Bruni J V & Co. Co. Sells 86,095 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

Bruni J V & Co. Co. lowered its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,445 shares of the financial services provider's stock after selling 86,095 shares during the quarter. Brookfield Asset Management makes up approximately 1.8% of Bruni J V & Co. Co.'s holdings, making the stock its 23rd biggest position. Bruni J V & Co. Co. owned about 0.07% of Brookfield Asset Management worth $15,902,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hara Capital LLC bought a new stake in shares of Brookfield Asset Management during the 3rd quarter worth about $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Brookfield Asset Management during the 3rd quarter worth about $27,000. Versant Capital Management Inc boosted its stake in shares of Brookfield Asset Management by 1,606.3% during the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock worth $44,000 after acquiring an additional 771 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of Brookfield Asset Management by 42.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider's stock worth $52,000 after acquiring an additional 329 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Brookfield Asset Management by 35.1% during the 4th 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. Hedge funds and other institutional investors own 68.41% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on BAM shares. StockNews.com downgraded Brookfield Asset Management from a "hold" rating to a "sell" rating in a research note on Thursday, January 9th. Hsbc Global Res upgraded Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft increased their target price on Brookfield Asset Management from $56.00 to $59.00 and gave the company a "buy" rating in a research note on Monday, November 11th. UBS Group assumed coverage on Brookfield Asset Management in a research note on Monday, December 16th. They set a "buy" rating for the company. Finally, CIBC increased their target price on Brookfield Asset Management from $63.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $56.71.

Brookfield Asset Management Price Performance

Shares of BAM traded down $1.17 during mid-day trading on Monday, reaching $55.41. The company had a trading volume of 1,491,092 shares, compared to its average volume of 1,495,022. The company has a market capitalization of $24.55 billion, a P/E ratio of 41.98, a P/E/G ratio of 1.92 and a beta of 1.46. Brookfield Asset Management Ltd. has a twelve month low of $37.29 and a twelve month high of $62.61. The company's 50-day moving average is $56.80 and its 200-day moving average is $52.57.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last released its quarterly earnings results 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 return on equity of 81.16% and a net margin of 54.47%. As a group, equities analysts expect that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.4375 per share. The ex-dividend date is Friday, February 28th. This is a positive change from Brookfield Asset Management's previous quarterly dividend of $0.38. This represents a $1.75 dividend on an annualized basis and a yield of 3.16%. Brookfield Asset Management's dividend payout ratio is 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.