Choreo LLC Has $551,000 Stock Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Choreo LLC increased its stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 96.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,087 shares of the financial services provider's stock after purchasing an additional 4,964 shares during the period. Choreo LLC's holdings in Brookfield Asset Management were worth $551,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Tandem Capital Management Corp ADV raised its position in shares of Brookfield Asset Management by 0.4% during the 4th quarter. Tandem Capital Management Corp ADV now owns 39,111 shares of the financial services provider's stock valued at $2,119,000 after acquiring an additional 175 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of Brookfield Asset Management during the 4th quarter valued at $477,000. SOL Capital Management CO raised its position in shares of Brookfield Asset Management by 5.6% during the 4th quarter. SOL Capital Management CO now owns 31,616 shares of the financial services provider's stock valued at $1,713,000 after acquiring an additional 1,673 shares during the last quarter. Foundations Investment Advisors LLC raised its position in shares of Brookfield Asset Management by 75.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 11,650 shares of the financial services provider's stock valued at $631,000 after acquiring an additional 4,996 shares during the last quarter. Finally, Grimes & Company Inc. bought a new stake in shares of Brookfield Asset Management during the 4th quarter valued at $203,000. Institutional investors own 68.41% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on BAM. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Brookfield Asset Management from $56.00 to $59.00 and gave the company a "buy" rating in a research report on Monday, November 11th. HSBC upgraded shares of Brookfield Asset Management from a "hold" rating to a "buy" rating in a research report on Friday. Wells Fargo & Company lowered their price objective on shares of Brookfield Asset Management from $55.00 to $54.00 and set an "underweight" rating for the company in a research report on Thursday. StockNews.com cut shares of Brookfield Asset Management from a "hold" rating to a "sell" rating in a research report on Thursday, January 9th. Finally, The Goldman Sachs Group upped their price objective on shares of Brookfield Asset Management from $57.00 to $63.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Brookfield Asset Management presently has a consensus rating of "Hold" and an average target price of $56.71.

Brookfield Asset Management Trading Up 4.0 %

Shares of Brookfield Asset Management stock traded up $2.29 during trading hours on Friday, reaching $59.86. 1,928,737 shares of the company's stock were exchanged, compared to its average volume of 1,329,742. The company has a 50 day moving average of $56.45 and a two-hundred day moving average of $51.06. Brookfield Asset Management Ltd. has a fifty-two week low of $37.29 and a fifty-two week high of $62.61. The stock has a market cap of $26.53 billion, a P/E ratio of 52.98, a P/E/G ratio of 2.18 and a beta of 1.46.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 85.03%. As a group, analysts expect that Brookfield Asset Management Ltd. will post 1.45 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.4375 dividend. 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 2.92%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Asset Management's dividend payout ratio (DPR) is 134.51%.

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.