Brookfield Asset Management Ltd. (NYSE:BAM) Shares Sold by Natixis

Natixis reduced its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 26.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,584 shares of the financial services provider's stock after selling 10,608 shares during the period. Natixis' holdings in Brookfield Asset Management were worth $1,603,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of Brookfield Asset Management by 2.3% during the fourth quarter. FMR LLC now owns 19,646,285 shares of the financial services provider's stock worth $1,064,983,000 after acquiring an additional 447,642 shares during the period. Vanguard Group Inc. increased its holdings in Brookfield Asset Management by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 16,901,942 shares of the financial services provider's stock worth $916,676,000 after purchasing an additional 263,660 shares during the period. TD Asset Management Inc. raised its position in Brookfield Asset Management by 8.9% in the 4th quarter. TD Asset Management Inc. now owns 16,664,426 shares of the financial services provider's stock valued at $903,323,000 after purchasing an additional 1,359,126 shares in the last quarter. Capital International Investors boosted its stake in shares of Brookfield Asset Management by 0.7% in the 4th quarter. Capital International Investors now owns 16,116,518 shares of the financial services provider's stock valued at $873,354,000 after buying an additional 116,008 shares during the period. Finally, FIL Ltd grew its position in shares of Brookfield Asset Management by 3.9% during the fourth quarter. FIL Ltd now owns 15,369,816 shares of the financial services provider's stock worth $833,581,000 after buying an additional 574,978 shares in the last quarter. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Asset Management Stock Performance

Shares of Brookfield Asset Management stock opened at $49.45 on Wednesday. The company's fifty day moving average is $50.68 and its two-hundred day moving average is $53.63. Brookfield Asset Management Ltd. has a 1 year low of $37.29 and a 1 year high of $62.61. The company has a market capitalization of $80.96 billion, a P/E ratio of 37.46, a PEG ratio of 1.92 and a beta of 1.63.

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, beating the consensus estimate 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 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a dividend of $0.4375 per share. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. This represents a $1.75 annualized dividend and a dividend yield of 3.54%. Brookfield Asset Management's dividend payout ratio (DPR) is currently 132.58%.

Wall Street Analyst Weigh In

BAM has been the topic of several analyst reports. Scotiabank reduced their target price on shares of Brookfield Asset Management from $62.50 to $58.00 and set a "sector outperform" rating on the stock in a report on Monday, April 7th. Bank of America upgraded shares of Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 price objective on the stock in a report on Thursday, April 10th. StockNews.com upgraded shares of Brookfield Asset Management from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. TD Securities raised their price target 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. Finally, Hsbc Global Res raised Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $57.15.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.