Brookfield Asset Management Ltd. (NYSE:BAM) Shares Sold by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA decreased its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 392,566 shares of the financial services provider's stock after selling 14,470 shares during the quarter. Brookfield Asset Management accounts for about 1.1% of Mcdonald Capital Investors Inc. CA's holdings, making the stock its 17th biggest holding. Mcdonald Capital Investors Inc. CA owned 0.09% of Brookfield Asset Management worth $18,564,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. TD Asset Management Inc raised its holdings in Brookfield Asset Management by 8.5% in the second quarter. TD Asset Management Inc now owns 13,552,736 shares of the financial services provider's stock valued at $515,823,000 after acquiring an additional 1,066,015 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Brookfield Asset Management by 19.5% in the second 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 in the last quarter. Vanguard Group Inc. increased its stake in Brookfield Asset Management by 1.8% in the first quarter. Vanguard Group Inc. now owns 10,760,414 shares of the financial services provider's stock valued at $452,153,000 after purchasing an additional 186,765 shares during the last quarter. Principal Financial Group Inc. increased its stake in Brookfield Asset Management by 0.3% in the third quarter. Principal Financial Group Inc. now owns 8,867,458 shares of the financial services provider's stock valued at $419,400,000 after purchasing an additional 24,409 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Brookfield Asset Management by 68.5% in 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. Institutional investors and hedge funds own 68.41% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Bank of America increased their price target on shares of Brookfield Asset Management from $41.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. lowered their target price on shares of Brookfield Asset Management from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Thursday, August 8th. Keefe, Bruyette & Woods raised their target price on shares of Brookfield Asset Management from $44.00 to $49.00 and gave the stock an "underperform" rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Brookfield Asset Management from $51.00 to $56.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, BMO Capital Markets lifted their price objective on shares of Brookfield Asset Management from $40.00 to $50.00 and gave the company a "market perform" rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $52.29.

Brookfield Asset Management Stock Down 1.8 %

Shares of BAM traded down $1.04 during mid-day trading on Thursday, reaching $55.92. 1,603,245 shares of the company's stock were exchanged, compared to its average volume of 1,282,553. The company has a 50-day simple moving average of $47.78 and a two-hundred day simple moving average of $42.55. Brookfield Asset Management Ltd. has a 52-week low of $30.60 and a 52-week high of $57.48. The company has a market cap of $24.84 billion, a price-to-earnings ratio of 49.43, a PEG ratio of 2.55 and a beta of 1.42.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its quarterly earnings data on Monday, November 4th. The financial services provider reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.02. The business had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.19 billion. Brookfield Asset Management had a net margin of 51.29% and a return on equity of 92.37%. During the same period last year, the company posted $0.35 EPS. As a group, equities research analysts predict that Brookfield Asset Management Ltd. will post 1.43 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 2.72%. Brookfield Asset Management's payout ratio is currently 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.