Brookfield Asset Management Ltd. (NYSE:BAM) Stock Holdings Lessened by Forsta AP Fonden

Forsta AP Fonden lessened its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 8.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,400 shares of the financial services provider's stock after selling 18,500 shares during the period. Forsta AP Fonden's holdings in Brookfield Asset Management were worth $8,122,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. YHB Investment Advisors Inc. acquired a new position in Brookfield Asset Management during the first quarter worth approximately $26,000. Massmutual Trust Co. FSB ADV increased its position in Brookfield Asset Management by 98.2% during the second 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 last quarter. Continuum Advisory LLC increased its position in Brookfield Asset Management by 57.6% during the second 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 last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Brookfield Asset Management by 574.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 890 shares of the financial services provider's stock worth $37,000 after purchasing an additional 758 shares during the last quarter. Finally, WASHINGTON TRUST Co increased its position in Brookfield Asset Management by 151.3% during the second quarter. WASHINGTON TRUST Co now owns 1,063 shares of the financial services provider's stock worth $40,000 after purchasing an additional 640 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company's stock.

Brookfield Asset Management Stock Performance

Shares of BAM stock traded up $0.15 on Friday, hitting $44.85. The stock had a trading volume of 1,606,517 shares, compared to its average volume of 1,320,094. Brookfield Asset Management Ltd. has a 52-week low of $28.35 and a 52-week high of $45.24. The firm has a market capitalization of $19.91 billion, a price-to-earnings ratio of 41.53, a P/E/G ratio of 2.26 and a beta of 1.56. The stock's 50 day moving average is $41.11 and its 200-day moving average is $40.28.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings data on Friday, August 9th. The financial services provider reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). Brookfield Asset Management had a net margin of 51.29% and a return on equity of 92.37%. The company had revenue of $916.00 million for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company earned $0.28 earnings per share. Equities analysts expect that Brookfield Asset Management Ltd. will post 1.42 earnings per share for the current year.

Brookfield Asset Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 3.39%. Brookfield Asset Management's dividend payout ratio (DPR) is 140.74%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Brookfield Asset Management in a research report on Thursday. They set an "underweight" rating and a $42.00 price target for the company. CIBC boosted their price objective on shares of Brookfield Asset Management from $47.00 to $49.00 and gave the stock an "outperformer" rating in a research note on Friday, July 19th. BMO Capital Markets boosted their price objective on shares of Brookfield Asset Management from $37.00 to $40.00 and gave the stock a "market perform" rating in a research note on Wednesday. Bank of America boosted their price objective on shares of Brookfield Asset Management from $41.00 to $45.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, StockNews.com downgraded shares of Brookfield Asset Management from a "hold" rating to a "sell" rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Brookfield Asset Management has a consensus rating of "Hold" and an average target price of $43.81.

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.