As Brookfield Asset Management In (BAM) Valuation Declined, Holder Madison Investment Holdings INC Decreased Position by $8.09 Million

April 21, 2018 - By Kurt Siggers

Brookfield Asset Management Inc. (NYSE:BAM) Logo

Madison Investment Holdings Inc decreased its stake in Brookfield Asset Management In (BAM) by 7.48% based on its latest 2017Q4 regulatory filing with the SEC. Madison Investment Holdings Inc sold 188,147 shares as the company’s stock declined 9.58% with the market. The institutional investor held 2.33M shares of the building operators company at the end of 2017Q4, valued at $101.34 million, down from 2.52M at the end of the previous reported quarter. Madison Investment Holdings Inc who had been investing in Brookfield Asset Management In for a number of months, seems to be less bullish one the $35.55 billion market cap company. The stock decreased 0.54% or $0.21 during the last trading session, reaching $38.59. About 668,032 shares traded. Brookfield Asset Management Inc. (NYSE:BAM) has risen 7.96% since April 21, 2017 and is uptrending. It has underperformed by 3.59% the S&P500.

Madison Investment Holdings Inc, which manages about $5.86B US Long portfolio, upped its stake in Powershares Optimum Yield Dive by 633,367 shares to 1.62M shares, valued at $28.25 million in 2017Q4, according to the filing. It also increased its holding in Baker Hughes A Ge Co by 112,700 shares in the quarter, for a total of 269,400 shares, and has risen its stake in Omnicom Group Inc. (NYSE:OMC).

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

Among 5 analysts covering Brookfield Asset Mng (NYSE:BAM), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Brookfield Asset Mng had 8 analyst reports since November 1, 2017 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Wednesday, November 1 with “Buy”. Keefe Bruyette & Woods maintained the shares of BAM in report on Friday, November 10 with “Buy” rating. The rating was maintained by Scotia Capital on Friday, February 16 with “Buy”. As per Friday, February 16, the company rating was maintained by RBC Capital Markets. Citigroup maintained the stock with “Buy” rating in Friday, November 10 report. The firm earned “Buy” rating on Tuesday, March 27 by Scotia Capital. RBC Capital Markets maintained the shares of BAM in report on Thursday, November 9 with “Buy” rating. The firm earned “Buy” rating on Thursday, November 9 by TD Securities.

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

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