Brookfield Asset Management Inc (BAM) is Greystone Investment Management LLC’s Largest Position

Greystone Investment Management LLC cut its holdings in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 346,631 shares of the financial services provider’s stock after selling 6,489 shares during the quarter. Brookfield Asset Management comprises 6.9% of Greystone Investment Management LLC’s portfolio, making the stock its largest position. Greystone Investment Management LLC’s holdings in Brookfield Asset Management were worth $14,322,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. FMR LLC boosted its stake in Brookfield Asset Management by 18.9% in the second quarter. FMR LLC now owns 25,066,960 shares of the financial services provider’s stock valued at $983,697,000 after acquiring an additional 3,980,816 shares during the last quarter. TD Asset Management Inc. boosted its stake in Brookfield Asset Management by 2.4% in the second quarter. TD Asset Management Inc. now owns 21,728,082 shares of the financial services provider’s stock valued at $851,423,000 after acquiring an additional 518,648 shares during the last quarter. First Manhattan Co. boosted its stake in Brookfield Asset Management by 2.3% in the second quarter. First Manhattan Co. now owns 16,439,611 shares of the financial services provider’s stock valued at $644,597,000 after acquiring an additional 363,367 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Brookfield Asset Management by 58.7% in the second quarter. CIBC Asset Management Inc now owns 9,445,056 shares of the financial services provider’s stock valued at $370,221,000 after acquiring an additional 3,491,780 shares during the last quarter. Finally, Mawer Investment Management Ltd. boosted its stake in Brookfield Asset Management by 1.7% in the second quarter. Mawer Investment Management Ltd. now owns 9,115,516 shares of the financial services provider’s stock valued at $357,622,000 after acquiring an additional 153,125 shares during the last quarter. 52.28% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Thursday, August 10th. The financial services provider reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.28). Brookfield Asset Management had a net margin of 4.87% and a return on equity of 2.10%. The firm had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $5.27 billion. During the same period in the prior year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 58.1% compared to the same quarter last year.

A number of brokerages have issued reports on BAM. Scotiabank raised their price objective on shares of Brookfield Asset Management from $42.75 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 11th. Canaccord Genuity reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Brookfield Asset Management in a research note on Monday, October 2nd. ValuEngine cut shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, September 30th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Brookfield Asset Management in a research note on Thursday, September 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Brookfield Asset Management in a research note on Friday, July 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $48.17.

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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.

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

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