Brookfield Asset Management Ltd. (NYSE:BAM) Shares Sold by Moerus Capital Management LLC

Moerus Capital Management LLC trimmed its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,366 shares of the financial services provider's stock after selling 5,831 shares during the period. Brookfield Asset Management comprises about 0.8% of Moerus Capital Management LLC's portfolio, making the stock its 13th largest position. Moerus Capital Management LLC's holdings in Brookfield Asset Management were worth $2,242,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Truvestments Capital LLC raised its stake in shares of Brookfield Asset Management by 487.2% during the 4th quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider's stock worth $27,000 after acquiring an additional 419 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in shares of Brookfield Asset Management during the fourth quarter worth $32,000. Versant Capital Management Inc lifted its holdings 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 valued at $44,000 after purchasing an additional 771 shares during the last quarter. Continuum Advisory LLC grew its stake in 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 buying an additional 329 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Brookfield Asset Management by 35.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider's stock valued at $66,000 after buying an additional 319 shares during the last quarter. Hedge funds and other institutional investors own 68.41% of the company's stock.

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Brookfield Asset Management Price Performance

Shares of NYSE:BAM traded up $0.40 during mid-day trading on Friday, reaching $46.48. 767,400 shares of the company were exchanged, compared to its average volume of 1,440,594. Brookfield Asset Management Ltd. has a 1 year low of $37.29 and a 1 year high of $62.61. The firm's 50-day simple moving average is $52.08 and its 200 day simple moving average is $53.58. The firm has a market cap of $76.10 billion, a price-to-earnings ratio of 35.22, a P/E/G ratio of 1.92 and a beta of 1.63.

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

Brookfield Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a dividend of $0.4375 per share. The ex-dividend date of this dividend was 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 3.77%. Brookfield Asset Management's dividend payout ratio is 132.58%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BAM. StockNews.com downgraded Brookfield Asset Management from a "hold" rating to a "sell" rating in a research report on Monday. CIBC lifted their price objective on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Wells Fargo & Company reduced their target price on shares of Brookfield Asset Management from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Tuesday. HSBC raised shares of Brookfield Asset Management from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Finally, UBS Group initiated coverage on Brookfield Asset Management in a report on Monday, December 16th. They issued a "buy" rating for the company. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Brookfield Asset Management currently has a consensus rating of "Moderate Buy" and an average target price of $57.75.

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.