Credit Suisse AG Has $39.47 Million Position in Brookfield Asset Management Inc (BAM)

Credit Suisse AG decreased its position in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 2.0% during the first quarter, Holdings Channel reports. The institutional investor owned 1,082,419 shares of the financial services provider’s stock after selling 22,139 shares during the period. Credit Suisse AG’s holdings in Brookfield Asset Management were worth $39,465,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Signaturefd LLC raised its stake in Brookfield Asset Management by 0.5% in the first quarter. Signaturefd LLC now owns 9,975 shares of the financial services provider’s stock worth $364,000 after buying an additional 45 shares during the period. Geode Capital Management LLC raised its stake in 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 period. Allen Investment Management LLC raised its stake in Brookfield Asset Management by 2.2% in the first quarter. Allen Investment Management LLC now owns 14,868 shares of the financial services provider’s stock worth $542,000 after buying an additional 321 shares during the period. Levin Capital Strategies L.P. raised its stake in Brookfield Asset Management by 1.6% in the first quarter. Levin Capital Strategies L.P. now owns 21,000 shares of the financial services provider’s stock worth $766,000 after buying an additional 330 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Brookfield Asset Management by 3.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,000 shares of the financial services provider’s stock worth $438,000 after buying an additional 450 shares during the period. 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 0.31% during trading on Friday, reaching $38.67. The company had a trading volume of 772,519 shares. The company has a market capitalization of $37.07 billion, a PE ratio of 31.01 and a beta of 1.04. Brookfield Asset Management Inc has a 52-week low of $31.80 and a 52-week high of $38.99. The company has a 50 day moving average price of $37.94 and a 200 day moving average price of $36.00.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, May 26th. Brookfield Asset Management’s payout ratio is 44.80%.

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A number of analysts have recently issued reports on the stock. TD Securities reissued a “buy” rating on shares of Brookfield Asset Management in a research report on Saturday, May 13th. Royal Bank Of Canada reissued a “buy” rating and issued a $42.00 price target on shares of Brookfield Asset Management in a research report on Tuesday. ValuEngine lowered shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $45.00 price target on shares of Brookfield Asset Management in a research report on Friday, May 12th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Brookfield Asset Management has a consensus rating of “Buy” and an average target price of $41.57.

About Brookfield Asset Management

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.

Want to see what other hedge funds are holding BAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A).

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