JPMorgan Chase & Co. Has $84 Million Stake in Brookfield Asset Management Ltd. (NYSE:BAM)

JPMorgan Chase & Co. lifted its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 2.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,550,083 shares of the financial services provider's stock after buying an additional 30,892 shares during the period. JPMorgan Chase & Co. owned approximately 0.35% of Brookfield Asset Management worth $83,999,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Tandem Capital Management Corp ADV increased its holdings in shares of Brookfield Asset Management by 0.4% in the fourth quarter. Tandem Capital Management Corp ADV now owns 39,111 shares of the financial services provider's stock valued at $2,119,000 after buying an additional 175 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Brookfield Asset Management by 0.4% in 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 during the last quarter. Gold Investment Management Ltd. raised 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 during the period. Procyon Advisors LLC lifted its holdings in shares of Brookfield Asset Management by 2.7% during the fourth 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 last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Brookfield Asset Management by 35.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider's stock valued at $66,000 after purchasing an additional 319 shares during the period. Institutional investors and hedge funds own 68.41% of the company's stock.

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Brookfield Asset Management Price Performance

NYSE:BAM traded down $0.68 during mid-day trading on Tuesday, reaching $42.86. The stock had a trading volume of 4,710,287 shares, compared to its average volume of 1,413,402. The stock has a market cap of $70.18 billion, a P/E ratio of 32.47, a PEG ratio of 1.92 and a beta of 1.63. The business's 50 day moving average is $52.84 and its 200 day moving average is $53.62. Brookfield Asset Management Ltd. has a fifty-two week low of $37.29 and a fifty-two week high of $62.61.

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

Brookfield Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. Brookfield Asset Management's dividend payout ratio is 132.58%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BAM. Keefe, Bruyette & Woods reduced their price objective on shares of Brookfield Asset Management from $57.00 to $56.00 and set an "underperform" rating for the company in a research note on Monday, January 13th. Hsbc Global Res upgraded shares of Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Scotiabank lowered their price objective on shares of Brookfield Asset Management from $62.50 to $58.00 and set a "sector outperform" rating on the stock in a research report on Monday. Bank of America reduced their target price on Brookfield Asset Management from $69.00 to $65.00 and set a "neutral" rating for the company in a report on Friday. Finally, BMO Capital Markets raised their target price on Brookfield Asset Management from $50.00 to $53.00 and gave the stock a "market perform" rating in a research report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Brookfield Asset Management presently has an average rating of "Hold" and an average target price of $57.75.

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.