Jones Collombin Investment Counsel INC Lowered Its Brookfield Asset Mgmt INC (BAM) Position by $3.50 Million

April 17, 2018 - By Michael Collier

Brookfield Asset Management Inc. (NYSE:BAM) Logo

Jones Collombin Investment Counsel Inc decreased its stake in Brookfield Asset Mgmt Inc (BAM) by 23.34% based on its latest 2017Q4 regulatory filing with the SEC. Jones Collombin Investment Counsel Inc sold 81,504 shares as the company’s stock declined 9.58% with the market. The institutional investor held 267,767 shares of the building operators company at the end of 2017Q4, valued at $11.66 million, down from 349,271 at the end of the previous reported quarter. Jones Collombin Investment Counsel Inc who had been investing in Brookfield Asset Mgmt Inc for a number of months, seems to be less bullish one the $36.14B market cap company. The stock increased 0.15% or $0.06 during the last trading session, reaching $39.23. About 566,714 shares traded. Brookfield Asset Management Inc. (NYSE:BAM) has risen 7.96% since April 17, 2017 and is uptrending. It has underperformed by 3.59% the S&P500.

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. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, November 9 report. The stock of Brookfield Asset Management Inc. (NYSE:BAM) has “Buy” rating given on Friday, November 10 by Citigroup. The company was maintained on Tuesday, March 27 by Scotia Capital. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, November 1 report. The company was maintained on Friday, February 16 by RBC Capital Markets. TD Securities maintained the stock with “Buy” rating in Thursday, November 9 report. On Friday, November 10 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Scotia Capital maintained Brookfield Asset Management Inc. (NYSE:BAM) on Friday, February 16 with “Buy” rating.

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

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