Brookfield Asset Management Ltd. (NYSE:BAM) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,449 shares of the financial services provider’s stock after purchasing an additional 675 shares during the period. Royal London Asset Management Ltd.’s holdings in Brookfield Asset Management were worth $7,882,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Tandem Capital Management Corp ADV increased its holdings in Brookfield Asset Management by 0.4% in the fourth quarter. Tandem Capital Management Corp ADV now owns 39,111 shares of the financial services provider’s stock worth $2,119,000 after buying an additional 175 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of Brookfield Asset Management by 0.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 46,513 shares of the financial services provider’s stock worth $2,201,000 after purchasing an additional 188 shares during the last quarter. Gold Investment Management Ltd. raised its holdings in shares of Brookfield Asset Management by 0.5% during the 4th quarter. Gold Investment Management Ltd. now owns 41,889 shares of the financial services provider’s stock valued at $2,271,000 after purchasing an additional 219 shares in the last quarter. Procyon Advisors LLC lifted its stake in shares of Brookfield Asset Management by 2.7% in the 4th quarter. Procyon Advisors LLC now owns 9,312 shares of the financial services provider’s stock valued at $505,000 after purchasing an additional 249 shares during the last quarter. Finally, Pathstone Holdings LLC boosted its holdings in Brookfield Asset Management by 1.0% in the third quarter. Pathstone Holdings LLC now owns 29,166 shares of the financial services provider’s stock worth $1,379,000 after purchasing an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Stock Performance

Shares of BAM opened at $49.52 on Monday. Brookfield Asset Management Ltd. has a 52 week low of $37.29 and a 52 week high of $62.61. The firm has a market capitalization of $21.94 billion, a P/E ratio of 37.52, a P/E/G ratio of 1.92 and a beta of 1.50. The company has a 50-day simple moving average of $55.18 and a 200-day simple moving average of $53.36.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. Brookfield Asset Management had a return on equity of 81.16% and a net margin of 54.47%. As a group, equities analysts forecast that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.4375 per share. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.38. This represents a $1.75 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Friday, February 28th. Brookfield Asset Management’s payout ratio is 132.58%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BAM shares. CIBC boosted their price target on Brookfield Asset Management from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. BMO Capital Markets boosted their target price on Brookfield Asset Management from $50.00 to $53.00 and gave the stock a “market perform” rating in a report on Thursday, February 13th. StockNews.com upgraded Brookfield Asset Management from a “sell” rating to a “hold” rating in a report on Thursday. Keefe, Bruyette & Woods reduced their price objective on shares of Brookfield Asset Management from $57.00 to $56.00 and set an “underperform” rating for the company in a research note on Monday, January 13th. Finally, Wells Fargo & Company decreased their price objective on shares of Brookfield Asset Management from $54.00 to $50.00 and set an “underweight” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.38.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.