International Assets Investment Management LLC Invests $4.16 Million in Brookfield Asset Management Ltd. (NYSE:BAM)

International Assets Investment Management LLC acquired a new stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) in the 4th quarter, Holdings Channel reports. The firm acquired 10,364 shares of the financial services provider’s stock, valued at approximately $4,160,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moseley Investment Management Inc. purchased a new position in shares of Brookfield Asset Management in the fourth quarter valued at $233,000. DekaBank Deutsche Girozentrale grew its position in shares of Brookfield Asset Management by 50.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 54,756 shares of the financial services provider’s stock valued at $2,122,000 after purchasing an additional 18,463 shares during the last quarter. Smith Salley & Associates increased its stake in shares of Brookfield Asset Management by 5.8% during the 4th quarter. Smith Salley & Associates now owns 92,958 shares of the financial services provider’s stock worth $3,734,000 after purchasing an additional 5,081 shares in the last quarter. Tritonpoint Wealth LLC acquired a new position in shares of Brookfield Asset Management during the 4th quarter worth approximately $3,128,000. Finally, QV Investors Inc. acquired a new stake in Brookfield Asset Management during the 4th quarter valued at $27,198,000. 68.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BAM has been the topic of several recent research reports. Royal Bank of Canada upped their price objective on Brookfield Asset Management from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. HSBC cut shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Scotiabank upped their price objective on shares of Brookfield Asset Management from $46.50 to $47.00 and gave the company a “sector outperform” rating in a research note on Thursday, February 8th. BMO Capital Markets lifted their target price on shares of Brookfield Asset Management from $34.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Finally, CIBC lifted their price target on Brookfield Asset Management from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, January 29th. One 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Brookfield Asset Management Price Performance

Shares of NYSE BAM opened at $39.16 on Thursday. Brookfield Asset Management Ltd. has a 1-year low of $28.35 and a 1-year high of $43.00. The company has a market capitalization of $16.18 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 1.51 and a beta of 1.73. The business has a 50-day moving average of $40.61 and a 200-day moving average of $38.20.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.13 billion during the quarter. During the same period last year, the business earned $0.31 EPS. Research analysts expect that Brookfield Asset Management Ltd. will post 1.49 EPS for the current fiscal year.

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.