MUFG Securities EMEA plc Takes $10.48 Million Position in Brookfield Asset Management Ltd. $BAM

MUFG Securities EMEA plc bought a new stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) during the fourth quarter, Holdings Channel reports. The fund bought 200,000 shares of the financial services provider’s stock, valued at approximately $10,479,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Brookfield Asset Management by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 17,723,182 shares of the financial services provider’s stock valued at $928,414,000 after buying an additional 297,790 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Brookfield Asset Management by 7.3% during the 4th quarter. Principal Financial Group Inc. now owns 7,863,457 shares of the financial services provider’s stock valued at $411,972,000 after buying an additional 533,639 shares in the last quarter. Norges Bank purchased a new position in Brookfield Asset Management in the 4th quarter valued at $263,444,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Brookfield Asset Management by 88,805.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,725,314 shares of the financial services provider’s stock valued at $247,559,000 after purchasing an additional 4,719,999 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Brookfield Asset Management by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 4,604,648 shares of the financial services provider’s stock valued at $245,497,000 after purchasing an additional 310,049 shares in the last quarter. Hedge funds and other institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Stock Up 0.2%

NYSE BAM opened at $48.69 on Monday. Brookfield Asset Management Ltd. has a 52 week low of $42.20 and a 52 week high of $64.10. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The business’s fifty day simple moving average is $46.78 and its 200-day simple moving average is $49.50. The firm has a market cap of $79.75 billion, a PE ratio of 31.61, a P/E/G ratio of 1.95 and a beta of 1.26.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. Brookfield Asset Management had a return on equity of 30.66% and a net margin of 49.69%.The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.43 billion. As a group, equities analysts anticipate that Brookfield Asset Management Ltd. will post 1.75 earnings per share for the current year.

Brookfield Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.5025 per share. This represents a $2.01 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, May 29th. Brookfield Asset Management’s payout ratio is currently 130.52%.

Analysts Set New Price Targets

BAM has been the topic of a number of research reports. Scotiabank restated an “outperform” rating and issued a $57.00 price objective (up from $56.00) on shares of Brookfield Asset Management in a report on Monday, May 11th. Wall Street Zen lowered Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. UBS Group set a $52.00 price objective on Brookfield Asset Management in a report on Friday, February 20th. The Goldman Sachs Group decreased their price objective on Brookfield Asset Management from $60.00 to $49.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Finally, Morgan Stanley decreased their price objective on Brookfield Asset Management from $63.00 to $62.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Brookfield Asset Management has a consensus rating of “Hold” and a consensus price target of $60.21.

About Brookfield Asset Management

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.