Check Capital Management Inc. CA Sells 41,000 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

Check Capital Management Inc. CA reduced its holdings in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 78.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,536 shares of the financial services provider's stock after selling 41,000 shares during the period. Brookfield Asset Management makes up about 0.0% of Check Capital Management Inc. CA's investment portfolio, making the stock its 27th largest position. Check Capital Management Inc. CA's holdings in Brookfield Asset Management were worth $625,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Hara Capital LLC bought a new position in Brookfield Asset Management during the third quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Brookfield Asset Management in the 3rd quarter worth $27,000. Versant Capital Management Inc raised its position 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. Continuum Advisory LLC raised its position in shares of Brookfield Asset Management by 42.2% during the third quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider's stock valued at $52,000 after buying an additional 329 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Brookfield Asset Management by 35.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider's stock valued at $66,000 after buying an additional 319 shares during the period. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BAM shares. Wells Fargo & Company reduced their price objective on Brookfield Asset Management from $55.00 to $54.00 and set an "underweight" rating for the company in a research report on Thursday, February 13th. Hsbc Global Res upgraded shares of Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. CIBC increased their price objective 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. Keefe, Bruyette & Woods reduced their price objective on shares of Brookfield Asset Management from $57.00 to $56.00 and set an "underperform" rating for the company in a report on Monday, January 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 equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Brookfield Asset Management has a consensus rating of "Hold" and a consensus price target of $56.71.

Brookfield Asset Management Stock Up 0.1 %

NYSE:BAM traded up $0.05 during mid-day trading on Wednesday, reaching $60.79. 1,596,935 shares of the company were exchanged, compared to its average volume of 1,481,176. The stock has a market cap of $26.94 billion, a PE ratio of 46.06, a PEG ratio of 2.17 and a beta of 1.46. Brookfield Asset Management Ltd. has a 12 month low of $37.29 and a 12 month high of $62.61. The company has a fifty day moving average of $56.57 and a 200 day moving average of $51.43.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates 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, equities research analysts anticipate that Brookfield Asset Management Ltd. will post 1.71 EPS for the current fiscal year.

Brookfield Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Asset Management's previous quarterly dividend of $0.38. Brookfield Asset Management's dividend payout ratio is 115.15%.

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.