West Bancorporation Inc. Trims Stock Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

West Bancorporation Inc. lessened its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 20.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,091 shares of the financial services provider's stock after selling 24,218 shares during the period. Brookfield Asset Management accounts for 2.9% of West Bancorporation Inc.'s investment portfolio, making the stock its 11th biggest position. West Bancorporation Inc.'s holdings in Brookfield Asset Management were worth $4,402,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BAM. The Manufacturers Life Insurance Company raised its holdings in shares of Brookfield Asset Management by 68.5% during 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 acquiring an additional 2,788,611 shares in the last quarter. Mackenzie Financial Corp increased its position 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 valued at $514,867,000 after purchasing an additional 2,205,040 shares during the period. Dimensional Fund Advisors LP bought a new position in Brookfield Asset Management in the 2nd quarter worth $42,160,000. TD Asset Management Inc lifted its position in shares of Brookfield Asset Management by 8.5% in 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 purchasing an additional 1,066,015 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of 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 valued at $74,802,000 after purchasing an additional 591,130 shares in the last quarter. Hedge funds and other institutional investors own 68.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BAM. JPMorgan Chase & Co. lowered their target price on Brookfield Asset Management from $42.00 to $41.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th. CIBC lifted their price objective on Brookfield Asset Management from $47.00 to $49.00 and gave the company an "outperformer" rating in a research note on Friday, July 19th. Scotiabank reduced their price objective on shares of Brookfield Asset Management from $46.00 to $45.50 and set a "sector outperform" rating for the company in a research note on Thursday, August 8th. StockNews.com cut shares of Brookfield Asset Management from a "hold" rating to a "sell" rating in a report on Wednesday, August 7th. Finally, Bank of America increased their price target 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $46.41.

Brookfield Asset Management Trading Down 0.1 %

NYSE:BAM traded down $0.05 during trading hours on Friday, reaching $52.46. The company had a trading volume of 867,153 shares, compared to its average volume of 1,265,894. The firm's 50 day moving average price is $45.63 and its 200-day moving average price is $41.71. The firm has a market cap of $23.28 billion, a price-to-earnings ratio of 48.57, a PEG ratio of 2.26 and a beta of 1.56. Brookfield Asset Management Ltd. has a 52 week low of $28.35 and a 52 week high of $53.02.

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 firm 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 posted $0.28 EPS. On average, analysts forecast that Brookfield Asset Management Ltd. will post 1.43 earnings per share for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Asset Management's dividend payout ratio (DPR) is presently 140.74%.

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.