Brookfield Asset Management Ltd. (NYSE:BAM) Shares Purchased by Capital International Sarl

Capital International Sarl increased its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 235,964 shares of the financial services provider's stock after purchasing an additional 15,661 shares during the period. Capital International Sarl owned 0.05% of Brookfield Asset Management worth $12,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Truvestments Capital LLC boosted its stake in shares of Brookfield Asset Management by 487.2% during the fourth quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider's stock worth $27,000 after buying an additional 419 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in Brookfield Asset Management during the 4th quarter worth approximately $32,000. Versant Capital Management Inc grew its stake in shares of Brookfield Asset Management by 1,606.3% in the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 771 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Brookfield Asset Management by 61.0% in the fourth quarter. NewEdge Advisors LLC now owns 858 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 325 shares during the period. Finally, Redwood Park Advisors LLC purchased a new stake in shares of Brookfield Asset Management during the fourth quarter worth approximately $64,000. 68.41% of the stock is owned by hedge funds and other institutional investors.

Brookfield Asset Management Stock Performance

Brookfield Asset Management stock traded up $2.07 during trading on Tuesday, reaching $49.35. The company had a trading volume of 909,598 shares, compared to its average volume of 1,429,973. The firm has a market capitalization of $80.81 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 1.92 and a beta of 1.63. Brookfield Asset Management Ltd. has a 12-month low of $37.29 and a 12-month high of $62.61. The stock's 50 day moving average price is $50.84 and its two-hundred day moving average price is $53.66.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its earnings results on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share for the quarter, topping 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, research analysts expect that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $0.4375 dividend. This is a positive change from Brookfield Asset Management's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.75 annualized dividend and a yield of 3.55%. Brookfield Asset Management's dividend payout ratio (DPR) is presently 132.58%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BAM. Keefe, Bruyette & Woods decreased their price target on Brookfield Asset Management from $57.00 to $56.00 and set an "underperform" rating on the stock in a research note on Monday, January 13th. Morgan Stanley lowered their target price on shares of Brookfield Asset Management from $62.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. TD Securities boosted their price target on Brookfield Asset Management from $64.00 to $66.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Hsbc Global Res raised Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Finally, HSBC upgraded Brookfield Asset Management from a "hold" rating to a "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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Brookfield Asset Management has an average rating of "Moderate Buy" and an average target price of $57.15.

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.