Brookfield Asset Management Ltd. $BAM Shares Acquired by Everett Harris & Co. CA

Everett Harris & Co. CA boosted its position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 13.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,149 shares of the financial services provider’s stock after purchasing an additional 1,071 shares during the period. Everett Harris & Co. CA’s holdings in Brookfield Asset Management were worth $506,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BAM. Caitong International Asset Management Co. Ltd grew its holdings in Brookfield Asset Management by 1,270.6% during the second quarter. Caitong International Asset Management Co. Ltd now owns 466 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 432 shares during the period. Truvestments Capital LLC lifted its stake in Brookfield Asset Management by 85.5% during the first quarter. Truvestments Capital LLC now owns 937 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 432 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Brookfield Asset Management by 1,079.6% during the first quarter. Larson Financial Group LLC now owns 1,097 shares of the financial services provider’s stock worth $53,000 after buying an additional 1,004 shares in the last quarter. DHJJ Financial Advisors Ltd. grew its position in Brookfield Asset Management by 100,000.0% in the second quarter. DHJJ Financial Advisors Ltd. now owns 1,001 shares of the financial services provider’s stock worth $55,000 after buying an additional 1,000 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Brookfield Asset Management by 127.7% in the second quarter. First Horizon Advisors Inc. now owns 995 shares of the financial services provider’s stock valued at $55,000 after buying an additional 558 shares in the last quarter. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BAM. National Bank Financial started coverage on Brookfield Asset Management in a report on Tuesday, July 29th. They issued an “outperform” rating and a $71.00 target price on the stock. Piper Sandler dropped their price target on Brookfield Asset Management from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. National Bankshares cut their price objective on Brookfield Asset Management from $71.00 to $69.00 and set an “outperform” rating on the stock in a report on Monday, October 27th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $58.00 target price on shares of Brookfield Asset Management in a report on Thursday, August 7th. Finally, Bank of America lowered shares of Brookfield Asset Management from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock. in a report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.23.

Brookfield Asset Management Price Performance

NYSE BAM opened at $54.73 on Thursday. The company has a 50 day simple moving average of $56.36 and a 200-day simple moving average of $57.41. Brookfield Asset Management Ltd. has a 52-week low of $41.78 and a 52-week high of $64.10. The firm has a market capitalization of $89.63 billion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.25 and a quick ratio of 1.25.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Brookfield Asset Management had a net margin of 55.92% and a return on equity of 41.12%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.34 billion. Equities research analysts predict that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th will be paid a dividend of $0.4375 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.2%. Brookfield Asset Management’s dividend payout ratio (DPR) is 109.38%.

About Brookfield Asset Management

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.