Whittier Trust Co. of Nevada Inc. Has $946,000 Stock Position in Brookfield Asset Management Ltd. $BAM

Whittier Trust Co. of Nevada Inc. lifted its position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 81.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,114 shares of the financial services provider’s stock after buying an additional 7,691 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Brookfield Asset Management were worth $946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Whittier Trust Co. lifted its stake in shares of Brookfield Asset Management by 20.4% in the second quarter. Whittier Trust Co. now owns 45,508 shares of the financial services provider’s stock worth $2,515,000 after buying an additional 7,717 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Brookfield Asset Management by 18.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 79,236 shares of the financial services provider’s stock worth $4,375,000 after buying an additional 12,571 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of Brookfield Asset Management by 22.5% in the second quarter. Private Trust Co. NA now owns 1,532 shares of the financial services provider’s stock worth $85,000 after buying an additional 281 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of Brookfield Asset Management by 1.6% in the second quarter. TD Asset Management Inc now owns 15,589,384 shares of the financial services provider’s stock worth $861,101,000 after buying an additional 250,068 shares during the last quarter. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of Brookfield Asset Management in the second quarter worth $209,000. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank Of Canada upped their target price on shares of Brookfield Asset Management from $74.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Piper Sandler cut their target price 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. BMO Capital Markets upped their target price on shares of Brookfield Asset Management from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Thursday, August 7th. Scotiabank upped their target price on shares of 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. Finally, CIBC upped their target price on shares of Brookfield Asset Management from $70.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.27.

Brookfield Asset Management Price Performance

Brookfield Asset Management stock opened at $53.99 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.25 and a current ratio of 1.25. Brookfield Asset Management Ltd. has a 52-week low of $41.78 and a 52-week high of $64.10. The stock’s 50 day moving average price is $58.22 and its two-hundred day moving average price is $56.63. The stock has a market capitalization of $88.42 billion, a price-to-earnings ratio of 36.23, a PEG ratio of 2.04 and a beta of 1.39.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings results 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). The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Brookfield Asset Management had a net margin of 55.92% and a return on equity of 41.12%. On average, equities analysts predict 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 declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were given a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, August 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is 117.45%.

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.