Symmetry Partners LLC Sells 5,572 Shares of Brookfield Asset Management Inc (NYSE:BAM)

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Symmetry Partners LLC decreased its holdings in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 45.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,760 shares of the financial services provider’s stock after selling 5,572 shares during the period. Symmetry Partners LLC’s holdings in Brookfield Asset Management were worth $359,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BAM. Capital Insight Partners LLC raised its holdings in shares of Brookfield Asset Management by 2.3% in the 2nd quarter. Capital Insight Partners LLC now owns 20,317 shares of the financial services provider’s stock valued at $971,000 after purchasing an additional 457 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Brookfield Asset Management by 1.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 88,355 shares of the financial services provider’s stock valued at $4,222,000 after purchasing an additional 898 shares during the period. Sanders Morris Harris LLC bought a new stake in shares of Brookfield Asset Management in the 2nd quarter valued at about $577,000. Hexavest Inc. raised its holdings in shares of Brookfield Asset Management by 6.4% in the 2nd quarter. Hexavest Inc. now owns 327,091 shares of the financial services provider’s stock valued at $15,682,000 after purchasing an additional 19,744 shares during the period. Finally, Hennessy Advisors Inc. bought a new stake in shares of Brookfield Asset Management in the 2nd quarter valued at about $2,891,000. Institutional investors own 58.04% of the company’s stock.

Brookfield Asset Management stock traded down $0.21 during trading hours on Friday, hitting $56.35. The company had a trading volume of 137,569 shares, compared to its average volume of 1,389,303. The firm has a market cap of $59.27 billion, a PE ratio of 19.16 and a beta of 1.05. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.11 and a quick ratio of 0.87. Brookfield Asset Management Inc has a one year low of $36.58 and a one year high of $56.86. The firm has a 50-day moving average of $53.54 and a 200 day moving average of $50.11.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.25. Brookfield Asset Management had a net margin of 4.86% and a return on equity of 3.31%. The business had revenue of $16.92 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same quarter last year, the business posted $0.77 EPS. The firm’s revenue for the quarter was up 27.5% on a year-over-year basis.

A number of equities research analysts have recently issued reports on the stock. TD Securities upped their target price on shares of Brookfield Asset Management from $67.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Canaccord Genuity set a $62.00 price target on shares of Brookfield Asset Management and gave the company a “buy” rating in a report on Friday, September 27th. Citigroup increased their price target on shares of Brookfield Asset Management from $56.00 to $62.50 and gave the company a “buy” rating in a report on Friday, September 27th. BMO Capital Markets increased their price target on shares of Brookfield Asset Management from $55.00 to $59.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, ValuEngine cut shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Brookfield Asset Management currently has an average rating of “Buy” and a consensus target price of $59.92.

Brookfield Asset Management Company Profile

Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.

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

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