XTX Topco Ltd Purchases 18,289 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

XTX Topco Ltd boosted its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 290.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,584 shares of the financial services provider's stock after buying an additional 18,289 shares during the quarter. XTX Topco Ltd's holdings in Brookfield Asset Management were worth $1,163,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cetera Advisors LLC purchased a new stake in shares of Brookfield Asset Management during the 1st quarter worth approximately $209,000. CWM LLC grew its holdings in Brookfield Asset Management by 12.2% during the second quarter. CWM LLC now owns 2,448 shares of the financial services provider's stock valued at $93,000 after purchasing an additional 267 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Brookfield Asset Management by 330.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 37,925 shares of the financial services provider's stock valued at $1,443,000 after purchasing an additional 29,111 shares during the period. Capital Advisors Wealth Management LLC bought a new position in shares of Brookfield Asset Management in the second quarter worth $539,000. Finally, AlphaMark Advisors LLC bought a new position in shares of Brookfield Asset Management in the second quarter worth $302,000. Hedge funds and other institutional investors own 68.41% of the company's stock.

Brookfield Asset Management Stock Down 0.3 %

Shares of BAM traded down $0.15 during trading hours on Tuesday, hitting $57.25. The company had a trading volume of 624,835 shares, compared to its average volume of 1,245,517. The firm has a market cap of $24.02 billion, a P/E ratio of 50.66, a P/E/G ratio of 2.37 and a beta of 1.41. The stock's 50 day moving average price is $53.47 and its 200 day moving average price is $45.34. Brookfield Asset Management Ltd. has a 52-week low of $35.65 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 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $0.35 earnings per share. On average, research analysts expect that Brookfield Asset Management Ltd. will post 1.47 EPS for the current fiscal year.

Brookfield Asset Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.66%. Brookfield Asset Management's payout ratio is presently 134.51%.

Analysts Set New Price Targets

BAM has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on Brookfield Asset Management from $48.00 to $51.00 and gave the stock an "underweight" rating in a report on Tuesday, November 5th. Royal Bank of Canada raised their price target on Brookfield Asset Management from $55.00 to $68.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. The Goldman Sachs Group raised their price target on Brookfield Asset Management from $57.00 to $63.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. StockNews.com raised Brookfield Asset Management from a "sell" rating to a "hold" rating in a report on Thursday, November 21st. Finally, Bank of America raised their price target on Brookfield Asset Management from $41.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Brookfield Asset Management has a consensus rating of "Hold" and an average target price 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.