APG Asset Management N.V. Invests $11.70 Million in Brookfield Asset Management Ltd. (NYSE:BAM)

APG Asset Management N.V. purchased a new position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 223,500 shares of the financial services provider's stock, valued at approximately $11,700,000. APG Asset Management N.V. owned approximately 0.05% of Brookfield Asset Management as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the stock. Truvestments Capital LLC lifted its holdings in Brookfield Asset Management by 487.2% in the 4th quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 419 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in shares of Brookfield Asset Management during the 4th quarter worth about $32,000. Versant Capital Management Inc grew its stake in shares of Brookfield Asset Management by 1,606.3% during the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock valued at $44,000 after buying an additional 771 shares during the period. Continuum Advisory LLC increased its holdings in shares of Brookfield Asset Management by 42.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider's stock worth $52,000 after buying an additional 329 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Brookfield Asset Management by 35.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider's stock worth $66,000 after buying an additional 319 shares during the period. 68.41% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. CIBC upped their price target on Brookfield Asset Management from $63.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. TD Securities lifted their price target on shares of Brookfield Asset Management from $64.00 to $66.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Jefferies Financial Group cut their target price on shares of Brookfield Asset Management from $52.00 to $46.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their price target on shares of Brookfield Asset Management from $57.00 to $56.00 and set an "underperform" rating for the company in a research report on Monday, January 13th. Finally, StockNews.com cut Brookfield Asset Management from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Brookfield Asset Management currently has a consensus rating of "Hold" and an average price target of $57.15.

Brookfield Asset Management Trading Up 2.1 %

NYSE:BAM traded up $1.00 during trading hours on Monday, hitting $48.31. 1,690,372 shares of the stock traded hands, compared to its average volume of 1,447,217. The firm has a market cap of $79.10 billion, a price-to-earnings ratio of 36.60, a PEG ratio of 1.92 and a beta of 1.63. The firm has a 50 day moving average price of $51.89 and a 200 day moving average price of $53.62. Brookfield Asset Management Ltd. has a fifty-two week low of $37.29 and a fifty-two week high of $62.61.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. Brookfield Asset Management had a return on equity of 81.16% and a net margin of 54.47%. Research analysts predict that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a dividend of $0.4375 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.75 dividend on an annualized basis and a yield of 3.62%. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. Brookfield Asset Management's payout ratio is currently 132.58%.

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.