Corient Private Wealth LLC Increases Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Corient Private Wealth LLC boosted its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,174,640 shares of the financial services provider's stock after buying an additional 9,806 shares during the quarter. Corient Private Wealth LLC owned approximately 0.27% of Brookfield Asset Management worth $63,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Choate Investment Advisors increased its position in Brookfield Asset Management by 5.1% in the fourth quarter. Choate Investment Advisors now owns 9,580 shares of the financial services provider's stock worth $519,000 after buying an additional 467 shares during the last quarter. Natixis Advisors LLC increased its position in Brookfield Asset Management by 10.1% in the fourth quarter. Natixis Advisors LLC now owns 649,224 shares of the financial services provider's stock worth $35,181,000 after buying an additional 59,652 shares during the last quarter. Clearstead Trust LLC bought a new position in shares of Brookfield Asset Management in the fourth quarter worth $85,000. Catalyst Funds Management Pty Ltd bought a new position in shares of Brookfield Asset Management in the fourth quarter worth $2,682,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Brookfield Asset Management by 6.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 30,869 shares of the financial services provider's stock worth $1,673,000 after acquiring an additional 1,850 shares during the period. 68.41% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities analysts have recently commented on the company. BMO Capital Markets raised their price target on Brookfield Asset Management from $50.00 to $53.00 and gave the stock a "market perform" rating in a report on Thursday, February 13th. Keefe, Bruyette & Woods cut their price target on Brookfield Asset Management from $57.00 to $56.00 and set an "underperform" rating for the company in a report on Monday, January 13th. Hsbc Global Res raised Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Wells Fargo & Company cut their price target on Brookfield Asset Management from $54.00 to $50.00 and set an "underweight" rating for the company in a report on Thursday. Finally, StockNews.com lowered Brookfield Asset Management from a "hold" rating to a "sell" rating in a report on Thursday, January 9th. Three equities research analysts have rated the stock with a sell rating, four have issued 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, Brookfield Asset Management currently has an average rating of "Hold" and an average target price of $56.38.

Brookfield Asset Management Price Performance

BAM stock traded down $0.35 during mid-day trading on Thursday, hitting $49.35. 1,753,881 shares of the stock were exchanged, compared to its average volume of 1,303,245. The stock has a market capitalization of $21.87 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 1.92 and a beta of 1.50. The business has a fifty day moving average price of $55.36 and a 200 day moving average price of $53.15. Brookfield Asset Management Ltd. has a 12 month low of $37.29 and a 12 month high of $62.61.

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

Brookfield Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 annualized dividend and a dividend yield of 3.55%. 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%.

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.