Guardian Partners Inc. Invests $17.94 Million in Brookfield Asset Management Ltd. (NYSE:BAM)

Guardian Partners Inc. purchased a new position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 322,191 shares of the financial services provider's stock, valued at approximately $17,940,000. Brookfield Asset Management makes up 1.8% of Guardian Partners Inc.'s investment portfolio, making the stock its 13th biggest position. Guardian Partners Inc. owned approximately 0.07% of Brookfield Asset Management as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BAM. Tandem Capital Management Corp ADV increased its stake in Brookfield Asset Management by 0.4% during the 4th quarter. Tandem Capital Management Corp ADV now owns 39,111 shares of the financial services provider's stock worth $2,119,000 after buying an additional 175 shares during the period. Public Sector Pension Investment Board raised its stake in Brookfield Asset Management by 0.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 46,513 shares of the financial services provider's stock worth $2,201,000 after acquiring an additional 188 shares in the last quarter. Gold Investment Management Ltd. increased its position in shares of Brookfield Asset Management by 0.5% during the fourth quarter. Gold Investment Management Ltd. now owns 41,889 shares of the financial services provider's stock worth $2,271,000 after purchasing an additional 219 shares in the last quarter. Procyon Advisors LLC boosted its position in shares of Brookfield Asset Management by 2.7% in the 4th quarter. Procyon Advisors LLC now owns 9,312 shares of the financial services provider's stock valued at $505,000 after purchasing an additional 249 shares during the period. Finally, Pathstone Holdings LLC boosted its position in shares of Brookfield Asset Management by 1.0% in the 3rd quarter. Pathstone Holdings LLC now owns 29,166 shares of the financial services provider's stock valued at $1,379,000 after purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 68.41% of the company's stock.

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Brookfield Asset Management Stock Performance

BAM traded down $0.16 on Thursday, hitting $50.46. 983,727 shares of the company were exchanged, compared to its average volume of 1,308,987. The business's fifty day moving average is $54.98 and its 200 day moving average is $53.47. Brookfield Asset Management Ltd. has a fifty-two week low of $37.29 and a fifty-two week high of $62.61. The firm has a market capitalization of $22.36 billion, a P/E ratio of 38.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50.

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 earnings per share for the quarter, beating 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%. 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.4375 per share. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.75 annualized dividend and a yield of 3.47%. Brookfield Asset Management's dividend payout ratio (DPR) is presently 132.58%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Brookfield Asset Management from $57.00 to $56.00 and set an "underperform" rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company lowered their price target on Brookfield Asset Management from $54.00 to $50.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. Scotiabank reduced their price objective on Brookfield Asset Management from $63.00 to $62.50 and set an "outperform" rating for the company in a research note on Thursday, February 13th. CIBC lifted their target price on Brookfield Asset Management from $63.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Finally, UBS Group initiated coverage on Brookfield Asset Management in a report on Monday, December 16th. They issued a "buy" rating on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Brookfield Asset Management has a consensus rating of "Moderate Buy" and an average price target of $56.38.

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.