Asset Management One Co. Ltd. Raises Stock Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Asset Management One Co. Ltd. lifted its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 127.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,914 shares of the financial services provider’s stock after acquiring an additional 35,300 shares during the period. Asset Management One Co. Ltd.’s holdings in Brookfield Asset Management were worth $2,537,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its stake in Brookfield Asset Management by 30,651.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 31,097,454 shares of the financial services provider’s stock valued at $891,564,000 after purchasing an additional 30,996,329 shares during the last quarter. Norges Bank purchased a new stake in Brookfield Asset Management during the fourth quarter valued at about $152,180,000. Goldman Sachs Group Inc. increased its stake in Brookfield Asset Management by 166.2% during the first quarter. Goldman Sachs Group Inc. now owns 7,051,145 shares of the financial services provider’s stock worth $398,883,000 after acquiring an additional 4,402,115 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Brookfield Asset Management by 160.5% in the 1st quarter. Bank of America Corp DE now owns 3,268,982 shares of the financial services provider’s stock valued at $106,961,000 after purchasing an additional 2,013,890 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Brookfield Asset Management by 10.2% during the 3rd quarter. FMR LLC now owns 14,217,008 shares of the financial services provider’s stock worth $473,859,000 after purchasing an additional 1,313,734 shares during the period. Institutional investors and hedge funds own 68.41% of the company’s stock.

Brookfield Asset Management Price Performance

BAM opened at $39.39 on Friday. The stock has a market capitalization of $16.27 billion, a PE ratio of 34.85, a P/E/G ratio of 1.55 and a beta of 1.68. Brookfield Asset Management Ltd. has a 12-month low of $28.35 and a 12-month high of $43.00. The firm’s fifty day moving average price is $41.13 and its 200 day moving average price is $37.33.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. Brookfield Asset Management had a net margin of 50.23% and a return on equity of 96.43%. The business had revenue of $1.13 billion for the quarter. During the same period in the previous year, the business posted $0.31 EPS. On average, equities research analysts forecast that Brookfield Asset Management Ltd. will post 1.49 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.52 annualized dividend and a dividend yield of 3.86%. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.32. Brookfield Asset Management’s dividend payout ratio is currently 134.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. HSBC lowered shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Scotiabank raised their price objective on Brookfield Asset Management from $46.50 to $47.00 and gave the company a “sector outperform” rating in a research report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft raised Brookfield Asset Management from a “hold” rating to a “buy” rating and upped their target price for the stock from $33.00 to $45.00 in a research report on Monday, December 18th. CIBC raised their target price on Brookfield Asset Management from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Finally, Royal Bank of Canada upped their price target on Brookfield Asset Management from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $42.20.

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.