Brookfield Asset Management Ltd. (NYSE:BAM) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lessened its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,198 shares of the financial services provider's stock after selling 18,808 shares during the quarter. Rockefeller Capital Management L.P. owned 0.05% of Brookfield Asset Management worth $11,217,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Hara Capital LLC purchased a new position in shares of Brookfield Asset Management during the 3rd quarter worth approximately $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Brookfield Asset Management in the third quarter valued at $27,000. Continuum Advisory LLC raised its holdings in shares of Brookfield Asset Management by 57.6% in the 2nd quarter. Continuum Advisory LLC now owns 780 shares of the financial services provider's stock valued at $30,000 after buying an additional 285 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in 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 valued at $30,000 after acquiring an additional 385 shares during the period. Finally, Richardson Financial Services Inc. boosted its holdings in 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 valued at $37,000 after acquiring an additional 755 shares during the period. Hedge funds and other institutional investors own 68.41% of the company's stock.

Brookfield Asset Management Stock Performance

Shares of BAM stock traded up $0.25 during mid-day trading on Tuesday, hitting $57.31. 1,430,898 shares of the stock were exchanged, compared to its average volume of 952,439. The stock's fifty day simple moving average is $52.64 and its two-hundred day simple moving average is $44.84. Brookfield Asset Management Ltd. has a 12-month low of $34.94 and a 12-month high of $58.53. The stock has a market capitalization of $24.05 billion, a price-to-earnings ratio of 50.72, a P/E/G ratio of 2.35 and a beta of 1.41.

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

Brookfield Asset Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Asset Management's dividend payout ratio is currently 134.51%.

Analyst Ratings Changes

Several research analysts have recently commented on BAM shares. The Goldman Sachs Group raised their price objective on shares of Brookfield Asset Management from $57.00 to $63.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Scotiabank raised their price target on shares of Brookfield Asset Management from $55.50 to $59.50 and gave the company a "sector outperform" rating in a research report on Tuesday, November 5th. BMO Capital Markets upped their price objective on Brookfield Asset Management from $40.00 to $50.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods lifted their target price on Brookfield Asset Management from $44.00 to $49.00 and gave the company an "underperform" rating in a report on Tuesday, November 5th. Finally, TD Securities upped their price target on Brookfield Asset Management from $61.00 to $64.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $53.46.

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.