Korea Investment CORP Has $12.41 Million Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Korea Investment CORP lifted its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 77.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,895 shares of the financial services provider's stock after buying an additional 100,233 shares during the period. Korea Investment CORP owned about 0.05% of Brookfield Asset Management worth $12,408,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Truvestments Capital LLC raised its position in shares of Brookfield Asset Management by 487.2% during the fourth quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider's stock worth $27,000 after purchasing an additional 419 shares during the period. Mountain Hill Investment Partners Corp. acquired a new position in shares of Brookfield Asset Management during the fourth quarter worth about $32,000. Versant Capital Management Inc grew its holdings in shares of Brookfield Asset Management by 1,606.3% during the fourth quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock worth $44,000 after buying an additional 771 shares in the last quarter. Continuum Advisory LLC lifted its stake in Brookfield Asset Management by 42.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 329 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in 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 acquiring an additional 319 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company's stock.

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Wall Street Analyst Weigh In

BAM has been the topic of a number of recent research reports. 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 report on Monday, January 13th. BMO Capital Markets lifted their price target on shares of Brookfield Asset Management from $50.00 to $53.00 and gave the company a "market perform" rating in a research note on Thursday, February 13th. StockNews.com upgraded shares of Brookfield Asset Management from a "sell" rating to a "hold" rating in a research note on Thursday, March 20th. Bank of America decreased their price objective on Brookfield Asset Management from $69.00 to $65.00 and set a "neutral" rating for the company in a report on Friday. Finally, Scotiabank reduced their price target on Brookfield Asset Management from $63.00 to $62.50 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Brookfield Asset Management has an average rating of "Moderate Buy" and an average price target of $58.04.

Brookfield Asset Management Stock Performance

BAM traded down $2.85 during trading hours on Friday, reaching $44.21. The company's stock had a trading volume of 2,754,013 shares, compared to its average volume of 1,386,911. The firm has a market cap of $72.39 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 1.92 and a beta of 1.62. The company's 50-day moving average is $53.89 and its 200-day moving average is $53.64. Brookfield Asset Management Ltd. has a 52 week low of $37.29 and a 52 week high of $62.61.

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 the consensus estimate 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 anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $0.4375 per share. This is a boost from Brookfield Asset Management's previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 28th. This represents a $1.75 annualized dividend and a yield of 3.96%. Brookfield Asset Management's dividend payout ratio (DPR) is presently 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.