Metis Global Partners LLC Increases Stock Position in Brookfield Asset Management Ltd. $BAM

Metis Global Partners LLC grew its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 23.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,370 shares of the financial services provider’s stock after buying an additional 2,542 shares during the period. Metis Global Partners LLC’s holdings in Brookfield Asset Management were worth $740,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Brookfield Asset Management by 1,270.6% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 466 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 432 shares during the last quarter. Truvestments Capital LLC raised its position in Brookfield Asset Management by 85.5% during 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 in the last quarter. Larson Financial Group LLC lifted its stake in Brookfield Asset Management by 1,079.6% during the first quarter. Larson Financial Group LLC now owns 1,097 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,004 shares during the last quarter. DHJJ Financial Advisors Ltd. boosted its holdings in shares of Brookfield Asset Management by 100,000.0% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 1,001 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 1,000 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Brookfield Asset Management by 127.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 995 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 558 shares during the last quarter. Institutional investors own 68.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BAM. Keefe, Bruyette & Woods dropped their target price on Brookfield Asset Management from $62.00 to $59.00 and set an “underperform” rating for the company in a research report on Monday. BMO Capital Markets boosted their price objective on shares of Brookfield Asset Management from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Thursday, August 7th. Scotiabank cut their price objective on shares of Brookfield Asset Management from $67.25 to $65.75 and set a “sector outperform” rating for the company in a research note on Monday. National Bankshares decreased their target price on shares of Brookfield Asset Management from $71.00 to $69.00 and set an “outperform” rating on the stock in a research report on Monday, October 27th. Finally, National Bank Financial assumed coverage on shares of Brookfield Asset Management in a research report on Tuesday, July 29th. They set an “outperform” rating and a $71.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.23.

Brookfield Asset Management Stock Up 0.9%

Shares of NYSE BAM opened at $54.01 on Wednesday. The firm’s fifty day moving average is $56.43 and its 200 day moving average is $57.43. Brookfield Asset Management Ltd. has a 52 week low of $41.78 and a 52 week 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. The company has a market cap of $88.45 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 2.04 and a beta of 1.38.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Brookfield Asset Management had a net margin of 55.92% and a return on equity of 41.12%. On average, equities research analysts expect that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, November 28th will be paid a $0.4375 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.75 annualized dividend and a dividend yield of 3.2%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 109.38%.

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.