Brookfield Asset Management Inc (BAM) is Fenimore Asset Management Inc.’s 6th Largest Position

Fenimore Asset Management Inc. reduced its position in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,013,929 shares of the financial services provider’s stock after selling 7,213 shares during the quarter. Brookfield Asset Management makes up about 3.3% of Fenimore Asset Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Fenimore Asset Management Inc.’s holdings in Brookfield Asset Management were worth $87,686,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in Brookfield Asset Management by 0.7% in the third quarter. Principal Financial Group Inc. now owns 25,353,413 shares of the financial services provider’s stock valued at $1,047,092,000 after buying an additional 172,950 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Brookfield Asset Management by 2.5% in the fourth quarter. CIBC Asset Management Inc now owns 10,665,101 shares of the financial services provider’s stock valued at $466,222,000 after buying an additional 263,332 shares during the last quarter. Mawer Investment Management Ltd. increased its holdings in Brookfield Asset Management by 0.3% in the third quarter. Mawer Investment Management Ltd. now owns 9,139,569 shares of the financial services provider’s stock valued at $377,468,000 after buying an additional 24,053 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Brookfield Asset Management by 8.6% in the third quarter. Great West Life Assurance Co. Can now owns 8,919,066 shares of the financial services provider’s stock valued at $366,421,000 after buying an additional 707,574 shares during the last quarter. Finally, Markel Corp increased its holdings in Brookfield Asset Management by 1.4% in the third quarter. Markel Corp now owns 5,435,821 shares of the financial services provider’s stock valued at $224,499,000 after buying an additional 75,000 shares during the last quarter. 54.10% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on BAM shares. TheStreet raised Brookfield Asset Management from a “c+” rating to a “b-” rating in a report on Thursday, December 28th. Royal Bank of Canada boosted their price objective on Brookfield Asset Management from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Scotiabank boosted their price objective on Brookfield Asset Management from $44.75 to $45.50 and gave the company an “outperform” rating in a report on Friday, November 10th. Finally, Citigroup lowered their price objective on Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating for the company in a report on Friday, November 10th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Brookfield Asset Management currently has a consensus rating of “Buy” and an average target price of $47.00.

Brookfield Asset Management Inc (BAM) opened at $38.01 on Friday. The company has a market capitalization of $37,569.16, a P/E ratio of 84.47 and a beta of 0.98. Brookfield Asset Management Inc has a fifty-two week low of $35.30 and a fifty-two week high of $44.33. The company has a current ratio of 1.29, a quick ratio of 1.01 and a debt-to-equity ratio of 0.92.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Thursday, November 9th. The financial services provider reported $0.20 EPS for the quarter. The company had revenue of $15.40 billion during the quarter. Brookfield Asset Management had a return on equity of 0.86% and a net margin of 1.70%.

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Brookfield Asset Management 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.

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

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