Horizon Kinetics Asset Management LLC Has $11.38 Million Stock Position in Brookfield Asset Management Ltd. (NYSE:BAM)

Horizon Kinetics Asset Management LLC lessened its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 11.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,580 shares of the financial services provider's stock after selling 29,712 shares during the period. Horizon Kinetics Asset Management LLC owned approximately 0.05% of Brookfield Asset Management worth $11,377,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Hara Capital LLC acquired a new position in shares of Brookfield Asset Management during the 3rd quarter worth approximately $27,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Brookfield Asset Management by 98.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 777 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 385 shares during the period. Continuum Advisory LLC grew its holdings in shares of Brookfield Asset Management by 57.6% during the 2nd quarter. Continuum Advisory LLC now owns 780 shares of the financial services provider's stock worth $30,000 after purchasing an additional 285 shares in the last quarter. Richardson Financial Services Inc. raised its stake in Brookfield Asset Management by 368.3% in the second quarter. Richardson Financial Services Inc. now owns 960 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 755 shares in the last quarter. Finally, WASHINGTON TRUST Co lifted its position in Brookfield Asset Management by 151.3% during the second quarter. WASHINGTON TRUST Co now owns 1,063 shares of the financial services provider's stock worth $40,000 after purchasing an additional 640 shares during the period. Institutional investors own 68.41% of the company's stock.

Brookfield Asset Management Stock Performance

Shares of BAM traded up $0.64 during mid-day trading on Monday, reaching $56.11. 990,581 shares of the company were exchanged, compared to its average volume of 1,258,261. The business has a 50 day simple moving average of $51.14 and a two-hundred day simple moving average of $44.00. The stock has a market capitalization of $24.85 billion, a PE ratio of 49.09, a PEG ratio of 2.28 and a beta of 1.42. Brookfield Asset Management Ltd. has a 52 week low of $33.45 and a 52 week high of $58.53.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last released its earnings results on Monday, November 4th. The financial services provider reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.02. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.19 billion. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 85.03%. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, analysts predict that Brookfield Asset Management Ltd. will post 1.47 EPS for the current year.

Brookfield Asset Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 2.71%. Brookfield Asset Management's payout ratio is 134.51%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BAM. Bank of America boosted their target price on shares of Brookfield Asset Management from $41.00 to $45.00 and gave the company a "neutral" rating in a research report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft raised their target price on Brookfield Asset Management from $56.00 to $59.00 and gave the company a "buy" rating in a report on Monday, November 11th. Keefe, Bruyette & Woods upped their price objective on Brookfield Asset Management from $44.00 to $49.00 and gave the stock an "underperform" rating in a research report on Tuesday, November 5th. TD Securities boosted their target price on Brookfield Asset Management from $61.00 to $64.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company raised their price target on shares of Brookfield Asset Management from $48.00 to $51.00 and gave the company an "underweight" rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Brookfield Asset Management presently has a consensus rating of "Hold" and an average price target of $53.46.

About Brookfield Asset Management

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.