Natixis Advisors LLC Increases Stock Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Natixis Advisors LLC increased its stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 649,224 shares of the financial services provider's stock after acquiring an additional 59,652 shares during the quarter. Natixis Advisors LLC owned 0.15% of Brookfield Asset Management worth $35,181,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Tandem Capital Management Corp ADV increased its stake in shares of Brookfield Asset Management by 0.4% in the 4th quarter. Tandem Capital Management Corp ADV now owns 39,111 shares of the financial services provider's stock valued at $2,119,000 after acquiring an additional 175 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Brookfield Asset Management by 0.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 46,513 shares of the financial services provider's stock valued at $2,201,000 after purchasing an additional 188 shares in the last quarter. Procyon Advisors LLC increased its stake in Brookfield Asset Management by 2.7% during the 4th quarter. Procyon Advisors LLC now owns 9,312 shares of the financial services provider's stock valued at $505,000 after purchasing an additional 249 shares in the last quarter. Pathstone Holdings LLC increased its stake in Brookfield Asset Management by 1.0% during the 3rd quarter. Pathstone Holdings LLC now owns 29,166 shares of the financial services provider's stock valued at $1,379,000 after purchasing an additional 278 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Brookfield Asset Management by 35.1% during 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 purchasing an additional 319 shares in the last quarter. Institutional investors own 68.41% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

BAM has been the topic of a number of analyst reports. TD Securities lifted their price objective on shares of Brookfield Asset Management from $64.00 to $66.00 and gave the stock a "buy" rating in a report on Monday, February 10th. BMO Capital Markets lifted their price objective on shares of Brookfield Asset Management from $50.00 to $53.00 and gave the stock a "market perform" rating in a report on Thursday, February 13th. Wells Fargo & Company cut their price objective on shares of Brookfield Asset Management from $54.00 to $50.00 and set an "underweight" rating on the stock in a report on Thursday. UBS Group initiated coverage on shares of Brookfield Asset Management in a report on Monday, December 16th. They set a "buy" rating on the stock. Finally, CIBC lifted their price objective on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $56.38.

Brookfield Asset Management Stock Down 0.7 %

Shares of BAM stock traded down $0.35 during trading on Thursday, hitting $49.35. The company had a trading volume of 1,666,938 shares, compared to its average volume of 1,303,245. The stock's 50-day moving average is $55.36 and its two-hundred day moving average is $53.15. The stock has a market capitalization of $21.87 billion, a price-to-earnings ratio of 37.38, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. 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 results on Wednesday, February 12th. The financial services provider reported $0.40 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%. On average, research analysts predict that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Friday, February 28th. This is a positive change from Brookfield Asset Management's previous quarterly dividend of $0.38. Brookfield Asset Management's dividend payout ratio is 132.58%.

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.