Copeland Capital Management LLC Sells 874 Shares of Brookfield Asset Management Ltd. $BAM

Copeland Capital Management LLC lowered its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 3.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 22,634 shares of the financial services provider’s stock after selling 874 shares during the quarter. Copeland Capital Management LLC’s holdings in Brookfield Asset Management were worth $1,251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. bought a new stake in Brookfield Asset Management in the first quarter valued at approximately $26,000. Rossby Financial LCC bought a new stake in Brookfield Asset Management in the first quarter valued at approximately $28,000. Truvestments Capital LLC lifted its position in Brookfield Asset Management by 85.5% in 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 lifted its position in Brookfield Asset Management by 1,079.6% in the first quarter. Larson Financial Group LLC now owns 1,097 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,004 shares during the last quarter. Finally, Trust Co. of Vermont lifted its position in Brookfield Asset Management by 90.4% in the second quarter. Trust Co. of Vermont now owns 1,070 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 508 shares during the last quarter. Institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Price Performance

Shares of BAM stock opened at $57.83 on Friday. The stock has a market cap of $94.70 billion, a price-to-earnings ratio of 38.81, a PEG ratio of 2.07 and a beta of 1.39. The business’s fifty day moving average is $59.72 and its 200 day moving average is $56.03. Brookfield Asset Management Ltd. has a twelve month low of $41.78 and a twelve month high of $64.10. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.14.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). Brookfield Asset Management had a return on equity of 41.12% and a net margin of 55.92%.The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Research analysts expect that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, August 29th. Brookfield Asset Management’s payout ratio is 117.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BAM shares. Scotiabank boosted their target price on Brookfield Asset Management from $66.00 to $67.25 and gave the company a “sector outperform” rating in a research note on Thursday, August 7th. Piper Sandler reduced their target price 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $58.00 target price on shares of Brookfield Asset Management in a research note on Thursday, August 7th. Jefferies Financial Group boosted their target price on Brookfield Asset Management from $55.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. Finally, National Bankshares set a $71.00 target price on Brookfield Asset Management and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.52.

Brookfield Asset Management Company 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.