Brookfield Asset Management Ltd. $BAM is 2Xideas AG’s 9th Largest Position

2Xideas AG increased its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 8.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 183,479 shares of the financial services provider’s stock after buying an additional 14,221 shares during the quarter. Brookfield Asset Management comprises 2.2% of 2Xideas AG’s holdings, making the stock its 9th largest position. 2Xideas AG’s holdings in Brookfield Asset Management were worth $10,433,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC acquired a new position in Brookfield Asset Management in the 1st quarter valued at about $235,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Brookfield Asset Management by 10.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,050 shares of the financial services provider’s stock worth $12,648,000 after purchasing an additional 24,013 shares during the period. Vise Technologies Inc. purchased a new position in shares of Brookfield Asset Management during the 2nd quarter worth $410,000. SBI Securities Co. Ltd. increased its position in shares of Brookfield Asset Management by 7.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,454 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 250 shares during the last quarter. Finally, Forsta AP Fonden raised its holdings in Brookfield Asset Management by 6.8% in the 2nd quarter. Forsta AP Fonden now owns 91,300 shares of the financial services provider’s stock valued at $5,043,000 after buying an additional 5,800 shares during the period. 68.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. The Goldman Sachs Group decreased their target price on shares of Brookfield Asset Management from $67.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Loop Capital set a $60.00 price target on shares of Brookfield Asset Management in a research note on Tuesday, January 6th. Wall Street Zen raised shares of Brookfield Asset Management from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Morgan Stanley set a $63.00 target price on shares of Brookfield Asset Management in a report on Tuesday, February 17th. Finally, Scotiabank set a $64.00 price target on Brookfield Asset Management and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.65.

Brookfield Asset Management Stock Performance

NYSE BAM opened at $42.90 on Friday. Brookfield Asset Management Ltd. has a 1 year low of $41.78 and a 1 year high of $64.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $70.26 billion, a PE ratio of 28.22, a P/E/G ratio of 1.53 and a beta of 1.42. The company has a fifty day moving average of $50.17 and a two-hundred day moving average of $53.38.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. Brookfield Asset Management had a return on equity of 29.81% and a net margin of 51.59%. As a group, analysts expect that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a dividend of $0.5025 per share. The ex-dividend date is Friday, February 27th. This represents a $2.01 dividend on an annualized basis and a yield of 4.7%. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.44. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 132.24%.

Brookfield Asset Management Company Profile

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company’s products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.