Canoe Financial LP Invests $7.20 Million in Brookfield Asset Management Ltd. $BAM

Posted by Stanley Muller on Jun 29th, 2026

Canoe Financial LP purchased a new position in shares of Brookfield Asset Management Ltd. (NYSE:BAM – Free Report) (TSE:BAM.A) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 162,000 shares of the financial services provider’s stock, valued at approximately $7,200,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Summerhill Capital Management lnc. purchased a new stake in Brookfield Asset Management during the 1st quarter valued at approximately $295,000. Venturi Wealth Management LLC grew its stake in shares of Brookfield Asset Management by 17.8% in the 1st quarter. Venturi Wealth Management LLC now owns 5,024 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 760 shares during the last quarter. Maridea Wealth Management LLC increased its holdings in shares of Brookfield Asset Management by 30.4% in the first quarter. Maridea Wealth Management LLC now owns 24,351 shares of the financial services provider’s stock valued at $1,082,000 after purchasing an additional 5,681 shares during the period. Ritholtz Wealth Management increased its holdings in shares of Brookfield Asset Management by 160.7% in the first quarter. Ritholtz Wealth Management now owns 13,680 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 8,432 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Brookfield Asset Management by 689.0% during the first quarter. Assenagon Asset Management S.A. now owns 81,075 shares of the financial services provider’s stock worth $3,593,000 after purchasing an additional 70,799 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Brookfield Asset Management Stock Up 0.1%

Brookfield Asset Management stock opened at $44.66 on Monday. The stock’s 50 day moving average price is $47.67 and its 200 day moving average price is $48.77. Brookfield Asset Management Ltd. has a 1-year low of $42.20 and a 1-year high of $64.10. The company has a market cap of $73.16 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 1.79 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 1.38.

Brookfield Asset Management (NYSE:BAM – Get Free Report) (TSE:BAM.A) last released its earnings results on Friday, May 8th. The financial services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.43 billion. Brookfield Asset Management had a return on equity of 30.66% and a net margin of 49.69%. On average, sell-side analysts predict that Brookfield Asset Management Ltd. will post 1.75 EPS for the current fiscal year.

Brookfield Asset Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a $0.5025 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.01 annualized dividend and a dividend yield of 4.5%. Brookfield Asset Management’s dividend payout ratio (DPR) is 130.52%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BAM shares. Scotiabank reaffirmed an “outperform” rating and set a $57.00 price target (up from $56.00) on shares of Brookfield Asset Management in a report on Monday, May 11th. JPMorgan Chase & Co. cut their price objective on shares of Brookfield Asset Management from $72.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings cut shares of Brookfield Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Wall Street Zen raised shares of Brookfield Asset Management from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Zacks Research lowered shares of Brookfield Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Brookfield Asset Management presently has a consensus rating of “Hold” and a consensus price target of $60.21.

Read Our Latest Stock Report on BAM

About Brookfield Asset Management

(Free Report)

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company’s products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.