C WorldWide Group Holding A S Sells 1,915 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

C WorldWide Group Holding A S decreased its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,769 shares of the financial services provider’s stock after selling 1,915 shares during the quarter. C WorldWide Group Holding A S’s holdings in Brookfield Asset Management were worth $1,598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Management One Co. Ltd. increased its stake in shares of Brookfield Asset Management by 127.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 62,914 shares of the financial services provider’s stock valued at $2,537,000 after buying an additional 35,300 shares during the period. America First Investment Advisors LLC increased its position in Brookfield Asset Management by 107.3% during the 3rd quarter. America First Investment Advisors LLC now owns 338,692 shares of the financial services provider’s stock valued at $11,292,000 after purchasing an additional 175,316 shares during the period. Vanguard Group Inc. increased its position in Brookfield Asset Management by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 10,402,885 shares of the financial services provider’s stock valued at $346,832,000 after purchasing an additional 120,714 shares during the period. Envestnet Asset Management Inc. increased its position in Brookfield Asset Management by 55.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 364,179 shares of the financial services provider’s stock valued at $12,145,000 after purchasing an additional 129,907 shares during the period. Finally, Invesco Ltd. increased its position in Brookfield Asset Management by 0.7% during the 3rd quarter. Invesco Ltd. now owns 1,594,743 shares of the financial services provider’s stock valued at $53,169,000 after purchasing an additional 11,416 shares during the period. Institutional investors and hedge funds own 68.41% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on BAM shares. CIBC increased their target price on shares of Brookfield Asset Management from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. BMO Capital Markets increased their price target on Brookfield Asset Management from $34.00 to $36.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. TD Securities cut their price target on Brookfield Asset Management from $52.00 to $49.00 and set an “action list buy” rating on the stock in a report on Tuesday, January 9th. HSBC cut Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Finally, Royal Bank of Canada increased their price target on Brookfield Asset Management from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.20.

Brookfield Asset Management Stock Up 1.9 %

NYSE:BAM traded up $0.73 during trading hours on Friday, hitting $39.70. 846,582 shares of the company traded hands, compared to its average volume of 1,430,485. The firm’s 50-day simple moving average is $40.88 and its 200-day simple moving average is $37.79. Brookfield Asset Management Ltd. has a one year low of $28.35 and a one year high of $43.00. The company has a market cap of $16.40 billion, a PE ratio of 35.13, a PEG ratio of 1.50 and a beta of 1.68.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. Brookfield Asset Management had a return on equity of 96.43% and a net margin of 50.23%. The business had revenue of $1.13 billion for the quarter. During the same quarter last year, the business posted $0.31 earnings per share. As a group, equities research analysts expect that Brookfield Asset Management Ltd. will post 1.49 EPS for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.38 per share. The ex-dividend date was Wednesday, February 28th. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a dividend yield of 3.83%. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 134.51%.

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.