Segall Bryant & Hamill LLC Takes $19.08 Million Position in Brookfield Asset Management Ltd. (NYSE:BAM)

Segall Bryant & Hamill LLC bought a new stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 403,371 shares of the financial services provider's stock, valued at approximately $19,075,000. Segall Bryant & Hamill LLC owned approximately 0.09% of Brookfield Asset Management at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC grew its stake in Brookfield Asset Management by 2,857.1% during the 3rd quarter. Avior Wealth Management LLC now owns 10,350 shares of the financial services provider's stock valued at $489,000 after purchasing an additional 10,000 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Brookfield Asset Management by 1.7% during the third quarter. PNC Financial Services Group Inc. now owns 60,805 shares of the financial services provider's stock worth $2,875,000 after buying an additional 1,007 shares in the last quarter. LGT Capital Partners LTD. increased its stake in shares of Brookfield Asset Management by 11.5% in the third quarter. LGT Capital Partners LTD. now owns 534,000 shares of the financial services provider's stock worth $25,273,000 after buying an additional 55,000 shares during the last quarter. Pathstone Holdings LLC raised its holdings in Brookfield Asset Management by 1.0% in the third quarter. Pathstone Holdings LLC now owns 29,166 shares of the financial services provider's stock valued at $1,379,000 after acquiring an additional 278 shares in the last quarter. Finally, Sather Financial Group Inc grew its holdings in Brookfield Asset Management by 1.5% during the 3rd quarter. Sather Financial Group Inc now owns 497,082 shares of the financial services provider's stock worth $23,507,000 after acquiring an additional 7,250 shares in the last quarter. 68.41% of the stock is owned by hedge funds and other institutional investors.

Brookfield Asset Management Price Performance

BAM stock opened at $55.00 on Thursday. The company's 50 day simple moving average is $50.71 and its 200-day simple moving average is $43.74. Brookfield Asset Management Ltd. has a 52-week low of $33.06 and a 52-week high of $58.53. The firm has a market capitalization of $24.36 billion, a P/E ratio of 48.67, a P/E/G ratio of 2.29 and a beta of 1.42.

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

Brookfield Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued 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 dividend yield of 2.76%. Brookfield Asset Management's dividend payout ratio is 134.51%.

Analyst Ratings Changes

BAM has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Brookfield Asset Management from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft boosted their price target on Brookfield Asset Management from $56.00 to $59.00 and gave the company a "buy" rating in a report on Monday, November 11th. Royal Bank of Canada boosted their target price on shares of Brookfield Asset Management from $55.00 to $68.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. TD Securities raised their price target on shares of Brookfield Asset Management from $61.00 to $64.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Finally, StockNews.com downgraded shares of Brookfield Asset Management from a "hold" rating to a "sell" rating in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $53.46.

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.