LVW Advisors LLC Buys 371 Shares of Brookfield Asset Management Inc (BAM)

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LVW Advisors LLC grew its holdings in Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,998 shares of the financial services provider’s stock after buying an additional 371 shares during the quarter. LVW Advisors LLC’s holdings in Brookfield Asset Management were worth $307,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parkside Investments LLC increased its stake in Brookfield Asset Management by 37.5% in the 4th quarter. Parkside Investments LLC now owns 94,312 shares of the financial services provider’s stock valued at $3,616,000 after purchasing an additional 25,715 shares in the last quarter. SeaBridge Investment Advisors LLC increased its stake in Brookfield Asset Management by 62.5% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 1,950 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 750 shares in the last quarter. Vision Capital Corp purchased a new position in Brookfield Asset Management in the 4th quarter valued at approximately $9,190,000. Beck Mack & Oliver LLC increased its stake in Brookfield Asset Management by 1.3% in the 4th quarter. Beck Mack & Oliver LLC now owns 753,949 shares of the financial services provider’s stock valued at $28,914,000 after purchasing an additional 9,829 shares in the last quarter. Finally, Taylor Hoffman Wealth Management increased its stake in Brookfield Asset Management by 8.4% in the 4th quarter. Taylor Hoffman Wealth Management now owns 53,613 shares of the financial services provider’s stock valued at $2,035,000 after purchasing an additional 4,161 shares in the last quarter. 61.02% of the stock is owned by institutional investors and hedge funds.

Brookfield Asset Management stock opened at $43.12 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. The firm has a market cap of $43.42 billion, a price-to-earnings ratio of 16.88 and a beta of 1.18. Brookfield Asset Management Inc has a fifty-two week low of $36.58 and a fifty-two week high of $45.04.

Several equities analysts have weighed in on BAM shares. Scotiabank set a $53.00 price target on Brookfield Asset Management and gave the stock a “buy” rating in a research report on Thursday, October 18th. Citigroup started coverage on Brookfield Asset Management in a research report on Tuesday, November 13th. They set a “buy” rating and a $49.50 price target for the company. Credit Suisse Group set a $50.00 price target on Brookfield Asset Management and gave the stock a “buy” rating in a research report on Sunday, December 23rd. Finally, TD Securities raised their price target on Brookfield Asset Management from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, November 9th. Six investment analysts have rated the stock with a buy rating, Brookfield Asset Management has an average rating of “Buy” and a consensus price target of $51.75.

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Brookfield Asset Management Company Profile

Brookfield Asset Management Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. Its property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services.

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

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