Brookfield Asset Management Ltd. (NYSE:BAM) Short Interest Up 26.7% in February

Brookfield Asset Management Ltd. (NYSE:BAM - Get Free Report) TSE: BAM.A was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 13,660,000 shares, a growth of 26.7% from the February 13th total of 10,780,000 shares. Based on an average daily trading volume, of 1,410,000 shares, the short-interest ratio is currently 9.7 days. Approximately 2.8% of the company's shares are sold short.

Brookfield Asset Management Stock Performance

Shares of Brookfield Asset Management stock traded up $0.17 on Friday, hitting $49.52. The company had a trading volume of 1,636,365 shares, compared to its average volume of 1,305,813. The stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of 37.52, a P/E/G ratio of 1.92 and a beta of 1.50. Brookfield Asset Management has a 1 year low of $37.29 and a 1 year high of $62.61. The stock has a 50 day moving average of $55.18 and a 200-day moving average of $53.19.

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, 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%. Equities analysts anticipate that Brookfield Asset Management will post 1.7 earnings per share for the current year.

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Brookfield Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.4375 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. This represents a $1.75 annualized dividend and a dividend yield of 3.53%. Brookfield Asset Management's dividend payout ratio is 132.58%.

Institutional Trading of Brookfield Asset Management

Institutional investors and hedge funds have recently modified their holdings of the business. RPg Family Wealth Advisory LLC purchased a new stake in shares of Brookfield Asset Management during the third quarter valued at approximately $27,000. Truvestments Capital LLC increased its position 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 acquiring an additional 419 shares during 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 increased 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 acquiring an additional 771 shares during the last quarter. Finally, 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 during the last quarter. 68.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on BAM. BMO Capital Markets upped their target price on Brookfield Asset Management from $50.00 to $53.00 and gave the company a "market perform" rating in a research report on Thursday, February 13th. CIBC upped their target price on Brookfield Asset Management from $63.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. HSBC upgraded Brookfield Asset Management from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. TD Securities upped their target price 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. Finally, StockNews.com upgraded Brookfield Asset Management from a "sell" rating to a "hold" rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Brookfield Asset Management presently has an average rating of "Moderate Buy" and an average target price of $56.38.

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.