Sei Investments Co. Sells 49,472 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

Sei Investments Co. lowered its stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 43.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,189 shares of the financial services provider's stock after selling 49,472 shares during the quarter. Sei Investments Co.'s holdings in Brookfield Asset Management were worth $3,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of BAM. Truvestments Capital LLC lifted its holdings in shares of Brookfield Asset Management by 487.2% in the fourth quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 419 shares in the last quarter. Versant Capital Management Inc lifted its stake in Brookfield Asset Management by 1,606.3% in the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock worth $44,000 after acquiring an additional 771 shares in the last quarter. Continuum Advisory LLC lifted its stake in 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 worth $52,000 after acquiring an additional 329 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in 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 worth $66,000 after acquiring an additional 319 shares during the period. Finally, Global Retirement Partners LLC grew its stake in Brookfield Asset Management by 170.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,406 shares of the financial services provider's stock valued at $76,000 after acquiring an additional 887 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company's stock.

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Brookfield Asset Management Price Performance

BAM traded down $0.68 on Tuesday, hitting $42.86. The company had a trading volume of 4,710,287 shares, compared to its average volume of 1,413,402. The stock has a market cap of $70.18 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 1.92 and a beta of 1.63. The company's fifty day moving average price is $52.84 and its 200 day moving average price is $53.62. 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 issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates 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 forecast that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a $0.4375 dividend. 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 4.08%. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Asset Management's dividend payout ratio (DPR) is currently 132.58%.

Analysts Set New Price Targets

Several research firms recently commented on BAM. HSBC upgraded shares of Brookfield Asset Management from a "hold" rating to a "buy" rating in a report on Friday, February 14th. UBS Group initiated coverage on shares of Brookfield Asset Management in a research note on Monday, December 16th. They set a "buy" rating for the company. Hsbc Global Res upgraded shares of Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Wells Fargo & Company dropped their price target on shares of Brookfield Asset Management from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Tuesday. Finally, Jefferies Financial Group reduced their price objective on Brookfield Asset Management from $52.00 to $46.00 and set a "hold" rating for the company in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $57.75.

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.