Compagnie Lombard Odier SCmA Lowers Stake in Brookfield Asset Management Ltd. $BAM

Compagnie Lombard Odier SCmA trimmed its holdings in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 5.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 458,525 shares of the financial services provider’s stock after selling 25,365 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Brookfield Asset Management were worth $24,022,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BAM. Sagard Holdings Management Inc. purchased a new position in shares of Brookfield Asset Management during the second quarter worth about $39,000. Assetmark Inc. raised its stake in Brookfield Asset Management by 95.9% during the 3rd quarter. Assetmark Inc. now owns 807 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 395 shares during the last quarter. Cary Street Partners Financial LLC lifted its position in Brookfield Asset Management by 227.5% during the 3rd quarter. Cary Street Partners Financial LLC now owns 809 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 562 shares during the period. GAMMA Investing LLC lifted its position in Brookfield Asset Management by 93.3% during the 3rd quarter. GAMMA Investing LLC now owns 831 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 401 shares during the period. Finally, TD Private Client Wealth LLC grew its stake in shares of Brookfield Asset Management by 1,123.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 832 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 764 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Brookfield Asset Management Stock Down 0.8%

BAM opened at $44.10 on Thursday. 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 has a 50 day simple moving average of $47.73 and a 200-day simple moving average of $51.99. The stock has a market capitalization of $72.25 billion, a P/E ratio of 29.02, a P/E/G ratio of 1.57 and a beta of 1.38. Brookfield Asset Management Ltd. has a 12 month low of $41.78 and a 12 month high of $64.10.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.47 earnings per share 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 analyst estimates of $1.40 billion. Brookfield Asset Management had a return on equity of 29.81% and a net margin of 51.59%. On average, equities analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th were paid a dividend of $0.5025 per share. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.01 dividend on an annualized basis and a dividend yield of 4.6%. Brookfield Asset Management’s dividend payout ratio is currently 132.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BAM shares. Royal Bank Of Canada set a $74.00 price target on Brookfield Asset Management and gave the stock an “outperform” rating in a research note on Monday, December 15th. UBS Group set a $52.00 price objective on shares of Brookfield Asset Management in a research report on Friday, February 20th. Morgan Stanley set a $63.00 price objective on shares of Brookfield Asset Management in a research note on Tuesday, February 17th. Zacks Research downgraded shares of Brookfield Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Finally, The Goldman Sachs Group reduced their target price 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. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Brookfield Asset Management presently has a consensus rating of “Hold” and an average target price of $63.18.

Brookfield Asset Management 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.