13,328 Shares in Brookfield Asset Management Ltd. $BAM Bought by Clear Trail Advisors LLC

Clear Trail Advisors LLC purchased a new stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,328 shares of the financial services provider’s stock, valued at approximately $698,000.

Several other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Brookfield Asset Management by 72.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,904,677 shares of the financial services provider’s stock valued at $222,161,000 after acquiring an additional 1,642,375 shares in the last quarter. Vanguard Group Inc. lifted its stake in Brookfield Asset Management by 1.5% in the third quarter. Vanguard Group Inc. now owns 17,425,392 shares of the financial services provider’s stock worth $991,677,000 after acquiring an additional 253,789 shares during the period. Cumberland Partners Ltd boosted its holdings in Brookfield Asset Management by 78.0% in the third quarter. Cumberland Partners Ltd now owns 126,015 shares of the financial services provider’s stock valued at $7,168,000 after acquiring an additional 55,225 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in Brookfield Asset Management by 65.6% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 254,212 shares of the financial services provider’s stock valued at $14,463,000 after purchasing an additional 100,713 shares during the period. Finally, New York State Common Retirement Fund increased its position in Brookfield Asset Management by 18.5% during the 3rd quarter. New York State Common Retirement Fund now owns 465,600 shares of the financial services provider’s stock valued at $26,511,000 after purchasing an additional 72,600 shares during the period. Hedge funds and other institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Price Performance

Shares of NYSE BAM opened at $43.33 on Tuesday. The firm has a market cap of $70.97 billion, a P/E ratio of 28.50, a PEG ratio of 1.52 and a beta of 1.42. Brookfield Asset Management Ltd. has a twelve month low of $41.78 and a twelve month high of $64.10. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $48.90 and a 200 day moving average of $52.61.

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

Brookfield Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a $0.5025 dividend. This represents a $2.01 annualized dividend and a yield of 4.6%. The ex-dividend date is Friday, February 27th. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.44. Brookfield Asset Management’s dividend payout ratio is 132.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BAM shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brookfield Asset Management in a research report on Monday, December 22nd. The Goldman Sachs Group decreased their price target on shares of Brookfield Asset Management from $67.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. UBS Group set a $52.00 price objective on shares of Brookfield Asset Management in a report on Friday, February 20th. Royal Bank Of Canada set a $74.00 price objective on Brookfield Asset Management and gave the company an “outperform” rating in a research report on Monday, December 15th. Finally, Loop Capital set a $60.00 target price on Brookfield Asset Management in a report on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Brookfield Asset Management presently has an average rating of “Moderate Buy” and a consensus target price of $63.65.

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.