Brookfield Asset Management Ltd. (NYSE:BAM) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 58.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 589,572 shares of the financial services provider's stock after buying an additional 216,591 shares during the quarter. Natixis Advisors LLC owned approximately 0.13% of Brookfield Asset Management worth $27,881,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BAM. The Manufacturers Life Insurance Company grew its holdings in shares of Brookfield Asset Management by 68.5% in the second quarter. The Manufacturers Life Insurance Company now owns 6,859,094 shares of the financial services provider's stock valued at $260,770,000 after purchasing an additional 2,788,611 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Brookfield Asset Management by 19.5% during the 2nd quarter. Mackenzie Financial Corp now owns 13,523,306 shares of the financial services provider's stock worth $514,867,000 after buying an additional 2,205,040 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Brookfield Asset Management during the 2nd quarter worth approximately $42,160,000. TD Asset Management Inc lifted its holdings in Brookfield Asset Management by 8.5% during the 2nd quarter. TD Asset Management Inc now owns 13,552,736 shares of the financial services provider's stock worth $515,823,000 after buying an additional 1,066,015 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Brookfield Asset Management by 49.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,779,015 shares of the financial services provider's stock worth $74,802,000 after buying an additional 591,130 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on BAM. Jefferies Financial Group began coverage on Brookfield Asset Management in a research report on Friday, August 2nd. They set a "hold" rating and a $43.00 price objective for the company. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Brookfield Asset Management from $56.00 to $59.00 and gave the company a "buy" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. dropped their price objective on Brookfield Asset Management from $42.00 to $41.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. BMO Capital Markets boosted their target price on Brookfield Asset Management from $40.00 to $50.00 and gave the company a "market perform" rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company raised their price target on Brookfield Asset Management from $48.00 to $51.00 and gave the stock an "underweight" rating in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brookfield Asset Management currently has an average rating of "Hold" and an average target price of $53.46.

Brookfield Asset Management Stock Down 0.1 %

NYSE BAM traded down $0.03 during trading hours on Tuesday, hitting $55.44. 498,437 shares of the stock were exchanged, compared to its average volume of 1,262,055. The company has a market cap of $24.56 billion, a price-to-earnings ratio of 49.18, a price-to-earnings-growth ratio of 2.33 and a beta of 1.42. Brookfield Asset Management Ltd. has a 12-month low of $33.06 and a 12-month high of $58.53. The stock has a 50-day moving average of $50.24 and a 200 day moving average of $43.55.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last released its earnings results on Monday, November 4th. The financial services provider reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.02. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.19 billion. Brookfield Asset Management had a return on equity of 85.03% and a net margin of 49.69%. During the same quarter last year, the company earned $0.35 earnings per share. On average, equities research analysts expect that Brookfield Asset Management Ltd. will post 1.45 earnings per share for the current year.

Brookfield Asset Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, November 29th. Brookfield Asset Management's payout ratio is currently 134.51%.

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.