Hsbc Holdings PLC Acquires 109,589 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

Hsbc Holdings PLC grew its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 18.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 707,892 shares of the financial services provider's stock after buying an additional 109,589 shares during the period. Hsbc Holdings PLC owned 0.16% of Brookfield Asset Management worth $38,381,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Brookfield Asset Management during the 4th quarter valued at about $287,361,000. William Blair Investment Management LLC bought a new stake in shares of Brookfield Asset Management during the 4th quarter valued at $204,169,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Brookfield Asset Management by 103.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,997,157 shares of the financial services provider's stock valued at $216,507,000 after purchasing an additional 2,031,995 shares during the period. Madison Investment Advisors LLC bought a new position in shares of Brookfield Asset Management in the 4th quarter worth $94,122,000. Finally, TD Asset Management Inc. increased its holdings in Brookfield Asset Management by 8.9% in the fourth quarter. TD Asset Management Inc. now owns 16,664,426 shares of the financial services provider's stock valued at $903,323,000 after purchasing an additional 1,359,126 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on BAM shares. CIBC increased their price target on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their price objective on Brookfield Asset Management from $57.00 to $56.00 and set an "underperform" rating on the stock in a research note on Monday, January 13th. TD Securities lifted their price objective on Brookfield Asset Management from $64.00 to $66.00 and gave the company a "buy" rating in a report on Monday, February 10th. Morgan Stanley dropped their target price on shares of Brookfield Asset Management from $62.00 to $50.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $57.15.

Brookfield Asset Management Trading Up 1.1 %

NYSE:BAM traded up $0.60 on Tuesday, hitting $53.86. The company's stock had a trading volume of 1,668,375 shares, compared to its average volume of 1,440,729. The stock has a fifty day moving average of $50.04 and a two-hundred day moving average of $53.80. Brookfield Asset Management Ltd. has a one year low of $37.29 and a one year high of $62.61. The firm has a market capitalization of $88.19 billion, a P/E ratio of 40.81, a price-to-earnings-growth ratio of 1.92 and a beta of 1.63.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its quarterly earnings data 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 return on equity of 81.16% and a net margin of 54.47%. As a group, sell-side analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a dividend of $0.4375 per share. The ex-dividend date was Friday, February 28th. This is a boost from Brookfield Asset Management's previous quarterly dividend of $0.38. This represents a $1.75 annualized dividend and a dividend yield of 3.25%. Brookfield Asset Management's dividend payout ratio (DPR) is currently 132.58%.

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.