Brookfield Asset Management Ltd. (NYSE:BAM) Shares Sold by Check Capital Management Inc. CA

Check Capital Management Inc. CA lowered its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,970 shares of the financial services provider’s stock after selling 2,152 shares during the quarter. Brookfield Asset Management comprises 0.1% of Check Capital Management Inc. CA’s portfolio, making the stock its 17th largest position. Check Capital Management Inc. CA’s holdings in Brookfield Asset Management were worth $2,168,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of BAM. Private Trust Co. NA grew its stake in Brookfield Asset Management by 180.4% during the 3rd quarter. Private Trust Co. NA now owns 1,057 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 680 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Brookfield Asset Management by 35.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,057 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 277 shares in the last quarter. Signaturefd LLC grew its stake in Brookfield Asset Management by 106.4% during the 3rd quarter. Signaturefd LLC now owns 1,482 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 764 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in Brookfield Asset Management by 39.6% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,764 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 500 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Brookfield Asset Management by 21.9% during the 3rd quarter. Rhumbline Advisers now owns 1,844 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 331 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Brookfield Asset Management Stock Performance

Shares of BAM stock traded down $0.10 during mid-day trading on Friday, hitting $38.32. 1,847,641 shares of the stock traded hands, compared to its average volume of 1,168,113. The firm has a market cap of $15.83 billion, a price-to-earnings ratio of 33.84, a price-to-earnings-growth ratio of 1.50 and a beta of 1.68. The company’s 50-day simple moving average is $41.03 and its 200-day simple moving average is $37.47. Brookfield Asset Management Ltd. has a twelve month low of $28.35 and a twelve month high of $43.00.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $1.13 billion for the quarter. Brookfield Asset Management had a return on equity of 96.43% and a net margin of 50.23%. During the same quarter in the previous year, the firm earned $0.31 earnings per share. Analysts forecast that Brookfield Asset Management Ltd. will post 1.49 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.97%. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.32. The ex-dividend date was Wednesday, February 28th. Brookfield Asset Management’s payout ratio is presently 134.51%.

Analyst Upgrades and Downgrades

BAM has been the topic of a number of research analyst reports. Royal Bank of Canada increased their target price on Brookfield Asset Management from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. TD Securities cut their target price on Brookfield Asset Management from $52.00 to $49.00 and set an “action list buy” rating on the stock in a research note on Tuesday, January 9th. HSBC downgraded Brookfield Asset Management from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. BMO Capital Markets lifted their target price on Brookfield Asset Management from $34.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Finally, Scotiabank lifted their price target on Brookfield Asset Management from $46.50 to $47.00 and gave the company a “sector outperform” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.20.

Brookfield Asset Management Profile

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.