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Mackenzie Financial Corp Holding In Brookfield Asset Mgmt INC (BAM) Was Has Boosted

December 11, 2017 - By Dolores Ford

Mackenzie Financial Corp increased its stake in Brookfield Asset Mgmt Inc (BAM) by 4.9% based on its latest 2017Q2 regulatory filing with the SEC. Mackenzie Financial Corp bought 532,001 shares as the company’s stock rose 0.35% with the market. The hedge fund held 11.38M shares of the building operators company at the end of 2017Q2, valued at $446.28M, up from 10.85 million at the end of the previous reported quarter. Mackenzie Financial Corp who had been investing in Brookfield Asset Mgmt Inc for a number of months, seems to be bullish on the $42.17 billion market cap company. The stock increased 0.09% or $0.04 during the last trading session, reaching $43.39. About 388,227 shares traded. Brookfield Asset Management Inc. (NYSE:BAM) has risen 13.98% since December 11, 2016 and is uptrending. It has underperformed by 2.72% the S&P500.

Mackenzie Financial Corp, which manages about $61.70B and $17.96 billion US Long portfolio, decreased its stake in Brown & Brown Inc (NYSE:BRO) by 310,923 shares to 471,532 shares, valued at $20.31 million in 2017Q2, according to the filing. It also reduced its holding in Bce Inc (NYSE:BCE) by 95,067 shares in the quarter, leaving it with 643,259 shares, and cut its stake in Popular Inc (NASDAQ:BPOP).

More notable recent Brookfield Asset Management Inc. (NYSE:BAM) news were published by: Therealdeal.com which released: ““We’re number two, we try harder”: How Brookfield is trying to regain the top …” on November 20, 2017, also Businessinsider.com with their article: “Brookfield wants to buy mall owner GGP for $14.8 billion as the retail …” published on November 13, 2017, Prnewswire.com published: “What’s Happening With These Real Estate Development Stocks? — Brookfield …” on November 30, 2017. More interesting news about Brookfield Asset Management Inc. (NYSE:BAM) were released by: Chicagobusiness.com and their article: “Brookfield’s GGP bid threatens values in struggling mall sector” published on November 13, 2017 as well as Seekingalpha.com‘s news article titled: “Brookfield Property Partners – Paying Too Much For GGP” with publication date: December 02, 2017.

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

Among 9 analysts covering Brookfield Asset Management Inc. (NYSE:BAM), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Brookfield Asset Management Inc. had 29 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was initiated by Wood with “Outperform” on Tuesday, May 24. The stock has “Buy” rating by Canaccord Genuity on Friday, August 11. RBC Capital Markets maintained the stock with “Top Pick” rating in Monday, November 14 report. RBC Capital Markets downgraded Brookfield Asset Management Inc. (NYSE:BAM) on Friday, February 10 to “Outperform” rating. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, November 9. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Monday, September 25 report. On Tuesday, June 20 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Brookfield Asset Management Inc. (NYSE:BAM) earned “Outperform” rating by RBC Capital Markets on Thursday, October 8. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, September 26 report. The stock of Brookfield Asset Management Inc. (NYSE:BAM) has “Sector Outperform” rating given on Friday, October 16 by IBC.

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