Marshall Wace LLP Takes $43.32 Million Position in Brookfield Asset Management Ltd. (NYSE:BAM)

Marshall Wace LLP acquired a new position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 799,435 shares of the financial services provider's stock, valued at approximately $43,321,000. Marshall Wace LLP owned approximately 0.18% of Brookfield Asset Management as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BAM. Geode Capital Management LLC raised its position in shares of Brookfield Asset Management by 11.6% in 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 in the last quarter. Bank of Montreal Can raised its holdings in Brookfield Asset Management by 3.7% in the fourth quarter. Bank of Montreal Can now owns 9,575,446 shares of the financial services provider's stock worth $518,655,000 after purchasing an additional 339,072 shares in the last quarter. TD Asset Management Inc. raised 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 worth $903,323,000 after purchasing an additional 1,359,126 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Brookfield Asset Management by 30.5% during the fourth quarter. American Century Companies Inc. now owns 74,389 shares of the financial services provider's stock valued at $4,033,000 after buying an additional 17,369 shares during the last quarter. Finally, Laffer Tengler Investments Inc. boosted its holdings in shares of Brookfield Asset Management by 24.2% in the 4th quarter. Laffer Tengler Investments Inc. now owns 147,773 shares of the financial services provider's stock valued at $8,008,000 after buying an additional 28,768 shares in the last quarter. Institutional investors own 68.41% of the company's stock.

Brookfield Asset Management Trading Up 1.2 %

Shares of NYSE BAM opened at $48.56 on Friday. The company has a 50 day simple moving average of $51.14 and a two-hundred day simple moving average of $53.57. The stock has a market cap of $79.51 billion, a price-to-earnings ratio of 36.79, a PEG ratio of 1.92 and a beta of 1.63. Brookfield Asset Management Ltd. has a 12 month low of $37.29 and a 12 month high of $62.61.

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%. Analysts forecast that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a $0.4375 dividend. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.60%. Brookfield Asset Management's dividend payout ratio is presently 132.58%.

Wall Street Analysts Forecast Growth

BAM has been the subject of a number of analyst reports. CIBC increased their target price 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. TD Securities increased 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. Scotiabank dropped their target price on Brookfield Asset Management from $62.50 to $58.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 7th. BMO Capital Markets increased their price target on 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. Finally, Wells Fargo & Company dropped their price target on Brookfield Asset Management from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Brookfield Asset Management currently has a consensus rating of "Moderate Buy" and an average target price of $57.15.

Brookfield Asset Management 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.

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