GoalVest Advisory LLC Buys 190 Shares of Brookfield Asset Management Ltd. $BAM

GoalVest Advisory LLC increased its holdings in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 9.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,180 shares of the financial services provider’s stock after purchasing an additional 190 shares during the period. GoalVest Advisory LLC’s holdings in Brookfield Asset Management were worth $121,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BAM. Wealth Enhancement Advisory Services LLC increased its position in Brookfield Asset Management by 2.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 43,002 shares of the financial services provider’s stock worth $2,083,000 after purchasing an additional 854 shares during the last quarter. Smith Salley Wealth Management increased its position in Brookfield Asset Management by 0.5% during the first quarter. Smith Salley Wealth Management now owns 112,292 shares of the financial services provider’s stock valued at $5,441,000 after acquiring an additional 574 shares during the last quarter. Rossby Financial LCC bought a new position in Brookfield Asset Management during the first quarter valued at $28,000. Cannon Global Investment Management LLC bought a new position in Brookfield Asset Management during the first quarter valued at $1,260,000. Finally, Teacher Retirement System of Texas increased its position in Brookfield Asset Management by 9.9% during the first quarter. Teacher Retirement System of Texas now owns 68,700 shares of the financial services provider’s stock valued at $3,329,000 after acquiring an additional 6,200 shares during the last quarter. Institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Price Performance

Shares of NYSE:BAM opened at $54.38 on Monday. Brookfield Asset Management Ltd. has a twelve month low of $41.78 and a twelve month high of $64.10. The company’s 50 day moving average is $57.91 and its 200 day moving average is $56.95. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.14. The company has a market cap of $89.05 billion, a PE ratio of 36.49, a price-to-earnings-growth ratio of 2.03 and a beta of 1.39.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.29 billion. On average, sell-side analysts forecast that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were issued a $0.4375 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.75 dividend on an annualized basis and a yield of 3.2%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 117.45%.

Analyst Upgrades and Downgrades

BAM has been the topic of a number of analyst reports. Scotiabank boosted their price objective on shares of Brookfield Asset Management from $66.00 to $67.25 and gave the company a “sector outperform” rating in a research report on Thursday, August 7th. Wells Fargo & Company boosted their target price on shares of Brookfield Asset Management from $55.00 to $57.00 and gave the company an “underweight” rating in a research note on Friday, July 11th. Bank of America lowered shares of Brookfield Asset Management from a “buy” rating to a “neutral” rating and set a $68.00 price objective for the company. in a research note on Thursday, September 4th. Piper Sandler lowered their price objective on shares of Brookfield Asset Management from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. Finally, Royal Bank Of Canada increased their price target on shares of Brookfield Asset Management from $74.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.27.

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.