Blair William & Co. IL Increases Stock Position in Brookfield Asset Management Ltd. (NYSE:BAM)

Blair William & Co. IL raised its stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 39.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,037 shares of the financial services provider's stock after buying an additional 7,716 shares during the quarter. Blair William & Co. IL's holdings in Brookfield Asset Management were worth $1,465,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BAM. JPMorgan Chase & Co. lifted its holdings in Brookfield Asset Management by 2.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,550,083 shares of the financial services provider's stock valued at $83,999,000 after acquiring an additional 30,892 shares during the last quarter. Korea Investment CORP lifted its stake in shares of Brookfield Asset Management by 77.9% in the 4th quarter. Korea Investment CORP now owns 228,895 shares of the financial services provider's stock valued at $12,408,000 after purchasing an additional 100,233 shares during the last quarter. Mufg Securities Canada LTD. grew its holdings in shares of Brookfield Asset Management by 71.7% during the 4th quarter. Mufg Securities Canada LTD. now owns 568,179 shares of the financial services provider's stock worth $30,795,000 after purchasing an additional 237,323 shares during the period. Summitry LLC increased its position in shares of Brookfield Asset Management by 1.6% during the 4th quarter. Summitry LLC now owns 127,022 shares of the financial services provider's stock worth $6,883,000 after purchasing an additional 1,961 shares during the last quarter. Finally, TD Asset Management Inc. boosted its stake in Brookfield Asset Management by 8.9% during the fourth quarter. TD Asset Management Inc. now owns 16,664,426 shares of the financial services provider's stock worth $903,323,000 after buying an additional 1,359,126 shares during the period. 68.41% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Brookfield Asset Management from $54.00 to $50.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. StockNews.com lowered Brookfield Asset Management from a "hold" rating to a "sell" rating in a research report on Monday. Keefe, Bruyette & Woods dropped their price objective on 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. BMO Capital Markets increased their target price on Brookfield Asset Management from $50.00 to $53.00 and gave the stock a "market perform" rating in a research note on Thursday, February 13th. Finally, TD Securities lifted 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. Three analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $57.67.

Brookfield Asset Management Stock Performance

Shares of NYSE:BAM traded down $0.84 during trading hours on Monday, reaching $43.39. The stock had a trading volume of 4,505,691 shares, compared to its average volume of 1,397,806. Brookfield Asset Management Ltd. has a 1 year low of $37.29 and a 1 year high of $62.61. The firm's 50 day moving average is $53.57 and its 200-day moving average is $53.72. The stock has a market capitalization of $71.04 billion, a price-to-earnings ratio of 32.87, a P/E/G ratio of 1.92 and a beta of 1.63.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its earnings results 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 return on equity of 81.16% and a net margin of 54.47%. Analysts forecast 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. Stockholders of record on Friday, February 28th were given a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was 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 (DPR) is 132.58%.

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.