34,521 Shares in Brookfield Asset Management Ltd. (NYSE:BAM) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 34,521 shares of the financial services provider's stock, valued at approximately $1,634,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BAM. Y Intercept Hong Kong Ltd grew its stake in shares of Brookfield Asset Management by 41.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 38,841 shares of the financial services provider's stock worth $1,837,000 after purchasing an additional 11,396 shares during the last quarter. MML Investors Services LLC lifted its holdings in Brookfield Asset Management by 7.3% during the 3rd quarter. MML Investors Services LLC now owns 17,511 shares of the financial services provider's stock worth $828,000 after buying an additional 1,193 shares during the period. K2 Principal Fund L.P. bought a new stake in shares of Brookfield Asset Management in the 3rd quarter valued at about $808,000. XTX Topco Ltd increased its stake in shares of Brookfield Asset Management by 290.5% in the third quarter. XTX Topco Ltd now owns 24,584 shares of the financial services provider's stock valued at $1,163,000 after buying an additional 18,289 shares during the period. Finally, National Bank of Canada FI raised its position in shares of Brookfield Asset Management by 26.3% during the third quarter. National Bank of Canada FI now owns 1,040,365 shares of the financial services provider's stock worth $49,198,000 after acquiring an additional 216,434 shares during the last quarter. 68.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Brookfield Asset Management from $56.00 to $59.00 and gave the company a "buy" rating in a report on Monday, November 11th. The Goldman Sachs Group boosted their price target on Brookfield Asset Management from $57.00 to $63.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. UBS Group initiated coverage on shares of Brookfield Asset Management in a research report on Monday. They set a "buy" rating on the stock. TD Securities lifted their price target on shares of Brookfield Asset Management from $61.00 to $64.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods boosted their price objective on Brookfield Asset Management from $44.00 to $49.00 and gave the stock an "underperform" rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Brookfield Asset Management has an average rating of "Hold" and an average price target of $53.88.

Brookfield Asset Management Price Performance

Shares of Brookfield Asset Management stock traded up $0.42 during trading hours on Thursday, reaching $54.22. The company had a trading volume of 914,747 shares, compared to its average volume of 1,232,442. The firm has a market cap of $22.75 billion, a PE ratio of 47.98, a price-to-earnings-growth ratio of 2.43 and a beta of 1.41. Brookfield Asset Management Ltd. has a one year low of $37.19 and a one year high of $59.58. The business has a fifty day simple moving average of $55.00 and a 200 day simple moving average of $46.23.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its earnings results on Monday, November 4th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 85.03%. The business had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the prior year, the company posted $0.35 EPS. On average, research analysts forecast that Brookfield Asset Management Ltd. will post 1.47 EPS for the current year.

Brookfield Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.80%. Brookfield Asset Management's dividend payout ratio is presently 134.51%.

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.