Texas Yale Capital Corp. Buys 1,650 Shares of Brookfield Asset Management Ltd. $BAM

Texas Yale Capital Corp. raised its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,910 shares of the financial services provider’s stock after purchasing an additional 1,650 shares during the period. Texas Yale Capital Corp.’s holdings in Brookfield Asset Management were worth $5,191,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its position in Brookfield Asset Management by 1,270.6% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 466 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 432 shares during the period. Truvestments Capital LLC lifted its stake in Brookfield Asset Management by 85.5% during the 1st quarter. Truvestments Capital LLC now owns 937 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 432 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Brookfield Asset Management by 1,079.6% during the 1st quarter. Larson Financial Group LLC now owns 1,097 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 1,004 shares during the last quarter. DHJJ Financial Advisors Ltd. grew its stake 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 acquiring an additional 1,000 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Brookfield Asset Management by 127.7% in the second 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. 68.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on BAM. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $58.00 price objective on shares of Brookfield Asset Management in a research note on Thursday, August 7th. Piper Sandler decreased their price target on Brookfield Asset Management from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. Scotiabank boosted their price objective on Brookfield Asset Management from $66.00 to $67.25 and gave the stock a “sector outperform” rating in a research report on Thursday, August 7th. Bank of America lowered Brookfield Asset Management from a “buy” rating to a “neutral” rating and set a $68.00 target price for the company. in a research report on Thursday, September 4th. Finally, Royal Bank Of Canada raised their price objective on shares of Brookfield Asset Management from $74.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Two equities research 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 given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.14.

Brookfield Asset Management Trading Down 1.2%

NYSE BAM opened at $53.32 on Friday. 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 stock’s 50-day simple moving average is $56.82 and its two-hundred day simple moving average is $57.27. Brookfield Asset Management Ltd. has a twelve month low of $41.78 and a twelve month high of $64.10. The company has a market capitalization of $87.32 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 2.04 and a beta of 1.38.

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

About Brookfield Asset Management

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.