13F Action: As Brookfield Asset Manage (BAM) Market Valuation Rose, Shareholder Mawer Investment Management LTD Has Decreased Stake

13F Action: As Brookfield Asset Manage (BAM) Market Valuation Rose, Shareholder Mawer Investment Management LTD Has Decreased Stake

Mawer Investment Management Ltd decreased its stake in Brookfield Asset Manage (BAM) by 4.86% based on its latest 2016Q3 regulatory filing with the SEC. Mawer Investment Management Ltd sold 470,857 shares as the company’s stock rose 5.71% with the market. The institutional investor held 9.22 million shares of the building operators company at the end of 2016Q3, valued at $322.89M, down from 9.69 million at the end of the previous reported quarter. Mawer Investment Management Ltd who had been investing in Brookfield Asset Manage for a number of months, seems to be less bullish one the $32.95B market cap company. The stock is up 0.21% or $0.07 hitting $33.2, despite the negative news. About 259,994 shares traded hands. Brookfield Asset Management Inc (NYSE:BAM) has declined 5.45% since June 7, 2016 and is downtrending. It has underperformed by 12.87% the S&P500.

Mawer Investment Management Ltd, which manages about $20.93 billion and $9.53B US Long portfolio, upped its stake in Johnson & Johnson (NYSE:JNJ) by 45,356 shares to 1.39 million shares, valued at $163.08M in 2016Q3, according to the filing. It also increased its holding in Rogers Communications In (NYSE:RCI) by 5.91M shares in the quarter, for a total of 6.02 million shares, and has risen its stake in Alphabet Inc.

Mawer Investment Management Ltd is a Alberta, Canada-based institutional investor with more than $20.93 billion AUM in June, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Mawer Investment Management latest Adv, the fund reported to have 100 full and part-time employees. Among which 35 performing investment advisory and research functions. The institutional investor had more than 2300 clients.

Analysts await Brookfield Asset Management Inc (NYSE:BAM) to report earnings on February, 10.

More important recent Brookfield Asset Management Inc (NYSE:BAM) news were published by: Seekingalpha.com which released: “Brookfield Asset Management: A Strong Total Return Play For 2017” on January 11, 2017, also Fool.ca published article titled: “Brookfield Asset Management Inc.: Primed to Have a Stellar 2017”, Reuters.com published: “Brookfield Asset lists proposals for potential TerraForm Power deal” on January 10, 2017. More interesting news about Brookfield Asset Management Inc (NYSE:BAM) was released by: Fool.ca and their article: “Brookfield Asset Management Inc.: A Core Holding for Any Investor” with publication date: December 19, 2016.

According to Zacks Investment Research, “Brookfield Asset Management Inc. is an asset manager. Focused on property, power and infrastructure assets, the company has assets under management and is co-listed on the New York and Toronto Stock Exchanges under the symbol BAM. At Brookfield they continually strive to ensure that they have sound corporate governance practices to maintain investor confidence in the way in which they do business. To ensure it communicates with there practices and commitment to strong corporate governance, they are proud to share with its Statement of Corporate Governance, Corporate Disclosure Policy, Code of Business Conduct and Ethics and other related information on its corporate governance initiatives and practices.”

Brookfield Asset Management Inc (NYSE:BAM) Ratings Coverage

Out of 6 analysts covering Brookfield Asset Management Inc. (NYSE:BAM), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Brookfield Asset Management Inc. has been the topic of 13 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating by Zacks given on Monday, August 17. RBC Capital Markets maintained Brookfield Asset Management Inc (NYSE:BAM) on Thursday, October 8 with “Outperform” rating. BMO Capital Markets upgraded Brookfield Asset Management Inc (NYSE:BAM) on Wednesday, September 30 to “Outperform” rating. On Tuesday, May 24 the stock rating was initiated by Wood with “Outperform”. The stock of Brookfield Asset Management Inc (NYSE:BAM) earned “Top Pick” rating by RBC Capital Markets on Thursday, September 22. The stock of Brookfield Asset Management Inc (NYSE:BAM) earned “Outperform” rating by Keefe Bruyette & Woods on Tuesday, May 24. The rating was maintained by RBC Capital Markets on Monday, November 14 with “Top Pick”. As per Friday, October 16, the company rating was upgraded by IBC.

BAM Company Profile

Brookfield Asset Management Inc. (Brookfield), incorporated on January 1, 2005, is a global alternative asset manager. The Firm owns and operates assets with a focus on property, renewable energy, infrastructure and private equity. The Firm operates in eight divisions: Asset Management, Property, Renewable power, Infrastructure, Private equity, Residential development, Service activities and Corporate activities. It manages a range of investment funds and other entities that enable institutional and retail clients to invest in the assets it focuses on. It earns asset management income, including base management fees, carried interests and other forms of performance income for doing so. This capital includes publicly listed partnerships that are listed on stock exchanges, as well as private institutional partnerships that are available to accredited investors, typically pension funds, endowments and other institutional investors. The Firm also manages portfolios of listed securities through a series of segregated accounts and mutual funds.

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