Brookfield Asset Management Ltd. (NYSE:BAM) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 29.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 303,103 shares of the financial services provider's stock after selling 123,555 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.07% of Brookfield Asset Management worth $14,334,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BAM. TD Asset Management Inc boosted its holdings in shares of Brookfield Asset Management by 8.5% in the second quarter. TD Asset Management Inc now owns 13,552,736 shares of the financial services provider's stock valued at $515,823,000 after acquiring an additional 1,066,015 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Brookfield Asset Management by 19.5% in the second quarter. Mackenzie Financial Corp now owns 13,523,306 shares of the financial services provider's stock valued at $514,867,000 after acquiring an additional 2,205,040 shares during the period. Bank of Montreal Can boosted its holdings in shares of Brookfield Asset Management by 0.5% in the third quarter. Bank of Montreal Can now owns 9,236,374 shares of the financial services provider's stock valued at $435,729,000 after acquiring an additional 43,134 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Brookfield Asset Management by 0.3% in the third quarter. Principal Financial Group Inc. now owns 8,867,458 shares of the financial services provider's stock valued at $419,400,000 after acquiring an additional 24,409 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Brookfield Asset Management by 68.5% in the second quarter. The Manufacturers Life Insurance Company now owns 6,859,094 shares of the financial services provider's stock valued at $260,770,000 after acquiring an additional 2,788,611 shares during the period. 68.41% of the stock is owned by institutional investors and hedge funds.

Brookfield Asset Management Stock Performance

NYSE:BAM traded down $0.24 during trading hours on Friday, hitting $57.55. The company's stock had a trading volume of 591,459 shares, compared to its average volume of 860,143. The business's 50-day moving average is $53.27 and its two-hundred day moving average is $45.17. The company has a market capitalization of $24.15 billion, a PE ratio of 50.93, a PEG ratio of 2.36 and a beta of 1.41. Brookfield Asset Management Ltd. has a 52-week low of $35.46 and a 52-week high of $58.53.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last released its quarterly earnings data 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. The firm had revenue of $1.12 billion during the quarter, compared to analysts' expectations 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 prior year, the business posted $0.35 earnings per share. As a group, analysts predict that Brookfield Asset Management Ltd. will post 1.47 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.64%. The ex-dividend date is Friday, November 29th. Brookfield Asset Management's dividend payout ratio (DPR) is 134.51%.

Analyst Ratings Changes

BAM has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their price objective on Brookfield Asset Management from $44.00 to $49.00 and gave the company an "underperform" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price target on Brookfield Asset Management from $56.00 to $59.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. BMO Capital Markets upped their price target on Brookfield Asset Management from $40.00 to $50.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 5th. StockNews.com upgraded Brookfield Asset Management from a "sell" rating to a "hold" rating in a research note on Thursday, November 21st. Finally, Scotiabank upped their price target on Brookfield Asset Management from $55.50 to $59.50 and gave the stock a "sector outperform" rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus 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.