Brookfield Asset Management Inc. (NYSE:BAM) Shares Sold by Atria Investments LLC

Atria Investments LLC cut its holdings in shares of Brookfield Asset Management Inc. (NYSE:BAMGet Rating) (TSE:BAM.A) by 11.7% in the 1st quarter, Holdings Channel reports. The fund owned 33,368 shares of the financial services provider’s stock after selling 4,402 shares during the period. Atria Investments LLC’s holdings in Brookfield Asset Management were worth $1,888,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Norges Bank acquired a new position in Brookfield Asset Management in the fourth quarter worth about $810,807,000. Alberta Investment Management Corp grew its stake in Brookfield Asset Management by 69.2% in the fourth quarter. Alberta Investment Management Corp now owns 5,153,682 shares of the financial services provider’s stock worth $311,673,000 after purchasing an additional 2,108,640 shares in the last quarter. Marathon Asset Mgmt Ltd grew its stake in Brookfield Asset Management by 30.9% in the fourth quarter. Marathon Asset Mgmt Ltd now owns 3,087,914 shares of the financial services provider’s stock worth $186,910,000 after purchasing an additional 729,655 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Brookfield Asset Management by 16.1% in the fourth quarter. Geode Capital Management LLC now owns 3,874,046 shares of the financial services provider’s stock worth $233,601,000 after acquiring an additional 537,954 shares during the last quarter. Finally, Partners Capital Investment Group LLP bought a new position in Brookfield Asset Management in the fourth quarter worth about $29,324,000. 60.24% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Asset Management Stock Performance

BAM opened at $48.26 on Tuesday. The business’s 50 day moving average is $46.54 and its 200-day moving average is $51.48. The stock has a market cap of $79.22 billion, a PE ratio of 19.86 and a beta of 1.32. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31. Brookfield Asset Management Inc. has a twelve month low of $42.21 and a twelve month high of $62.47.

Brookfield Asset Management (NYSE:BAMGet Rating) (TSE:BAM.A) last announced its earnings results on Thursday, May 12th. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.70 by $0.11. Brookfield Asset Management had a return on equity of 3.25% and a net margin of 5.04%. The firm had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $18.35 billion. During the same quarter in the previous year, the company earned $1.80 earnings per share. On average, analysts predict that Brookfield Asset Management Inc. will post 3.23 earnings per share for the current year.

Brookfield Asset Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Tuesday, May 31st were issued a dividend of $0.14 per share. The ex-dividend date was Friday, May 27th. This represents a $0.56 annualized dividend and a yield of 1.16%. Brookfield Asset Management’s payout ratio is 23.05%.

Wall Street Analysts Forecast Growth

BAM has been the topic of a number of recent research reports. StockNews.com cut shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Friday, July 8th. Royal Bank of Canada cut their target price on shares of Brookfield Asset Management from $72.00 to $68.00 and set an “outperform” rating on the stock in a report on Friday, May 20th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Brookfield Asset Management from $57.00 to $52.00 in a report on Wednesday, July 13th. Finally, Credit Suisse Group raised shares of Brookfield Asset Management from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $68.00 to $71.50 in a report on Wednesday, April 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.88.

Insider Buying and Selling

In related news, insider Brookfield Asset Management In sold 750,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $25.77, for a total transaction of $19,327,500.00. Following the sale, the insider now owns 18,538,903 shares of the company’s stock, valued at $477,747,530.31. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Brookfield Asset Management news, major shareholder Oaktree Capital Management Lp sold 191,591 shares of Brookfield Asset Management stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $11.30, for a total value of $2,164,978.30. Following the transaction, the insider now owns 11,622,000 shares in the company, valued at $131,328,600. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brookfield Asset Management In sold 750,000 shares of Brookfield Asset Management stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $25.77, for a total transaction of $19,327,500.00. Following the completion of the transaction, the insider now owns 18,538,903 shares in the company, valued at approximately $477,747,530.31. The disclosure for this sale can be found here. Insiders have sold a total of 3,994,984 shares of company stock valued at $94,356,676 over the last quarter.

Brookfield Asset Management Profile

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

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