Aster Capital Management DIFC Ltd Acquires New Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Aster Capital Management DIFC Ltd bought a new stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 27,520 shares of the financial services provider's stock, valued at approximately $1,491,000. Brookfield Asset Management makes up 0.6% of Aster Capital Management DIFC Ltd's portfolio, making the stock its 27th largest position.

A number of other institutional investors also recently added to or reduced their stakes in BAM. Truvestments Capital LLC raised its stake in shares of Brookfield Asset Management by 487.2% during the fourth 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. bought a new stake in Brookfield Asset Management during the fourth quarter worth approximately $32,000. Versant Capital Management Inc boosted its stake in 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 purchasing an additional 771 shares in the last quarter. Continuum Advisory LLC increased its position 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 valued at $52,000 after purchasing an additional 329 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake 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 in the last quarter. Institutional investors and hedge funds own 68.41% of the company's stock.

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Brookfield Asset Management Stock Performance

Shares of NYSE BAM traded up $0.54 during mid-day trading on Friday, reaching $46.62. The company had a trading volume of 767,400 shares, compared to its average volume of 1,440,594. The stock has a fifty day moving average of $52.08 and a two-hundred day moving average of $53.58. Brookfield Asset Management Ltd. has a 12-month low of $37.29 and a 12-month high of $62.61. The company has a market capitalization of $76.34 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 1.92 and a beta of 1.63.

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 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%. Sell-side analysts forecast that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a dividend of $0.4375 per share. This is a positive change from Brookfield Asset Management's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.75 annualized dividend and a dividend yield of 3.75%. Brookfield Asset Management's dividend payout ratio is 132.58%.

Analysts Set New Price Targets

BAM has been the subject of several research reports. Wells Fargo & Company decreased their target price on Brookfield Asset Management from $50.00 to $48.00 and set an "underweight" rating for the company in a research note on Tuesday. Jefferies Financial Group lowered their price objective 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. CIBC increased their target price on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. 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 report on Thursday, February 13th. Finally, TD Securities upped their price target on Brookfield Asset Management from $64.00 to $66.00 and gave the company a "buy" rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $57.75.

Brookfield Asset Management Company 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.