Brookfield Asset Management Ltd. (NYSE:BAM) Stake Decreased by Aigen Investment Management LP

Aigen Investment Management LP trimmed its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 85.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,025 shares of the financial services provider's stock after selling 24,230 shares during the period. Aigen Investment Management LP's holdings in Brookfield Asset Management were worth $218,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Brookfield Asset Management in the 3rd quarter worth about $27,000. Versant Capital Management Inc increased its position in shares of Brookfield Asset Management by 1,606.3% in the fourth quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock worth $44,000 after acquiring an additional 771 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of Brookfield Asset Management by 42.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 329 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Brookfield Asset Management by 35.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 319 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Brookfield Asset Management by 170.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,406 shares of the financial services provider's stock valued at $76,000 after acquiring an additional 887 shares in the last quarter. 68.41% of the stock is owned by hedge funds and other institutional investors.

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Brookfield Asset Management Price Performance

NYSE:BAM traded down $1.86 during mid-day trading on Thursday, reaching $45.65. The stock had a trading volume of 3,586,452 shares, compared to its average volume of 1,299,457. The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. Brookfield Asset Management Ltd. has a 1-year low of $37.29 and a 1-year high of $62.61. The stock's 50 day simple moving average is $56.06 and its two-hundred day simple moving average is $52.93.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share (EPS) 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%. Sell-side analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.4375 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.75 dividend on an annualized basis and a yield of 3.83%. This is a boost from Brookfield Asset Management's previous quarterly dividend of $0.38. Brookfield Asset Management's dividend payout ratio (DPR) is currently 132.58%.

Analyst Upgrades and Downgrades

Several research analysts have commented on BAM shares. TD Securities raised their price objective on Brookfield Asset Management from $64.00 to $66.00 and gave the company a "buy" rating in a research report on Monday, February 10th. BMO Capital Markets raised their target price on Brookfield Asset Management from $50.00 to $53.00 and gave the company a "market perform" rating in a report on Thursday, February 13th. UBS Group assumed coverage on Brookfield Asset Management in a report on Monday, December 16th. They issued a "buy" rating for the company. Scotiabank dropped their price objective on shares of Brookfield Asset Management from $63.00 to $62.50 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group upped their target price on shares of Brookfield Asset Management from $57.00 to $63.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $56.71.

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.