Brookfield Asset Management Ltd. (NYSE:BAM) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. lessened its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 21.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,383 shares of the financial services provider's stock after selling 12,200 shares during the quarter. APG Asset Management N.V.'s holdings in Brookfield Asset Management were worth $1,576,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BAM. YHB Investment Advisors Inc. purchased a new position in shares of Brookfield Asset Management during the 1st quarter worth $26,000. Massmutual Trust Co. FSB ADV raised its holdings 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 acquiring an additional 385 shares during the period. Continuum Advisory LLC raised its holdings 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 acquiring an additional 285 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Brookfield Asset Management by 574.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 890 shares of the financial services provider's stock worth $37,000 after acquiring an additional 758 shares during the period. Finally, Richardson Financial Services Inc. raised its holdings 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 acquiring an additional 755 shares during the period. Institutional investors and hedge funds own 68.41% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on BAM shares. StockNews.com lowered Brookfield Asset Management from a "hold" rating to a "sell" rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Brookfield Asset Management from $43.00 to $44.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Bank of America boosted their price objective on shares of Brookfield Asset Management from $41.00 to $45.00 and gave the company a "neutral" rating in a report on Thursday, September 12th. Scotiabank reduced their price objective on shares of Brookfield Asset Management from $46.00 to $45.50 and set a "sector outperform" rating on the stock in a report on Thursday, August 8th. Finally, Jefferies Financial Group began coverage on shares of Brookfield Asset Management in a report on Friday, August 2nd. They issued a "hold" rating and a $43.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $44.19.

Brookfield Asset Management Stock Up 0.6 %

NYSE:BAM traded up $0.28 on Tuesday, reaching $47.57. 1,209,872 shares of the company's stock were exchanged, compared to its average volume of 1,296,475. The firm has a market capitalization of $21.11 billion, a price-to-earnings ratio of 44.05, a price-to-earnings-growth ratio of 2.36 and a beta of 1.56. The business has a fifty day moving average of $42.46 and a 200-day moving average of $40.66. Brookfield Asset Management Ltd. has a 52-week low of $28.35 and a 52-week high of $48.03.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its quarterly earnings results on Friday, August 9th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). Brookfield Asset Management had a return on equity of 92.37% and a net margin of 51.29%. The business had revenue of $916.00 million for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter last year, the company earned $0.28 earnings per share. As a group, equities analysts anticipate 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 was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Asset Management's dividend payout ratio is presently 140.74%.

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.