Motley Fool Asset Management LLC Has $11.41 Million Stock Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Motley Fool Asset Management LLC lessened its holdings in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 18.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 210,500 shares of the financial services provider's stock after selling 48,854 shares during the quarter. Motley Fool Asset Management LLC's holdings in Brookfield Asset Management were worth $11,407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Truvestments Capital LLC boosted its position in shares of Brookfield Asset Management by 487.2% in the 4th 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 last quarter. Mountain Hill Investment Partners Corp. acquired a new position in shares of Brookfield Asset Management during the 4th quarter worth about $32,000. Versant Capital Management Inc increased its stake in shares of Brookfield Asset Management by 1,606.3% in the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 771 shares during the last quarter. Continuum Advisory LLC boosted its stake in Brookfield Asset Management by 42.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider's stock worth $52,000 after acquiring an additional 329 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Brookfield Asset Management by 35.1% during the fourth 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. 68.41% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

BAM has been the subject of several research analyst reports. Scotiabank decreased their price target on shares of Brookfield Asset Management from $62.50 to $58.00 and set a "sector outperform" rating for the company in a report on Monday. Hsbc Global Res upgraded Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. TD Securities increased their target price on Brookfield Asset Management from $64.00 to $66.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. HSBC raised shares of Brookfield Asset Management from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Finally, StockNews.com downgraded shares of Brookfield Asset Management from a "hold" rating to a "sell" rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $57.67.

Brookfield Asset Management Stock Up 2.0 %

Shares of Brookfield Asset Management stock traded up $0.89 on Tuesday, hitting $44.43. The stock had a trading volume of 885,079 shares, compared to its average volume of 1,395,926. The stock has a market cap of $72.74 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 1.92 and a beta of 1.63. The business's 50 day moving average is $53.57 and its two-hundred day moving average is $53.72. Brookfield Asset Management Ltd. has a twelve month low of $37.29 and a twelve month high of $62.61.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate 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, equities analysts predict that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a $0.4375 dividend. 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 yield of 3.94%. Brookfield Asset Management's payout ratio is currently 132.58%.

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.