O Shaughnessy Asset Management LLC Has $9.27 Million Position in Brookfield Asset Management Ltd. (NYSE:BAM)

O Shaughnessy Asset Management LLC grew its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 64.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,206 shares of the financial services provider's stock after acquiring an additional 67,073 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Brookfield Asset Management were worth $9,274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC increased its position in Brookfield Asset Management by 487.2% during the 4th quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider's stock worth $27,000 after purchasing an additional 419 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in shares of Brookfield Asset Management during the fourth quarter worth $32,000. Versant Capital Management Inc increased its holdings in shares of Brookfield Asset Management by 1,606.3% during the fourth quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock worth $44,000 after buying an additional 771 shares in the last quarter. Continuum Advisory LLC lifted its stake in shares of Brookfield Asset Management by 42.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 329 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 acquiring an additional 319 shares in the last quarter. Institutional investors own 68.41% of the company's stock.

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Brookfield Asset Management Trading Down 6.0 %

NYSE BAM traded down $2.85 during trading hours on Friday, hitting $44.21. 2,754,013 shares of the company's stock were exchanged, compared to its average volume of 1,385,374. The firm has a market cap of $72.39 billion, a price-to-earnings ratio of 33.49, a PEG ratio of 1.92 and a beta of 1.62. The stock has a 50-day simple moving average of $53.89 and a 200 day simple moving average of $53.70. Brookfield Asset Management Ltd. has a 1-year low of $37.29 and a 1-year high of $62.61.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a $0.4375 dividend. The ex-dividend date was Friday, February 28th. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. This represents a $1.75 annualized dividend and a dividend yield of 3.96%. Brookfield Asset Management's dividend payout ratio (DPR) is currently 132.58%.

Analyst Ratings Changes

Several research firms have commented on BAM. TD Securities increased their target price on Brookfield Asset Management from $64.00 to $66.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Scotiabank dropped their price objective on shares of Brookfield Asset Management from $63.00 to $62.50 and set an "outperform" rating for the company in a report on Thursday, February 13th. HSBC raised shares of Brookfield Asset Management from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Bank of America dropped their price target on shares of Brookfield Asset Management from $69.00 to $65.00 and set a "neutral" rating for the company in a research note on Friday. Finally, StockNews.com raised shares of Brookfield Asset Management from a "sell" rating to a "hold" rating in a research note on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Brookfield Asset Management presently has an average rating of "Moderate Buy" and a consensus target price of $58.04.

About Brookfield Asset Management

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.