Brookfield Asset Management Ltd. (NYSE:BAM) Shares Sold by 2Xideas AG

2Xideas AG decreased its holdings in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 38.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 245,118 shares of the financial services provider's stock after selling 155,882 shares during the period. Brookfield Asset Management makes up about 1.8% of 2Xideas AG's investment portfolio, making the stock its 19th largest position. 2Xideas AG owned 0.06% of Brookfield Asset Management worth $13,287,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Brookfield Asset Management by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 16,901,942 shares of the financial services provider's stock worth $916,676,000 after purchasing an additional 263,660 shares in the last quarter. TD Asset Management Inc. lifted its position in Brookfield Asset Management by 8.9% during the 4th quarter. TD Asset Management Inc. now owns 16,664,426 shares of the financial services provider's stock worth $903,323,000 after acquiring an additional 1,359,126 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Brookfield Asset Management by 0.7% in the 4th quarter. Principal Financial Group Inc. now owns 8,930,366 shares of the financial services provider's stock worth $483,963,000 after acquiring an additional 62,908 shares during the period. Norges Bank purchased a new position in Brookfield Asset Management in the 4th quarter worth approximately $287,361,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Brookfield Asset Management by 103.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,997,157 shares of the financial services provider's stock worth $216,507,000 after purchasing an additional 2,031,995 shares in the last quarter. 68.41% of the stock is owned by institutional investors and hedge funds.

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Brookfield Asset Management Price Performance

Shares of NYSE BAM traded up $0.86 during mid-day trading on Friday, hitting $46.94. The company had a trading volume of 801,481 shares, compared to its average volume of 1,440,785. Brookfield Asset Management Ltd. has a 12 month low of $37.29 and a 12 month high of $62.61. The stock has a market cap of $76.86 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 1.92 and a beta of 1.63. The firm's 50 day simple moving average is $52.08 and its two-hundred day simple moving average is $53.58.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its earnings results on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. Brookfield Asset Management had a return on equity of 81.16% and a net margin of 54.47%. Equities analysts forecast that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a $0.4375 dividend. The ex-dividend date was Friday, February 28th. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. This represents a $1.75 annualized dividend and a yield of 3.73%. Brookfield Asset Management's dividend payout ratio (DPR) is currently 132.58%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BAM shares. TD Securities raised their price target on shares of Brookfield Asset Management from $64.00 to $66.00 and gave the company a "buy" rating in a report on Monday, February 10th. Jefferies Financial Group cut their price target on Brookfield Asset Management from $52.00 to $46.00 and set a "hold" rating on the stock in a research note on Tuesday. Bank of America raised Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 price target for the company in a report on Thursday. BMO Capital Markets lifted their price target on shares of Brookfield Asset Management from $50.00 to $53.00 and gave the stock a "market perform" rating in a research note on Thursday, February 13th. Finally, Scotiabank reduced their price target on shares of Brookfield Asset Management from $62.50 to $58.00 and set a "sector outperform" rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Brookfield Asset Management has an average rating of "Moderate Buy" and a consensus price target of $57.75.

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.