Brookfield Asset Management Ltd. (NYSE:BAM) Shares Purchased by Sprott Inc.

Sprott Inc. raised its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 21.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,886 shares of the financial services provider's stock after buying an additional 4,501 shares during the quarter. Sprott Inc.'s holdings in Brookfield Asset Management were worth $1,403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BAM. Hara Capital LLC purchased a new position in Brookfield Asset Management during the third quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new position in Brookfield Asset Management during the third quarter worth about $27,000. Versant Capital Management Inc grew its position in 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 grew its position in Brookfield Asset Management by 42.2% during the third quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider's stock worth $52,000 after buying an additional 329 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Brookfield Asset Management by 35.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider's stock worth $66,000 after buying an additional 319 shares in the last quarter. 68.41% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Asset Management Price Performance

BAM traded up $0.11 during midday trading on Friday, reaching $56.32. 2,201,805 shares of the company's stock traded hands, compared to its average volume of 1,495,123. The firm has a fifty day moving average of $56.79 and a two-hundred day moving average of $52.30. The stock has a market capitalization of $24.96 billion, a price-to-earnings ratio of 42.67, a P/E/G ratio of 1.92 and a beta of 1.46. Brookfield Asset Management Ltd. has a 52 week low of $37.29 and a 52 week high of $62.61.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its earnings results on Wednesday, February 12th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. Brookfield Asset Management had a return on equity of 81.16% and a net margin of 54.47%. Sell-side analysts forecast that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.4375 dividend. This is a boost from Brookfield Asset Management's previous quarterly dividend of $0.38. This represents a $1.75 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Asset Management's dividend payout ratio (DPR) is currently 132.58%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company cut their price objective on Brookfield Asset Management from $55.00 to $54.00 and set an "underweight" rating for the company in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft upped their price objective on Brookfield Asset Management from $56.00 to $59.00 and gave the stock a "buy" rating in a report on Monday, November 11th. UBS Group assumed coverage on Brookfield Asset Management in a report on Monday, December 16th. They issued a "buy" rating for the company. HSBC upgraded Brookfield Asset Management from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Finally, BMO Capital Markets upped their price objective on Brookfield Asset Management from $50.00 to $53.00 and gave the stock a "market perform" rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $56.71.

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.