Cooke & Bieler LP boosted its stake in Brookfield Asset Management Inc. (NYSE:BAM – Get Rating) (TSE:BAM.A) by 33.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,562,190 shares of the financial services provider's stock after purchasing an additional 1,133,051 shares during the period. Brookfield Asset Management comprises 2.0% of Cooke & Bieler LP's investment portfolio, making the stock its 13th largest position. Cooke & Bieler LP owned 0.28% of Brookfield Asset Management worth $202,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Brookfield Asset Management by 2.8% in the first quarter. Vanguard Group Inc. now owns 44,050,716 shares of the financial services provider's stock worth $2,491,950,000 after buying an additional 1,220,298 shares during the period. Principal Financial Group Inc. grew its stake in shares of Brookfield Asset Management by 12.8% in the first quarter. Principal Financial Group Inc. now owns 43,430,538 shares of the financial services provider's stock worth $2,456,964,000 after purchasing an additional 4,943,494 shares during the last quarter. TD Asset Management Inc. increased its stake in shares of Brookfield Asset Management by 0.9% during the first quarter. TD Asset Management Inc. now owns 30,636,753 shares of the financial services provider's stock valued at $1,733,642,000 after buying an additional 272,990 shares during the period. Mackenzie Financial Corp increased its position in Brookfield Asset Management by 4.8% during the 1st quarter. Mackenzie Financial Corp now owns 23,766,556 shares of the financial services provider's stock valued at $1,345,648,000 after purchasing an additional 1,087,710 shares during the period. Finally, 1832 Asset Management L.P. increased its position in shares of Brookfield Asset Management by 3.5% during the first quarter. 1832 Asset Management L.P. now owns 23,020,258 shares of the financial services provider's stock valued at $1,285,405,000 after buying an additional 774,602 shares during the period. Institutional investors own 59.54% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Opps Tpic Holdings, Llc sold 3,963,416 shares of the business's stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $18.85, for a total value of $74,710,391.60. Following the sale, the insider now directly owns 12,263 shares in the company, valued at $231,157.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Brookfield Asset Management Price Performance

Brookfield Asset Management (NYSE:BAM – Get Rating) (TSE:BAM.A) last posted its earnings results on Thursday, August 11th. The financial services provider reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.39). The firm had revenue of $23.26 billion during the quarter, compared to analysts' expectations of $19.42 billion. Brookfield Asset Management had a return on equity of 3.02% and a net margin of 4.48%. During the same quarter in the prior year, the firm posted $1.01 earnings per share. On average, equities research analysts forecast that Brookfield Asset Management Inc. will post 3.19 earnings per share for the current fiscal year.

Brookfield Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Wednesday, August 31st were given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.38%. Brookfield Asset Management's dividend payout ratio is currently 24.56%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BAM shares. TD Securities lifted their price target on shares of Brookfield Asset Management from $72.00 to $73.00 and gave the company an "action list buy" rating in a research report on Thursday, September 15th. StockNews.com lowered Brookfield Asset Management from a "hold" rating to a "sell" rating in a report on Monday, September 19th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Brookfield Asset Management from $57.00 to $52.00 in a report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Brookfield Asset Management currently has a consensus rating of "Moderate Buy" and an average target price of $66.50.

Brookfield Asset Management Profile

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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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