Brookfield Asset Management Ltd. (NYSE:BAM) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 30.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,389 shares of the financial services provider's stock after purchasing an additional 17,369 shares during the quarter. American Century Companies Inc.'s holdings in Brookfield Asset Management were worth $4,033,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of Brookfield Asset Management by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 8,930,366 shares of the financial services provider's stock worth $483,963,000 after purchasing an additional 62,908 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Brookfield Asset Management by 103.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,997,157 shares of the financial services provider's stock valued at $216,507,000 after buying an additional 2,031,995 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Brookfield Asset Management in the 4th quarter worth approximately $204,169,000. Madison Investment Advisors LLC purchased a new stake in shares of Brookfield Asset Management during the 4th quarter worth approximately $94,122,000. Finally, Geode Capital Management LLC raised its holdings in shares of Brookfield Asset Management by 11.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,611,859 shares of the financial services provider's stock worth $77,293,000 after acquiring an additional 168,170 shares in the last quarter. 68.41% of the stock is owned by hedge funds and other institutional investors.

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Brookfield Asset Management Stock Down 2.1 %

Shares of NYSE:BAM traded down $0.97 during trading on Thursday, hitting $46.05. The stock had a trading volume of 3,055,830 shares, compared to its average volume of 1,443,158. Brookfield Asset Management Ltd. has a 12-month low of $37.29 and a 12-month high of $62.61. The stock has a market capitalization of $75.39 billion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.63. The stock has a 50-day simple moving average of $52.08 and a two-hundred day simple moving average of $53.58.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $0.4375 per share. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. This represents a $1.75 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Asset Management's dividend payout ratio (DPR) is currently 132.58%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BAM shares. Wells Fargo & Company reduced their price target on shares of Brookfield Asset Management from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Tuesday. Bank of America upgraded shares of Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 target price on the stock in a research report on Thursday. BMO Capital Markets lifted their price target on 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. Jefferies Financial Group decreased their price objective on Brookfield Asset Management from $52.00 to $46.00 and set a "hold" rating on the stock in a research report on Tuesday. Finally, TD Securities lifted their target price on Brookfield Asset Management from $64.00 to $66.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $57.75.

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.