Crestwood Advisors Group LLC Has $387,000 Stock Position in Brookfield Asset Management Inc. (NYSE:BAM)

Crestwood Advisors Group LLC trimmed its position in Brookfield Asset Management Inc. (NYSE:BAMGet Rating) (TSE:BAM.A) by 39.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,841 shares of the financial services provider’s stock after selling 4,384 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Brookfield Asset Management were worth $387,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BAM. Dimensional Fund Advisors LP lifted its position in shares of Brookfield Asset Management by 6.2% in the third quarter. Dimensional Fund Advisors LP now owns 492,952 shares of the financial services provider’s stock worth $26,378,000 after purchasing an additional 28,936 shares in the last quarter. Voya Investment Management LLC purchased a new stake in shares of Brookfield Asset Management in the third quarter worth approximately $383,000. Guggenheim Capital LLC lifted its position in shares of Brookfield Asset Management by 10.5% in the third quarter. Guggenheim Capital LLC now owns 5,191 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 495 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Brookfield Asset Management by 45.5% in the third quarter. MML Investors Services LLC now owns 9,876 shares of the financial services provider’s stock worth $528,000 after purchasing an additional 3,087 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Brookfield Asset Management by 381.4% in the third quarter. Millennium Management LLC now owns 304,251 shares of the financial services provider’s stock worth $16,304,000 after purchasing an additional 241,044 shares in the last quarter. Institutional investors own 60.24% of the company’s stock.

In other Brookfield Asset Management news, major shareholder Oaktree Capital Management Gp, sold 585,735 shares of Brookfield Asset Management stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $31.00, for a total transaction of $18,157,785.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Oaktree Capital Management Lp sold 163,915 shares of Brookfield Asset Management stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $11.35, for a total transaction of $1,860,435.25. Following the sale, the insider now owns 12,727,802 shares in the company, valued at approximately $144,460,552.70. The disclosure for this sale can be found here. Insiders have sold 4,586,644 shares of company stock worth $112,704,831 in the last quarter.

Shares of Brookfield Asset Management stock opened at $43.51 on Thursday. The company’s fifty day simple moving average is $48.91 and its 200-day simple moving average is $53.72. The company has a market cap of $71.42 billion, a price-to-earnings ratio of 17.91 and a beta of 1.31. 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 1 year low of $42.86 and a 1 year high of $62.47.

Brookfield Asset Management (NYSE:BAMGet Rating) (TSE:BAM.A) last announced its quarterly earnings data on Thursday, May 12th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.11. The business had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $18.35 billion. Brookfield Asset Management had a net margin of 5.04% and a return on equity of 3.25%. During the same quarter last year, the company posted $1.80 earnings per share. As a group, research analysts forecast that Brookfield Asset Management Inc. will post 3.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Tuesday, May 31st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 27th. This represents a $0.56 dividend on an annualized basis and a yield of 1.29%. Brookfield Asset Management’s dividend payout ratio is currently 23.05%.

A number of analysts have recently issued reports on the stock. Credit Suisse Group raised shares of Brookfield Asset Management from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $68.00 to $71.50 in a research report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Brookfield Asset Management from $60.00 to $57.00 in a research report on Thursday, May 19th. Royal Bank of Canada cut their price objective on shares of Brookfield Asset Management from $72.00 to $68.00 and set an “outperform” rating on the stock in a research report on Friday, May 20th. Finally, StockNews.com raised shares of Brookfield Asset Management from a “sell” rating to a “hold” rating in a research report on Saturday, April 30th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Brookfield Asset Management currently has a consensus rating of “Moderate Buy” and an average target price of $66.50.

Brookfield Asset Management Profile (Get Rating)

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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