Brookfield Asset Management Ltd. (NYSE:BAM) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 9.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 324,806 shares of the financial services provider's stock after selling 32,803 shares during the quarter. Motley Fool Wealth Management LLC owned about 0.07% of Brookfield Asset Management worth $15,360,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Hara Capital LLC acquired a new position in shares of Brookfield Asset Management during the 3rd quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Brookfield Asset Management during the 3rd quarter worth $27,000. Continuum Advisory LLC grew its stake in shares of Brookfield Asset Management by 57.6% during the 2nd quarter. Continuum Advisory LLC now owns 780 shares of the financial services provider's stock worth $30,000 after purchasing an additional 285 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of Brookfield Asset Management by 98.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 777 shares of the financial services provider's stock worth $30,000 after purchasing an additional 385 shares during the period. Finally, Richardson Financial Services Inc. grew its stake in shares of Brookfield Asset Management by 368.3% during the 2nd quarter. Richardson Financial Services Inc. now owns 960 shares of the financial services provider's stock worth $37,000 after purchasing an additional 755 shares during the period. 68.41% of the stock is owned by institutional investors and hedge funds.

Brookfield Asset Management Price Performance

NYSE BAM traded up $0.05 during mid-day trading on Wednesday, hitting $57.34. The company's stock had a trading volume of 291,523 shares, compared to its average volume of 1,249,491. Brookfield Asset Management Ltd. has a 52-week low of $34.94 and a 52-week high of $58.53. The stock's fifty day simple moving average is $52.64 and its two-hundred day simple moving average is $44.84. The firm has a market capitalization of $24.06 billion, a P/E ratio of 50.56, a price-to-earnings-growth ratio of 2.35 and a beta of 1.41.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings results on Monday, November 4th. The financial services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 85.03%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm posted $0.35 earnings per share. On average, equities analysts forecast that Brookfield Asset Management Ltd. will post 1.47 earnings per share for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.65%. The ex-dividend date is Friday, November 29th. Brookfield Asset Management's dividend payout ratio (DPR) is 134.51%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BAM. The Goldman Sachs Group increased their price objective on shares of Brookfield Asset Management from $57.00 to $63.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Scotiabank increased their price objective on shares of Brookfield Asset Management from $55.50 to $59.50 and gave the company a "sector outperform" rating in a research note on Tuesday, November 5th. BMO Capital Markets increased their price objective on shares of Brookfield Asset Management from $40.00 to $50.00 and gave the company a "market perform" rating in a research note on Tuesday, November 5th. Bank of America increased their price objective on shares of Brookfield Asset Management from $41.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Brookfield Asset Management from $42.00 to $41.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Brookfield Asset Management currently has a consensus rating of "Hold" and a consensus target price of $53.46.

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.