Insider Sale: Brookfield Asset Management Inc. (NYSE: BAM) Insider Sells 1,500,000 Shares

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Brookfield Asset Management Inc. (NYSE: BAMGet a rating) (TSE:BAM.A) insider Brookfield Asset Management sold 1,500,000 shares of the company in a trade on Friday, May 6. The stock was sold at an average price of $26.63, for a total transaction of $39,945,000.00. Following the transaction, the insider now directly owns 16,392,780 shares of the company, valued at $436,539,731.40. The sale was disclosed in an SEC filing, which is available via this link.

Brookfield Asset Management In has also recently completed the following transaction(s):

  • On Wednesday, May 4, Brookfield Asset Management sold 750,000 shares of Brookfield Asset Management. The stock was sold at an average price of $25.77, for a total transaction of $19,327,500.00.
  • On Tuesday, April 12, Brookfield Asset Management In sold 5,925 shares of Brookfield Asset Management. The stock was sold at an average price of $32.13, for a total value of $190,370.25.

Shares of NYSE: BAM opened at $48.44 on Friday. Brookfield Asset Management Inc. has a 1-year low of $44.74 and a 1-year high of $62.47. The company has a fifty-day simple moving average of $54.20 and a 200-day simple moving average of $56.52. The company has a market capitalization of $79.51 billion, a price-earnings ratio of 20.27 and a beta of 1.31.

Brookfield Asset Management (NYSE: BAMGet a rating) (TSE: BAM.A) last released its results on Thursday, February 10. The financial services provider reported EPS of $0.66 for the quarter. The company posted revenue of $21.79 billion for the quarter. Brookfield Asset Management posted a net margin of 5.24% and a return on equity of 3.21%. On average, sell-side analysts expect Brookfield Asset Management Inc. to post earnings per share of 3.22 for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Monday, February 28 received a dividend of $0.14. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.13. This represents an annualized dividend of $0.56 and a dividend yield of 1.16%. The ex-dividend date was Friday, February 25. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 23.43%.

Hedge funds have recently increased or reduced their holdings in the stock. Disciplined Investments LLC acquired a new stake in Brookfield Asset Management during the fourth quarter worth approximately $26,000. Strategic Asset Management LLC increased its position in Brookfield Asset Management by 121.5% during the fourth quarter. Strategic Asset Management LLC now owns 443 shares of the financial services provider worth $27,000 after buying 243 additional shares last quarter. GoalVest Advisory LLC acquired a new stake in Brookfield Asset Management during the first quarter worth approximately $28,000. Wealth Quarterback LLC acquired a new stake in Brookfield Asset Management during the third quarter worth approximately $30,000. Finally, Massmutual Trust Co. FSB ADV increased its position in Brookfield Asset Management by 46.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 636 shares of the financial services provider worth $36,000 after buying 201 more shares in the last quarter. 60.24% of the shares are currently held by institutional investors and hedge funds.

A number of brokerages have recently released reports on BAM. Credit Suisse Group upgraded Brookfield Asset Management from a “neutral” rating to an “outperforming” rating and raised its price target for the stock from $68.00 to $71.50 in a Wednesday, April 27 report . StockNews.com upgraded Brookfield Asset Management from a “sell” rating to a “hold” rating in a research note on Saturday, April 30. Deutsche Bank Aktiengesellschaft lowered its price target on Brookfield Asset Management from $64.00 to $62.00 and set a “holding” rating for the company in a Thursday, April 7 research note. Zacks Investment Research upgraded Brookfield Asset Management from a “sell” rating to a “hold” rating in a Monday, May 2 research note. Finally, Citigroup raised its price target on Brookfield Asset Management from $61.00 to $65.50 in a Friday, Feb. 11 research note. Four analysts gave the stock a hold rating, seven gave the stock a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $66.50.

About Brookfield Asset Management (Get a rating)

Brookfield Asset Management is an alternative asset manager and REIT/real estate investment manager firm focused on real estate, renewable energy, infrastructure, 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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