America First Investment Advisors LLC Acquires 12,296 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

America First Investment Advisors LLC grew its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 474,212 shares of the financial services provider's stock after purchasing an additional 12,296 shares during the period. Brookfield Asset Management makes up approximately 5.0% of America First Investment Advisors LLC's investment portfolio, making the stock its 9th biggest position. America First Investment Advisors LLC owned 0.11% of Brookfield Asset Management worth $22,426,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BAM. The Manufacturers Life Insurance Company lifted its position in Brookfield Asset Management by 68.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,859,094 shares of the financial services provider's stock valued at $260,770,000 after purchasing an additional 2,788,611 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Brookfield Asset Management by 19.5% in the 2nd quarter. Mackenzie Financial Corp now owns 13,523,306 shares of the financial services provider's stock valued at $514,867,000 after acquiring an additional 2,205,040 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in Brookfield Asset Management in the second quarter worth about $42,160,000. TD Asset Management Inc increased its stake in Brookfield Asset Management by 8.5% during the second quarter. TD Asset Management Inc now owns 13,552,736 shares of the financial services provider's stock worth $515,823,000 after acquiring an additional 1,066,015 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Brookfield Asset Management by 66.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,965,162 shares of the financial services provider's stock valued at $92,896,000 after purchasing an additional 784,250 shares during the period. 68.41% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Asset Management Stock Performance

Brookfield Asset Management stock traded up $0.56 during midday trading on Thursday, hitting $55.56. 698,502 shares of the company's stock were exchanged, compared to its average volume of 1,260,426. The company has a market cap of $24.61 billion, a PE ratio of 48.67, a P/E/G ratio of 2.29 and a beta of 1.42. The firm has a 50-day moving average of $50.71 and a two-hundred day moving average of $43.74. Brookfield Asset Management Ltd. has a 12 month low of $33.13 and a 12 month high of $58.53.

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

Brookfield Asset Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, November 29th. Brookfield Asset Management's dividend payout ratio (DPR) is currently 134.51%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. 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 research report on Tuesday. Scotiabank boosted their price objective on shares of Brookfield Asset Management from $55.50 to $59.50 and gave the company a "sector outperform" rating in a research report on Tuesday, November 5th. Royal Bank of Canada raised their target price on shares of Brookfield Asset Management from $55.00 to $68.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods upped their price target on shares of Brookfield Asset Management from $44.00 to $49.00 and gave the company an "underperform" rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets raised their price objective on shares of Brookfield Asset Management from $40.00 to $50.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $53.46.

About Brookfield Asset Management

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.