,780 shares of the company’s stock, valued at $436,539,731.40. The sale was disclosed in a document filed with the SEC, which is available through this link.
Brookfield Asset Management In also recently made the following trade(s):
- On Wednesday, May 4th, Brookfield Asset Management In sold 750,000 shares of Brookfield Asset Management stock. The stock was sold at an average price of $25.77, for a total transaction of $19,327,500.00.
- 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.
Shares of NYSE:BAM opened at $48.44 on Friday. Brookfield Asset Management Inc. has a 1 year low of $44.74 and a 1 year high of $62.47. The business has a fifty day simple moving average of $54.20 and a 200 day simple moving average of $56.52. The firm has a market cap of $79.51 billion, a price-to-earnings ratio of 20.27 and a beta of 1.31.
Brookfield Asset Management (NYSE:BAM – Get Rating) (TSE:BAM.A) last posted its earnings results on Thursday, February 10th. The financial services provider reported $0.66 EPS for the quarter. The firm had revenue of $21.79 billion for the quarter. Brookfield Asset Management had a net margin of 5.24% and a return on equity of 3.21%. On average, sell-side analysts anticipate that Brookfield Asset Management Inc. will post 3.22 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Monday, February 28th were given a $0.14 dividend. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, February 25th. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 23.43%.
Hedge funds have recently added to or reduced their stakes in the stock. Disciplined Investments LLC acquired a new stake in Brookfield Asset Management during the fourth quarter worth about $26,000. Strategic Asset Management LLC grew its position in Brookfield Asset Management by 121.5% during the fourth quarter. Strategic Asset Management LLC now owns 443 shares of the financial services provider’s stock worth $27,000 after buying an additional 243 shares in the last quarter. GoalVest Advisory LLC acquired a new stake in Brookfield Asset Management during the first quarter worth about $28,000. Wealth Quarterback LLC acquired a new stake in Brookfield Asset Management during the third quarter worth about $30,000. Finally, Massmutual Trust Co. FSB ADV grew its position in Brookfield Asset Management by 46.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 636 shares of the financial services provider’s stock worth $36,000 after buying an additional 201 shares in the last quarter. 60.24% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on BAM. Credit Suisse Group raised Brookfield Asset Management from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $68.00 to $71.50 in a report on Wednesday, April 27th. StockNews.com raised Brookfield Asset Management from a “sell” rating to a “hold” rating in a research note on Saturday, April 30th. Deutsche Bank Aktiengesellschaft decreased their price target on Brookfield Asset Management from $64.00 to $62.00 and set a “hold” rating for the company in a research note on Thursday, April 7th. Zacks Investment Research raised Brookfield Asset Management from a “sell” rating to a “hold” rating in a research note on Monday, May 2nd. Finally, Citigroup increased their price target on Brookfield Asset Management from $61.00 to $65.50 in a research note on Friday, February 11th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $66.50.
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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