Royal London Asset Management Ltd. Has $6.49 Million Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Royal London Asset Management Ltd. grew its stake in Brookfield Asset Management Ltd. (NYSE:BAMFree Report) (TSE:BAM.A) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,565 shares of the financial services provider’s stock after buying an additional 2,621 shares during the period. Royal London Asset Management Ltd.’s holdings in Brookfield Asset Management were worth $6,490,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bfsg LLC acquired a new stake in shares of Brookfield Asset Management in the fourth quarter worth about $51,000. Mitsubishi UFJ Trust & Banking Corp lifted its position 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 worth $59,000 after buying an additional 500 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Brookfield Asset Management in the fourth quarter worth about $119,000. EverSource Wealth Advisors LLC lifted its position in shares of Brookfield Asset Management by 87.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,680 shares of the financial services provider’s stock worth $148,000 after buying an additional 1,720 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in shares of Brookfield Asset Management during the 4th quarter worth about $202,000. Institutional investors and hedge funds own 68.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BAM. JPMorgan Chase & Co. began coverage on Brookfield Asset Management in a research report on Wednesday, May 15th. They set a “neutral” rating and a $41.00 price objective for the company. Royal Bank of Canada boosted their price objective on Brookfield Asset Management from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Finally, Scotiabank cut their price objective on Brookfield Asset Management from $47.00 to $44.50 and set a “sector outperform” rating for the company in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.14.

Check Out Our Latest Analysis on Brookfield Asset Management

Brookfield Asset Management Stock Down 2.5 %

Brookfield Asset Management stock opened at $37.95 on Friday. The business has a 50 day moving average price of $39.69 and a two-hundred day moving average price of $39.52. The stock has a market cap of $16.78 billion, a price-to-earnings ratio of 35.14, a price-to-earnings-growth ratio of 1.76 and a beta of 1.67. Brookfield Asset Management Ltd. has a 12 month low of $28.35 and a 12 month high of $43.00.

Brookfield Asset Management (NYSE:BAMGet Free Report) (TSE:BAM.A) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Brookfield Asset Management had a return on equity of 98.98% and a net margin of 49.36%. The company had revenue of $884.00 million for the quarter. On average, analysts expect that Brookfield Asset Management Ltd. will post 1.47 earnings per share for the current fiscal year.

Brookfield Asset Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.52 annualized dividend and a dividend yield of 4.01%. Brookfield Asset Management’s dividend payout ratio is currently 140.74%.

Brookfield Asset Management Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brookfield Asset Management (NYSE:BAM)

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