Brookfield Asset Management Ltd. (NYSE:BAM) Shares Bought by Bruni J V & Co. Co.

Bruni J V & Co. Co. lifted its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 387,634 shares of the financial services provider’s stock after buying an additional 1,695 shares during the quarter. Brookfield Asset Management makes up about 1.9% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 24th largest holding. Bruni J V & Co. Co. owned approximately 0.09% of Brookfield Asset Management worth $15,571,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CWM LLC increased its position in shares of Brookfield Asset Management by 48.5% in the 3rd quarter. CWM LLC now owns 1,959 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 640 shares during the last quarter. SG Americas Securities LLC bought a new stake in Brookfield Asset Management in the third quarter valued at about $238,000. Private Trust Co. NA raised its stake in Brookfield Asset Management by 180.4% during the third quarter. Private Trust Co. NA now owns 1,057 shares of the financial services provider’s stock valued at $35,000 after buying an additional 680 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Brookfield Asset Management by 505.6% during the third quarter. Asset Management One Co. Ltd. now owns 27,614 shares of the financial services provider’s stock valued at $921,000 after buying an additional 23,054 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. lifted its holdings in Brookfield Asset Management by 49.8% during the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 31,747 shares of the financial services provider’s stock worth $1,028,000 after buying an additional 10,547 shares during the last quarter. Institutional investors own 68.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BAM shares. TD Securities dropped 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 research report on Tuesday, January 9th. Scotiabank increased their price objective on shares of Brookfield Asset Management from $46.50 to $47.00 and gave the stock a “sector outperform” rating in a research note on Thursday, February 8th. Royal Bank of Canada lifted their target price on Brookfield Asset Management from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. CIBC boosted their price objective on Brookfield Asset Management from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Finally, HSBC lowered Brookfield Asset Management from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.20.

Brookfield Asset Management Trading Up 1.9 %

BAM stock traded up $0.73 during trading on Friday, hitting $39.70. The company had a trading volume of 846,582 shares, compared to its average volume of 1,430,485. The business has a 50 day moving average of $40.88 and a 200 day moving average of $37.82. The firm has a market capitalization of $16.40 billion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 1.53 and a beta of 1.68. Brookfield Asset Management Ltd. has a fifty-two week low of $28.35 and a fifty-two week high of $43.00.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $0.36 EPS for the quarter, topping 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 firm had revenue of $1.13 billion for the quarter. During the same period in the previous year, the firm earned $0.31 EPS. As a group, equities analysts predict that Brookfield Asset Management Ltd. will post 1.49 EPS for the current year.

Brookfield Asset Management Increases Dividend

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

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.