Madison Investment Holdings INC Cut Its Stake in Brookfield Asset Management In (BAM) by $8.09 Million

April 21, 2018 - By Richard Conner

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 S&P 500 Quality Po (SPHQ) by 226,213 shares to 865,212 shares, valued at $26.35 million in 2017Q4, according to the filing. It also increased its holding in Vanguard Financials Etf (VFH) by 148,473 shares in the quarter, for a total of 389,438 shares, and has risen its stake in Union Pacific Corp (NYSE:UNP).

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

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

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