Economy

Brookfield Asset Management Inc (BAM) Hits a 52-Week High

Brookfield Asset Management Inc (BAM) Hits a 52-Week High”

Several other institutional investors and hedge funds also recently modified their holdings of BAM. As of the end of the quarter Manufacturers Life Insurance Company, The had bought 9,629,378 shares growing its stake by 6,902.2%. Checchi Capital Advisers LLC acquired a new stake in Brookfield Asset Management during the second quarter worth about $208,000. The value of the investment in (BAM) went from $5,087,000 to $382,454,000 a change of $377,367,000 since the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in Brookfield Asset Management by 112.3% during the second quarter. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and worldwide copyright & trademark legislation.

More notable recent Brookfield Asset Management Inc (NYSE:BAM) news were published by: Seekingalpha.com which released: "Brookfield Business Partners raising capital" on September 19, 2017, also Seekingalpha.com with their article: "Brookfield Renewable Partners: Strong & Steady" published on September 18, 2017, Nasdaq.com published: "Brookfield Asset Management Inc".

ILLEGAL ACTIVITY NOTICE: "Quantitative Investment Management LLC Has $5.34 Million Position in Brookfield Asset Management Inc (BAM)" was first published by TrueBlueTribune and is owned by of TrueBlueTribune. Overall, volume was down 98.80% under the stocks normal daily volume. Company's 50 day SMA is $39.10 and its 200 day SMA is $38.06. The value of the total investment in Brookfield Asset Management Inc decreased from $1,000 to $1,000 decreasing 0.0% since the last quarter. The stock has a market cap of $38.97 billion, a price-to-earnings ratio of 31.53 and a beta of 1.03. The financial services provider reported $0.19 EPS for the quarter, missing the Zacks' consensus estimate of $0.47 by ($0.28). The company had revenue of $9.44 billion during the quarter, compared to analysts' expectations of $5.27 billion. Brookfield Asset Management had a net margin of 4.87% and a return on equity of 2.10%. The firm's revenue for the quarter was up 58.1% compared to the same quarter a year ago. During the same quarter past year, the firm posted $0.15 EPS.

More About Brookfield Asset Management Inc. The dividend was $0.140 per share for the quarter or $0.56 on an annualized basis. The stock recorded a rise in short interest of 17.68% between August 15, 2017 and August 31, 2017. Brookfield Asset Management's dividend payout ratio (DPR) is 43.75%. On Monday, September 25 the stock rating was maintained by Keefe Bruyette & Woods with "Buy". Lastly, Royal Bank Of Canada reiterated a "buy" recommendation and fixed a $42.00 target price on the stock of Brookfield Asset Management in a note on Tue, Jun 20th. around three Brokerage firms have recommended the share with a hold recommendation and around seven has issued a buy recommendation to the firms shares. BidaskClub upgraded shares of Brookfield Asset Management from a "hold" rating to a "buy" rating in a research note on Thursday, June 29th. Royal Bank of Canada now has a $41.00 price target on the stock. Scotiabank raised their price target on Brookfield Asset Management from $41.75 to $42.50 and gave the company an "outperform" rating in a report on Wednesday, August 9th.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) previously announced its earnings report on Early Thur, Aug 10th. The stock presently has a consensus rating of Buy and an average target price of $40.44.

Brookfield Asset Management Inc.is an alternative asset manager. The Firm operates in eight divisions. This capital includes publicly listed partnerships that are listed on stock exchanges, as well as private institutional partnerships that are available to accredited investors, typically pension funds, endowments and other institutional investors.



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