Cibc Asset Management INC Increased Its Stake in Brookfield Asset Mgmt INC (BAM)

April 16, 2018 - By Jenna Rose

Brookfield Asset Management Inc. (NYSE:BAM) Corporate Logo

Cibc Asset Management Inc’s holdings in Brookfield Asset Mgmt Inc (BAM) is rose by 2.53% based on its latest 2017Q4 regulatory filing with the SEC. The company’s stock declined 9.58% with the market as Cibc Asset Management Inc bought 263,332 shares. At the end of 2017Q4, the institutional investor held 10.67M shares of the building operators company, valued at $466.22 million, up from 10.40M at the end of the previous reported quarter. $36.08 billion is Brookfield Asset Mgmt Inc’s market cap. The stock increased 0.18% or $0.07 during the last trading session, reaching $39.17.Currently Brookfield Asset Management Inc. is uptrending after 7.96% change in last April 16, 2017. BAM has 747,313 shares volume. BAM underperformed the S&P 500 by 3.59%.

The Cibc Asset Management Inc’s stake in Pfizer Inc (NYSE:PFE) was decreased by 373,619 shares to 602,753 shares valued at $21.83M in 2017Q4, according to the filing. It manages about $16.35B US Long portfolio. For a total of 1.90M shares it reduced its holding in Canadian Pac Ry Ltd (NYSE:CP) by 775,159 shares in the quarter, and has cut its stake in Sun Life Finl Inc (NYSE:SLF).

Brookfield Asset Management Inc. (NYSE:BAM) Ratings Coverage

Total analysts of 5 have positions in Brookfield Asset Mng (NYSE:BAM) as follows: 5 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. Since November 1, 2017 according to StockzIntelligence Inc Brookfield Asset Mng has 8 analyst reports. On Friday, February 16 the stock of Brookfield Asset Management Inc. (NYSE:BAM) has “Buy” rating given by RBC Capital Markets. On Tuesday, March 27 the firm has “Buy” rating given by Scotia Capital. On Friday, February 16 the firm earned “Buy” rating by Scotia Capital. On Thursday, November 9 the rating was maintained by TD Securities with “Buy”. On Friday, November 10 the rating was maintained by Citigroup with “Buy”. On Wednesday, November 1 RBC Capital Markets maintained the shares of BAM in report with “Buy” rating. The stock rating was maintained by RBC Capital Markets with “Buy” on Thursday, November 9. The company rating was maintained by Keefe Bruyette & Woods on Friday, November 10.

Brookfield Asset Management Inc. (NYSE:BAM) Analyst Ratings Chart

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