Brookfield Asset Management Target of Unusually Large Options Trading (NYSE:BAM)

Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) was the recipient of some unusual options trading on Monday. Stock investors purchased 2,773 call options on the stock. This represents an increase of 69% compared to the typical daily volume of 1,644 call options.

Wall Street Analyst Weigh In

A number of brokerages have commented on BAM. Loop Capital set a $60.00 price objective on Brookfield Asset Management in a research report on Tuesday, January 6th. Scotiabank cut their target price on Brookfield Asset Management from $64.00 to $56.00 and set an “outperform” rating for the company in a research note on Wednesday, March 25th. UBS Group set a $52.00 target price on Brookfield Asset Management in a research report on Friday, February 20th. BMO Capital Markets upgraded shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen raised shares of Brookfield Asset Management from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $63.18.

Hedge Funds Weigh In On Brookfield Asset Management

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Purpose Unlimited Inc. bought a new position in shares of Brookfield Asset Management in the fourth quarter valued at approximately $230,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Brookfield Asset Management by 10.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 33,658 shares of the financial services provider’s stock worth $1,763,000 after acquiring an additional 3,070 shares in the last quarter. Corient Private Wealth LLC grew its position in Brookfield Asset Management by 1.5% during the 4th quarter. Corient Private Wealth LLC now owns 1,387,375 shares of the financial services provider’s stock worth $72,304,000 after acquiring an additional 20,586 shares during the last quarter. Midway Capital Research & Management bought a new stake in Brookfield Asset Management during the 4th quarter worth approximately $829,000. Finally, GFI Investment Counsel Ltd. acquired a new stake in Brookfield Asset Management during the 4th quarter valued at $30,843,000. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Asset Management Stock Performance

Shares of NYSE:BAM opened at $43.18 on Tuesday. 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 business’s fifty day moving average price is $47.99 and its two-hundred day moving average price is $52.13. Brookfield Asset Management has a fifty-two week low of $41.78 and a fifty-two week high of $64.10. The stock has a market capitalization of $70.72 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.53 and a beta of 1.42.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.40 billion. As a group, analysts predict that Brookfield Asset Management will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Increases Dividend

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