Brookfield Asset Management targets unusually large option trades (NYSE:BAM)

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Brookfield Asset Management Inc. (NYSE:BAM – Get Rating) (TSE:BAM.A) was the target of unusual options trading activity on Friday. Investors bought 8,072 put options on the company. This is a 1,101% increase from the average volume of 672 put options.

A number of brokerages have recently released reports on BAM. Citigroup raised its price target on shares of Brookfield Asset Management from $61.00 to $65.50 in a Friday, Feb. 11 research note. Zacks Investment Research upgraded Brookfield Asset Management shares from a “strong buy” rating to a “hold” rating in a Monday, February 21 research note. lifted its price target on Brookfield Asset Management shares from $66.00 to $69.00 and gave the company a “buy” rating in a Friday, November 12 research note. Royal Bank of Canada raised its target price on shares of Brookfield Asset Management from $65.00 to $70.00 and gave the stock an “outperform” rating in a Monday, November 15 research note. Finally, TD Securities raised its target price on Brookfield Asset Management shares from $75.00 to $77.00 and gave the stock a “buy on stock” rating in a research note from the Monday, February 7. Four analysts gave the stock a hold rating, six gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat.com, the stock currently has a consensus buy rating and an average price target of $66.35.

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Hedge funds have recently increased or reduced their holdings in the stock. During the fourth quarter, Disciplined Investments LLC acquired a new position in shares of Brookfield Asset Management worth approximately $26,000. Strategic Asset Management LLC increased its equity stake in Brookfield Asset Management by 121.5% during the fourth quarter. Strategic Asset Management LLC now owns 443 shares of the financial services provider valued at $27,000 after purchasing an additional 243 shares during the period. Wealth Quarterback LLC acquired a new stock position in Brookfield Asset Management during the third quarter worth approximately $30,000. Benjamin F. Edwards & Company Inc. acquired a new stock position in Brookfield Asset Management during the fourth quarter valued at approximately $38,000. Finally, CWM LLC acquired a new position in shares of Brookfield Asset Management during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 60.23% of the company’s shares.

Shares of Brookfield Asset Management traded down $0.42 in Friday trading, hitting $53.50. The company’s shares had a trading volume of 1,719,946 shares, compared to an average trading volume of 2,000,682 shares. The company has a debt ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.94. Brookfield Asset Management has a 52-week low of $42.98 and a 52-week high of $62.47. The stock has a market capitalization of $87.77 billion, a price-earnings ratio of 22.39 and a beta of 1.30. The stock has a 50-day moving average price of $55.36 and a 200-day moving average price of $56.93.

Brookfield Asset Management (NYSE:BAM – Get Rating) (TSE:BAM.A) last reported results on Thursday, February 10. The financial services provider reported earnings per share (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 3.19%. On average, stock analysts expect Brookfield Asset Management to post EPS of 3.27 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 31. Investors of record on Monday, February 28 will receive a dividend of $0.14. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, February 25. This represents an annualized dividend of $0.56 and a yield of 1.05%. Brookfield Asset Management’s payout ratio is currently 23.43%.

Brookfield Asset Management Company Profile (Get an assessment)

Brookfield Asset Management, Inc. is engaged in the management of public and private investment products and services for institutional and retail clients. It operates through the following segments: Asset Management, Real Estate, Renewable Energy, Infrastructure, Private Equity, Residential Development and Corporate Activities.

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