Broad Run Investment Management LLC Lowers Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Broad Run Investment Management LLC trimmed its stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 470,687 shares of the financial services provider's stock after selling 64,474 shares during the quarter. Brookfield Asset Management accounts for 3.5% of Broad Run Investment Management LLC's portfolio, making the stock its 14th biggest holding. Broad Run Investment Management LLC owned about 0.11% of Brookfield Asset Management worth $25,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of BAM. Truvestments Capital LLC boosted its stake 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 worth $27,000 after purchasing an additional 419 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Brookfield Asset Management during the fourth quarter valued at approximately $32,000. Versant Capital Management Inc grew its holdings in shares of Brookfield Asset Management by 1,606.3% during the fourth 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 last quarter. NewEdge Advisors LLC increased its position in shares of Brookfield Asset Management by 61.0% during the fourth quarter. NewEdge Advisors LLC now owns 858 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 325 shares in the last quarter. Finally, Redwood Park Advisors LLC purchased a new position in Brookfield Asset Management in the 4th quarter worth approximately $64,000. 68.41% of the stock is owned by hedge funds and other institutional investors.

Brookfield Asset Management Trading Up 1.0 %

Brookfield Asset Management stock opened at $52.97 on Friday. Brookfield Asset Management Ltd. has a 12-month low of $37.29 and a 12-month high of $62.61. The firm has a market capitalization of $86.73 billion, a price-to-earnings ratio of 40.13, a P/E/G ratio of 1.92 and a beta of 1.63. The firm has a 50 day moving average of $50.19 and a 200 day moving average of $53.73.

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 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. Brookfield Asset Management had a net margin of 54.47% and a return on equity of 81.16%. On average, 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 announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a dividend of $0.4375 per share. The ex-dividend date was Friday, February 28th. This represents a $1.75 annualized dividend and a dividend yield of 3.30%. 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%.

Wall Street Analyst Weigh In

BAM has been the subject of a number of research analyst reports. Bank of America raised Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 target price for the company in a report on Thursday, April 10th. Jefferies Financial Group lowered 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 reduced 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 note on Monday, January 13th. Hsbc Global Res upgraded shares of Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Finally, BMO Capital Markets lifted their target price 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $57.15.

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.

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