Capital International Inc. CA Increases Stock Position in Brookfield Asset Management Ltd. (NYSE:BAM)

Capital International Inc. CA boosted its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 13.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 242,391 shares of the financial services provider's stock after buying an additional 28,833 shares during the quarter. Capital International Inc. CA owned approximately 0.05% of Brookfield Asset Management worth $13,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Tandem Capital Management Corp ADV lifted its position in Brookfield Asset Management by 0.4% during the fourth quarter. Tandem Capital Management Corp ADV now owns 39,111 shares of the financial services provider's stock valued at $2,119,000 after purchasing an additional 175 shares during the last quarter. RE Dickinson Investment Advisors LLC raised its position in shares of Brookfield Asset Management by 3.2% during the 4th quarter. RE Dickinson Investment Advisors LLC now owns 6,962 shares of the financial services provider's stock valued at $377,000 after buying an additional 215 shares in the last quarter. Gold Investment Management Ltd. lifted its holdings in shares of Brookfield Asset Management by 0.5% during the 4th quarter. Gold Investment Management Ltd. now owns 41,889 shares of the financial services provider's stock worth $2,271,000 after acquiring an additional 219 shares during the last quarter. Procyon Advisors LLC lifted its holdings in shares of Brookfield Asset Management by 2.7% during the 4th quarter. Procyon Advisors LLC now owns 9,312 shares of the financial services provider's stock worth $505,000 after acquiring an additional 249 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in 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 worth $66,000 after acquiring an additional 319 shares in the last quarter. Institutional investors own 68.41% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BAM. Bank of America raised Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 price target for the company in a research note on Thursday, April 10th. 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. Morgan Stanley decreased their target price on shares of Brookfield Asset Management from $62.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. BMO Capital Markets upped their price target on shares of 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. Finally, HSBC raised Brookfield Asset Management from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $57.15.

Brookfield Asset Management Stock Performance

BAM stock traded up $0.36 on Friday, reaching $52.79. The company's stock had a trading volume of 684,684 shares, compared to its average volume of 1,431,778. The firm has a market cap of $86.44 billion, a PE ratio of 39.98, a PEG ratio of 1.92 and a beta of 1.63. The business has a fifty day simple moving average of $50.34 and a two-hundred day simple moving average of $53.64. Brookfield Asset Management Ltd. has a 12-month low of $37.29 and a 12-month high of $62.61.

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, topping 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%. As a group, research analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The company also recently disclosed 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 represents a $1.75 annualized dividend and a yield of 3.31%. This is a boost from Brookfield Asset Management's previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 28th. Brookfield Asset Management's payout ratio is presently 132.58%.

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.