Brookfield Asset Management sells 750,000 shares of Brookfield Asset Management Inc. (NYSE:BAM) Stock


Brookfield Asset Management Inc. (NYSE:BAM – Get Rating) (TSE:BAM.A) insider Brookfield Asset Management In sold 750,000 shares in a trade that took place on Wednesday, May 4. The stock was sold at an average price of $25.77, for a total value of $19,327,500.00. Following the completion of the sale, the insider now owns 18,538,903 shares of the company, valued at approximately $477,747,530.31. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website.

Brookfield Asset Management In has also recently completed the following transaction(s):

  • On Friday, May 6, Brookfield Asset Management In sold 1,500,000 shares of Brookfield Asset Management. The stock was sold at an average price of $26.63, for a total value of $39,945,000.00.
  • On Tuesday, April 12, Brookfield Asset Management In sold 5,925 shares of Brookfield Asset Management. The stock was sold at an average price of $32.13, for a total value of $190,370.25.

BAM stock opened at $48.44 on Friday. The company has a market capitalization of $79.51 billion, a P/E ratio of 20.27 and a beta of 1.31. Brookfield Asset Management Inc. has a 1-year low of $44.74 and a 1-year high of $62.47. The stock’s fifty-day moving average price is $54.20 and its 200-day moving average price is $56.52.

Brookfield Asset Management (NYSE:BAM – Get Rating) (TSE:BAM.A) last released its quarterly results on Thursday, February 10. The financial services provider reported earnings per share (EPS) of $0.66 for the quarter. The company posted revenue of $21.79 billion for the quarter. Brookfield Asset Management posted a return on equity of 3.21% and a net margin of 5.24%. Sell-side analysts expect Brookfield Asset Management Inc. to post earnings per share of 3.22 for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31. Investors of record on Monday, February 28 received a dividend of $0.14 per share. The ex-dividend date was Friday, February 25. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.13. This represents an annualized dividend of $0.56 and a yield of 1.16%. Brookfield Asset Management’s payout ratio is 23.43%.

Several research analysts have recently published reports on the company. Credit Suisse Group upgraded Brookfield Asset Management from a “neutral” rating to an “outperforming” rating and raised its target price for the stock from $68.00 to $71.50 in a Wednesday 27 research report. april. Zacks Investment Research upgraded Brookfield Asset Management from a “sell” rating to a “hold” rating in a Monday, May 2, research report. Citigroup raised its price target on Brookfield Asset Management from $61.00 to $65.50 in a Friday, February 11 research report. TD Securities raised its price target on Brookfield Asset Management from $75.00 to $77.00 and gave the company a “buy on stock listing” rating in a Monday, Feb. 7 research report. Finally, Deutsche Bank Aktiengesellschaft cut its price target on Brookfield Asset Management from $64.00 to $62.00 and set a “holding” rating for the company in a Thursday, April 7 research report. Four research analysts gave the stock a hold rating, seven gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat, Brookfield Asset Management currently has a consensus buy rating and a consensus target price of $66.50.

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in BAM. Brookfield Asset Management Inc. acquired a new position in Brookfield Asset Management during the third quarter worth $6,974,274,000. Norges Bank acquired a new stake in Brookfield Asset Management during the fourth quarter valued at approximately $810,807,000. Viking Global Investors LP increased its stake in Brookfield Asset Management by 311.2% during the third quarter. Viking Global Investors LP now owns 16,987,106 shares of the financial services provider valued at $908,980,000 after acquiring an additional 12,856,497 shares during the period. FIL Ltd increased its stake in Brookfield Asset Management by 30.0% during the third quarter. FIL Ltd now owns 29,604,720 shares of the financial services provider valued at $1,586,351,000 after acquiring an additional 6,829,447 shares during the period. Finally, National Bank of Canada FI acquired a new stake in Brookfield Asset Management during the fourth quarter valued at approximately $179,508,000. Institutional investors hold 60.24% of the company’s shares.

About Brookfield Asset Management (Get a rating)

Brookfield Asset Management is an alternative asset manager and REIT/real estate investment manager firm focused on real estate, renewable energy, infrastructure, 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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