Brookfield Asset Management Inc (BAM) Shares Sold by United Capital Financial Advisers LLC

United Capital Financial Advisers LLC lowered its position in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 6.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,387 shares of the financial services provider’s stock after selling 3,183 shares during the period. United Capital Financial Advisers LLC’s holdings in Brookfield Asset Management were worth $1,801,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BAM. Group One Trading L.P. bought a new position in shares of Brookfield Asset Management during the first quarter worth approximately $186,000. Gould Asset Management LLC CA bought a new position in shares of Brookfield Asset Management during the first quarter worth approximately $213,000. Fisher Asset Management LLC bought a new position in shares of Brookfield Asset Management during the first quarter worth approximately $215,000. Kings Point Capital Management boosted its position in shares of Brookfield Asset Management by 82.7% in the first quarter. Kings Point Capital Management now owns 6,275 shares of the financial services provider’s stock worth $229,000 after buying an additional 2,840 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Brookfield Asset Management by 4.2% in the first quarter. Geode Capital Management LLC now owns 7,262 shares of the financial services provider’s stock worth $264,000 after buying an additional 296 shares during the last quarter. 53.52% of the stock is owned by institutional investors.

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

Brookfield Asset Management Inc (NYSE:BAM) traded up 0.68% on Friday, reaching $38.29. The company’s stock had a trading volume of 716,066 shares. Brookfield Asset Management Inc has a 52-week low of $31.80 and a 52-week high of $38.99. The stock’s 50 day moving average price is $37.82 and its 200 day moving average price is $35.85. The firm has a market cap of $36.70 billion, a PE ratio of 30.71 and a beta of 1.04.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings results on Thursday, May 11th. The financial services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.26. Brookfield Asset Management had a net margin of 5.39% and a return on equity of 2.12%. The business had revenue of $6 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same period in the previous year, the business earned $0.69 EPS. The business’s revenue was up 15.0% on a year-over-year basis. Equities research analysts expect that Brookfield Asset Management Inc will post $1.31 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st will be issued a $0.14 dividend. The ex-dividend date is Friday, May 26th. This represents a $0.56 annualized dividend and a dividend yield of 1.46%. Brookfield Asset Management’s payout ratio is currently 44.80%.

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A number of research analysts recently commented on BAM shares. Royal Bank of Canada cut Brookfield Asset Management from a “top pick” rating to an “outperform” rating in a research report on Thursday, February 16th. TheStreet upgraded Brookfield Asset Management from a “c+” rating to a “b” rating in a research report on Friday, February 17th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $45.00 price target on shares of Brookfield Asset Management in a research report on Friday, May 12th. TD Securities restated a “buy” rating on shares of Brookfield Asset Management in a research report on Saturday, May 13th. Finally, ValuEngine cut Brookfield Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $41.57.

Brookfield Asset Management Company Profile

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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