DekaBank Deutsche Girozentrale Purchases 18,463 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

DekaBank Deutsche Girozentrale raised its position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 50.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,756 shares of the financial services provider’s stock after purchasing an additional 18,463 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Brookfield Asset Management were worth $2,122,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Private Trust Co. NA increased its stake in shares of Brookfield Asset Management by 180.4% in the third quarter. Private Trust Co. NA now owns 1,057 shares of the financial services provider’s stock valued at $35,000 after buying an additional 680 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Brookfield Asset Management by 35.5% in the second quarter. BNP Paribas Arbitrage SA now owns 1,057 shares of the financial services provider’s stock valued at $47,000 after buying an additional 277 shares during the period. Signaturefd LLC increased its stake in shares of Brookfield Asset Management by 106.4% in the third quarter. Signaturefd LLC now owns 1,482 shares of the financial services provider’s stock valued at $49,000 after buying an additional 764 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Brookfield Asset Management by 39.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,764 shares of the financial services provider’s stock valued at $59,000 after buying an additional 500 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Brookfield Asset Management by 21.9% in the third quarter. Rhumbline Advisers now owns 1,844 shares of the financial services provider’s stock valued at $61,000 after buying an additional 331 shares during the period. 68.41% of the stock is currently owned by institutional investors.

Brookfield Asset Management Stock Performance

Shares of NYSE:BAM opened at $39.38 on Friday. The business’s 50 day simple moving average is $41.13 and its two-hundred day simple moving average is $37.36. The firm has a market cap of $16.27 billion, a P/E ratio of 34.85, a PEG ratio of 1.54 and a beta of 1.68. Brookfield Asset Management Ltd. has a 52-week low of $28.35 and a 52-week high of $43.00.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $1.13 billion for the quarter. Brookfield Asset Management had a return on equity of 96.43% and a net margin of 50.23%. During the same quarter in the previous year, the company posted $0.31 EPS. On average, equities 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. Shareholders of record on Thursday, February 29th were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.52 annualized dividend and a 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 presently 134.51%.

Analyst Ratings Changes

BAM has been the subject of several recent research reports. BMO Capital Markets increased their price target on Brookfield Asset Management from $34.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Scotiabank raised their target price on Brookfield Asset Management from $46.50 to $47.00 and gave the stock a “sector outperform” rating in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft raised Brookfield Asset Management from a “hold” rating to a “buy” rating and raised their target price for the stock from $33.00 to $45.00 in a research note on Monday, December 18th. CIBC raised their target price on Brookfield Asset Management from $40.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Finally, Royal Bank of Canada raised their target price on Brookfield Asset Management from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Brookfield Asset Management currently has an average rating of “Moderate Buy” and an average price target of $42.20.

About Brookfield Asset Management

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.