America First Investment Advisors LLC Sells 5,060 Shares of Brookfield Asset Management Ltd. $BAM

America First Investment Advisors LLC decreased its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 445,219 shares of the financial services provider’s stock after selling 5,060 shares during the period. Brookfield Asset Management comprises approximately 4.9% of America First Investment Advisors LLC’s holdings, making the stock its 11th largest position. America First Investment Advisors LLC’s holdings in Brookfield Asset Management were worth $24,612,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its stake in shares of Brookfield Asset Management by 1,270.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 466 shares of the financial services provider’s stock worth $26,000 after buying an additional 432 shares during the period. Truvestments Capital LLC raised its stake in Brookfield Asset Management by 85.5% during the 1st quarter. Truvestments Capital LLC now owns 937 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 432 shares during the period. Larson Financial Group LLC lifted its holdings in Brookfield Asset Management by 1,079.6% during the first quarter. Larson Financial Group LLC now owns 1,097 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,004 shares in the last quarter. DHJJ Financial Advisors Ltd. boosted its position in shares of Brookfield Asset Management by 100,000.0% in the second quarter. DHJJ Financial Advisors Ltd. now owns 1,001 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 1,000 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of Brookfield Asset Management by 127.7% in the second quarter. First Horizon Advisors Inc. now owns 995 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 558 shares in the last quarter. 68.41% of the stock is owned by institutional investors.

Brookfield Asset Management Stock Up 0.9%

Shares of NYSE BAM opened at $49.85 on Wednesday. Brookfield Asset Management Ltd. has a 1 year low of $41.78 and a 1 year high of $64.10. The firm has a 50-day simple moving average of $55.80 and a two-hundred day simple moving average of $57.35. The company has a market cap of $81.65 billion, a P/E ratio of 33.46, a PEG ratio of 2.04 and a beta of 1.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.25 and a quick ratio of 1.25.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. Brookfield Asset Management had a net margin of 55.92% and a return on equity of 41.12%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Research analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th will be issued a $0.4375 dividend. The ex-dividend date is Friday, November 28th. This represents a $1.75 annualized dividend and a dividend yield of 3.5%. Brookfield Asset Management’s payout ratio is currently 109.38%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BAM. Morgan Stanley set a $62.00 target price on shares of Brookfield Asset Management in a research note on Monday, October 13th. TD Securities upped their price objective on Brookfield Asset Management from $66.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. National Bankshares cut their target price on Brookfield Asset Management from $71.00 to $69.00 and set an “outperform” rating for the company in a research report on Monday, October 27th. National Bank Financial began coverage on Brookfield Asset Management in a report on Tuesday, July 29th. They issued an “outperform” rating and a $71.00 price target on the stock. Finally, CIBC increased their price objective on shares of Brookfield Asset Management from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.32.

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.