Sei Investments Co. Reduces Stock Holdings in Brookfield Asset Management Inc. (NYSE:BAM)


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Sei Investments Co. decreased its position in Brookfield Asset Management Inc. (NYSE:BAM) (TSE:BAM.A) by 6.3% during the 3rd quarter, Holdings Channel reports. The fund owned 26,452 shares of the financial services provider’s stock after selling 1,778 shares during the quarter. Sei Investments Co.’s holdings in Brookfield Asset Management were worth $875,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Partners Value Investments LP lifted its holdings in Brookfield Asset Management by 50.0% in the second quarter. Partners Value Investments LP now owns 128,758,537 shares of the financial services provider’s stock valued at $4,236,156,000 after acquiring an additional 42,919,512 shares during the period. Principal Financial Group Inc. lifted its holdings in Brookfield Asset Management by 71.4% in the second quarter. Principal Financial Group Inc. now owns 41,184,672 shares of the financial services provider’s stock valued at $1,354,967,000 after acquiring an additional 17,149,763 shares during the period. Vanguard Group Inc. raised its stake in shares of Brookfield Asset Management by 50.2% during the 2nd quarter. Vanguard Group Inc. now owns 41,371,120 shares of the financial services provider’s stock worth $1,361,110,000 after buying an additional 13,829,390 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Brookfield Asset Management by 98.7% during the 2nd quarter. Toronto Dominion Bank now owns 9,861,278 shares of the financial services provider’s stock worth $324,536,000 after buying an additional 4,899,444 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Brookfield Asset Management by 41.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 12,325,160 shares of the financial services provider’s stock worth $404,301,000 after buying an additional 3,601,528 shares during the last quarter. Institutional investors and hedge funds own 54.86% of the company’s stock.

Shares of BAM opened at $41.27 on Friday. The company has a market cap of $65.00 billion, a P/E ratio of -1,125.14 and a beta of 1.29. The stock has a fifty day moving average price of $40.66 and a 200 day moving average price of $35.22. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.03 and a quick ratio of 0.85. Brookfield Asset Management Inc. has a 12 month low of $21.57 and a 12 month high of $45.61.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Thursday, November 12th. The financial services provider reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.31). Brookfield Asset Management had a return on equity of 0.06% and a net margin of 0.11%. The company had revenue of $16.25 billion for the quarter, compared to the consensus estimate of $15.84 billion. During the same quarter in the previous year, the company earned $0.80 earnings per share. Brookfield Asset Management’s quarterly revenue was down 9.1% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 31st. Stockholders of record on Monday, November 30th were paid a $0.12 dividend. The ex-dividend date was Friday, November 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.16%. Brookfield Asset Management’s payout ratio is 27.75%.

In related news, Director Ocm Growth Holdings Llc acquired 2,129,748 shares of the business’s stock in a transaction on Thursday, October 15th. The stock was bought at an average cost of $15.00 per share, with a total value of $31,946,220.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Ati Investment Parent, Llc sold 47,625,000 shares of Brookfield Asset Management stock in a transaction on Monday, October 19th. The shares were sold at an average price of $22.00, for a total value of $1,047,750,000.00. The disclosure for this sale can be found here.

A number of analysts recently commented on BAM shares. Smith Barney Citigroup upgraded Brookfield Asset Management from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Monday, October 19th. Zacks Investment Research cut Brookfield Asset Management from a “hold” rating to a “sell” rating in a research report on Wednesday, October 14th. Royal Bank of Canada lifted their price target on Brookfield Asset Management from $45.00 to $51.00 and gave the company an “outperform” rating in a report on Tuesday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Brookfield Asset Management from a “neutral” rating to a “buy” rating and lifted their price target for the company from $38.00 to $40.00 in a report on Monday, October 19th. Finally, Scotiabank lifted their price target on Brookfield Asset Management from $42.00 to $42.50 in a report on Friday, September 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Brookfield Asset Management has an average rating of “Buy” and an average target price of $43.53.

Brookfield Asset Management Company Profile

Brookfield Asset Management is a leading global alternative asset manager and one of the largest investors in real assets. Our investment focus is on real estate, renewable power, infrastructure and private equity assets. Our objective is to generate attractive long-term risk-adjusted returns for the benefit of our clients and shareholders.

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

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