Hillsdale Investment Management Inc. Has $7.21 Million Position in Brookfield Asset Management Ltd. (NYSE:BAM)

Hillsdale Investment Management Inc. grew its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 14,688.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,100 shares of the financial services provider's stock after buying an additional 132,200 shares during the period. Hillsdale Investment Management Inc.'s holdings in Brookfield Asset Management were worth $7,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BAM. Geode Capital Management LLC boosted its position in Brookfield Asset Management by 11.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,611,859 shares of the financial services provider's stock worth $77,293,000 after acquiring an additional 168,170 shares during the period. Laffer Tengler Investments Inc. lifted its holdings in Brookfield Asset Management by 24.2% in the fourth quarter. Laffer Tengler Investments Inc. now owns 147,773 shares of the financial services provider's stock worth $8,008,000 after purchasing an additional 28,768 shares during the period. Avior Wealth Management LLC grew its position in Brookfield Asset Management by 2,857.1% in the 3rd quarter. Avior Wealth Management LLC now owns 10,350 shares of the financial services provider's stock valued at $489,000 after buying an additional 10,000 shares in the last quarter. Plato Investment Management Ltd increased its stake in Brookfield Asset Management by 173.7% during the 4th quarter. Plato Investment Management Ltd now owns 10,369 shares of the financial services provider's stock valued at $564,000 after buying an additional 6,580 shares during the period. Finally, Tacita Capital Inc raised its position in shares of Brookfield Asset Management by 19.3% during the 4th quarter. Tacita Capital Inc now owns 47,767 shares of the financial services provider's stock worth $2,585,000 after buying an additional 7,743 shares in the last quarter. 68.41% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. TD Securities boosted their target price on Brookfield Asset Management from $64.00 to $66.00 and gave the stock a "buy" rating in a report on Monday, February 10th. BMO Capital Markets upped their price objective on Brookfield Asset Management from $50.00 to $53.00 and gave the company a "market perform" rating in a report on Thursday, February 13th. UBS Group started coverage on Brookfield Asset Management in a research note on Monday, December 16th. They set a "buy" rating for the company. HSBC raised shares of Brookfield Asset Management from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Finally, Scotiabank dropped their target price on shares of Brookfield Asset Management from $63.00 to $62.50 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Brookfield Asset Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.38.

Brookfield Asset Management Price Performance

Shares of BAM traded down $1.15 on Wednesday, reaching $50.60. 1,137,651 shares of the stock traded hands, compared to its average volume of 1,308,305. The firm has a market cap of $22.42 billion, a price-to-earnings ratio of 38.33, a P/E/G ratio of 1.92 and a beta of 1.50. Brookfield Asset Management Ltd. has a 12 month low of $37.29 and a 12 month high of $62.61. The stock's 50-day moving average price is $55.08 and its 200-day moving average price is $53.49.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its earnings results on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share (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%. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Brookfield Asset Management's previous quarterly dividend of $0.38. Brookfield Asset Management's payout ratio is 132.58%.

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.