Horizon Kinetics Asset Management LLC Sells 6,220 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

Horizon Kinetics Asset Management LLC lowered its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 234,360 shares of the financial services provider's stock after selling 6,220 shares during the period. Horizon Kinetics Asset Management LLC owned 0.05% of Brookfield Asset Management worth $12,700,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can grew its stake in shares of Brookfield Asset Management by 0.5% in the 3rd quarter. Bank of Montreal Can now owns 9,236,374 shares of the financial services provider's stock worth $435,729,000 after buying an additional 43,134 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Brookfield Asset Management by 0.7% in the 4th quarter. Principal Financial Group Inc. now owns 8,930,366 shares of the financial services provider's stock worth $483,963,000 after buying an additional 62,908 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Brookfield Asset Management by 103.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,997,157 shares of the financial services provider's stock worth $216,507,000 after buying an additional 2,031,995 shares during the last quarter. Douglass Winthrop Advisors LLC grew its stake in shares of Brookfield Asset Management by 3.9% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 2,670,488 shares of the financial services provider's stock worth $126,287,000 after buying an additional 99,020 shares during the last quarter. Finally, Madison Investment Advisors LLC purchased a new stake in shares of Brookfield Asset Management in the 4th quarter worth approximately $94,122,000. Institutional investors own 68.41% of the company's stock.

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Brookfield Asset Management Trading Up 1.2 %

Brookfield Asset Management stock traded up $0.57 during trading on Tuesday, reaching $48.51. The company had a trading volume of 1,449,799 shares, compared to its average volume of 1,299,452. Brookfield Asset Management Ltd. has a 52 week low of $37.29 and a 52 week high of $62.61. The firm's 50-day simple moving average is $55.48 and its 200 day simple moving average is $53.18. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 36.75, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last announced its 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%. On average, analysts predict that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.4375 dividend. This is a boost 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 3.61%. The ex-dividend date is Friday, February 28th. Brookfield Asset Management's dividend payout ratio (DPR) is currently 132.58%.

Wall Street Analysts Forecast Growth

Several analysts have commented on BAM shares. Hsbc Global Res upgraded Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. TD Securities increased their target price on Brookfield Asset Management from $64.00 to $66.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Scotiabank cut their target price on Brookfield Asset Management from $63.00 to $62.50 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company cut their target price on Brookfield Asset Management from $55.00 to $54.00 and set an "underweight" rating on the stock in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group increased their target price on Brookfield Asset Management from $57.00 to $63.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $56.71.

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.