Compagnie Lombard Odier SCmA Grows Stock Position in Brookfield Asset Management Ltd. (NYSE:BAM)

Compagnie Lombard Odier SCmA lifted its holdings in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 479,850 shares of the financial services provider's stock after acquiring an additional 14,500 shares during the quarter. Compagnie Lombard Odier SCmA owned 0.11% of Brookfield Asset Management worth $26,003,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Hara Capital LLC purchased a new position in shares of Brookfield Asset Management in the third quarter worth $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Brookfield Asset Management in the third quarter worth $27,000. Versant Capital Management Inc increased its stake in shares of Brookfield Asset Management by 1,606.3% in the fourth quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock worth $44,000 after buying an additional 771 shares during the period. Continuum Advisory LLC increased its stake in shares of Brookfield Asset Management by 42.2% in the third 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 period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of 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 worth $66,000 after buying an additional 319 shares during the period. 68.41% of the stock is currently owned by institutional investors.

Brookfield Asset Management Price Performance

Brookfield Asset Management stock traded up $0.93 during mid-day trading on Tuesday, reaching $60.76. The stock had a trading volume of 1,411,146 shares, compared to its average volume of 1,477,443. The company has a market capitalization of $26.93 billion, a price-to-earnings ratio of 53.77, a PEG ratio of 2.18 and a beta of 1.46. The company has a 50-day moving average price of $56.50 and a two-hundred day moving average price of $51.29. Brookfield Asset Management Ltd. has a one year low of $37.29 and a one year high of $62.61.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 85.03%. On average, equities research analysts anticipate that Brookfield Asset Management Ltd. will post 1.45 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.4375 per share. The ex-dividend date is Friday, February 28th. This represents a $1.75 annualized dividend and a yield of 2.88%. This is a boost from Brookfield Asset Management's previous quarterly dividend of $0.38. Brookfield Asset Management's dividend payout ratio is currently 134.51%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BAM shares. HSBC raised shares of Brookfield Asset Management from a "hold" rating to a "buy" rating in a research note on Friday. 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. Wells Fargo & Company reduced their price objective on shares of Brookfield Asset Management from $55.00 to $54.00 and set an "underweight" rating on the stock in a research report on Thursday, February 13th. 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, StockNews.com downgraded shares of Brookfield Asset Management from a "hold" rating to a "sell" rating in a research report on Thursday, January 9th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $56.71.

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.