Brookfield Asset Management Ltd. (NYSE:BAM) Shares Acquired by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC increased its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,670,488 shares of the financial services provider's stock after purchasing an additional 99,020 shares during the quarter. Brookfield Asset Management accounts for 2.4% of Douglass Winthrop Advisors LLC's holdings, making the stock its 16th largest holding. Douglass Winthrop Advisors LLC owned about 0.60% of Brookfield Asset Management worth $126,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. TD Asset Management Inc lifted its holdings in Brookfield Asset Management by 8.5% during the 2nd quarter. TD Asset Management Inc now owns 13,552,736 shares of the financial services provider's stock worth $515,823,000 after buying an additional 1,066,015 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Brookfield Asset Management by 19.5% during the 2nd quarter. Mackenzie Financial Corp now owns 13,523,306 shares of the financial services provider's stock worth $514,867,000 after buying an additional 2,205,040 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Brookfield Asset Management by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 10,760,414 shares of the financial services provider's stock worth $452,153,000 after buying an additional 186,765 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Brookfield Asset Management by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 8,867,458 shares of the financial services provider's stock worth $419,400,000 after buying an additional 24,409 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Brookfield Asset Management by 68.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,859,094 shares of the financial services provider's stock worth $260,770,000 after buying an additional 2,788,611 shares during the last quarter. 68.41% of the stock is owned by institutional investors and hedge funds.

Brookfield Asset Management Stock Up 1.2 %

BAM traded up $0.64 on Monday, hitting $56.11. 990,581 shares of the company traded hands, compared to its average volume of 1,258,261. The company has a 50 day moving average of $51.36 and a 200-day moving average of $44.11. The stock has a market capitalization of $24.85 billion, a PE ratio of 49.66, a PEG ratio of 2.28 and a beta of 1.42. Brookfield Asset Management Ltd. has a 12-month low of $33.45 and a 12-month high of $58.53.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings data on Monday, November 4th. The financial services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. Brookfield Asset Management had a return on equity of 85.03% and a net margin of 49.69%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the business earned $0.35 EPS. On average, research analysts anticipate that Brookfield Asset Management Ltd. will post 1.47 EPS for the current year.

Brookfield Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.71%. The ex-dividend date is Friday, November 29th. Brookfield Asset Management's payout ratio is 134.51%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. BMO Capital Markets lifted their price target on Brookfield Asset Management from $40.00 to $50.00 and gave the stock a "market perform" rating in a report on Tuesday, November 5th. Scotiabank boosted their target price on Brookfield Asset Management from $55.50 to $59.50 and gave the company a "sector outperform" rating in a report on Tuesday, November 5th. StockNews.com raised Brookfield Asset Management from a "sell" rating to a "hold" rating in a report on Thursday. The Goldman Sachs Group boosted their target price on Brookfield Asset Management from $57.00 to $63.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Royal Bank of Canada boosted their target price on Brookfield Asset Management from $55.00 to $68.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $53.46.

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.