Charles Schwab Investment Management Inc. Purchases 7,212 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

Charles Schwab Investment Management Inc. raised its holdings in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 842,141 shares of the financial services provider's stock after acquiring an additional 7,212 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.19% of Brookfield Asset Management worth $45,650,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC bought a new position in shares of Brookfield Asset Management during the third quarter worth $27,000. Versant Capital Management Inc boosted its position in shares of Brookfield Asset Management by 1,606.3% during the fourth quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock worth $44,000 after purchasing an additional 771 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of Brookfield Asset Management by 42.2% during the third quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider's stock worth $52,000 after purchasing an additional 329 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Brookfield Asset Management by 35.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider's stock worth $66,000 after purchasing an additional 319 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of Brookfield Asset Management by 170.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,406 shares of the financial services provider's stock worth $76,000 after purchasing an additional 887 shares in the last quarter. 68.41% of the stock is owned by institutional investors.

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Brookfield Asset Management Stock Performance

BAM traded up $0.57 on Tuesday, reaching $48.51. The company had a trading volume of 1,449,798 shares, compared to its average volume of 1,298,975. Brookfield Asset Management Ltd. has a fifty-two week low of $37.29 and a fifty-two week high of $62.61. The stock has a market cap of $21.50 billion, a P/E ratio of 36.75, a P/E/G ratio of 1.92 and a beta of 1.50. The company's fifty day moving average is $55.59 and its 200 day moving average is $53.12.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. Brookfield Asset Management had a net margin of 54.47% and a return on equity of 81.16%. On average, sell-side analysts expect that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.4375 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.75 dividend on an annualized basis and a yield of 3.61%. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. Brookfield Asset Management's payout ratio is currently 132.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. HSBC raised shares of Brookfield Asset Management from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Scotiabank cut their price objective on shares of Brookfield Asset Management from $63.00 to $62.50 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. CIBC boosted 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 report on Thursday, January 30th. BMO Capital Markets boosted their price objective on shares of Brookfield Asset Management from $50.00 to $53.00 and gave the company a "market perform" rating in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group boosted their price objective on shares of Brookfield Asset Management from $57.00 to $63.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $56.71.

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.