3,767,650 Shares in Brookfield Asset Management Ltd. (NYSE:BAM) Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC bought a new position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,767,650 shares of the financial services provider's stock, valued at approximately $204,169,000. William Blair Investment Management LLC owned about 0.85% of Brookfield Asset Management at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BAM. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Brookfield Asset Management by 103.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,997,157 shares of the financial services provider's stock valued at $216,507,000 after purchasing an additional 2,031,995 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in Brookfield Asset Management during the 4th quarter valued at about $94,122,000. Segall Bryant & Hamill LLC bought a new stake in shares of Brookfield Asset Management during the 3rd quarter worth about $19,075,000. Proficio Capital Partners LLC lifted its stake in shares of Brookfield Asset Management by 5,331.6% in the 4th quarter. Proficio Capital Partners LLC now owns 351,205 shares of the financial services provider's stock worth $19,032,000 after acquiring an additional 344,739 shares during the period. Finally, Bamco Inc. NY lifted its stake in shares of Brookfield Asset Management by 31.5% in the 3rd quarter. Bamco Inc. NY now owns 1,100,435 shares of the financial services provider's stock worth $52,040,000 after acquiring an additional 263,532 shares during the period. Institutional investors and hedge funds own 68.41% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BAM shares. BMO Capital Markets upped their target price on Brookfield Asset Management from $50.00 to $53.00 and gave the stock a "market perform" rating in a research report on Thursday, February 13th. 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. UBS Group began coverage on Brookfield Asset Management in a report on Monday, December 16th. They set a "buy" rating on the stock. Keefe, Bruyette & Woods cut their price target on shares of Brookfield Asset Management from $57.00 to $56.00 and set an "underperform" rating for the company in a report on Monday, January 13th. Finally, The Goldman Sachs Group increased their target price 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. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $56.71.

Brookfield Asset Management Price Performance

Brookfield Asset Management stock traded up $1.36 during mid-day trading on Wednesday, hitting $49.84. The company's stock had a trading volume of 652,497 shares, compared to its average volume of 1,297,232. Brookfield Asset Management Ltd. has a 52-week low of $37.29 and a 52-week high of $62.61. The company has a market cap of $22.09 billion, a PE ratio of 37.85, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. The firm's 50 day moving average is $55.48 and its 200 day moving average is $53.18.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share (EPS) 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%. As a group, 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.4375 per share. This is a boost from Brookfield Asset Management's previous quarterly dividend of $0.38. This represents a $1.75 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Asset Management's payout ratio is currently 132.58%.

Brookfield Asset Management Company 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.