C WorldWide Group Holding A S Sells 1,915 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

C WorldWide Group Holding A S lowered its holdings in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,769 shares of the financial services provider’s stock after selling 1,915 shares during the period. C WorldWide Group Holding A S’s holdings in Brookfield Asset Management were worth $1,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its position in Brookfield Asset Management by 127.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 62,914 shares of the financial services provider’s stock worth $2,537,000 after acquiring an additional 35,300 shares during the period. America First Investment Advisors LLC lifted its position in shares of Brookfield Asset Management by 107.3% in the 3rd quarter. America First Investment Advisors LLC now owns 338,692 shares of the financial services provider’s stock worth $11,292,000 after purchasing an additional 175,316 shares during the period. Vanguard Group Inc. lifted its position in shares of Brookfield Asset Management by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 10,402,885 shares of the financial services provider’s stock valued at $346,832,000 after acquiring an additional 120,714 shares during the period. Envestnet Asset Management Inc. increased its stake in Brookfield Asset Management by 55.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 364,179 shares of the financial services provider’s stock valued at $12,145,000 after purchasing an additional 129,907 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Brookfield Asset Management by 0.7% in the 3rd quarter. Invesco Ltd. now owns 1,594,743 shares of the financial services provider’s stock worth $53,169,000 after acquiring an additional 11,416 shares in the last quarter. Institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Trading Up 1.9 %

Shares of BAM stock traded up $0.73 on Friday, reaching $39.70. 846,582 shares of the stock were exchanged, compared to its average volume of 1,430,485. The business’s 50 day moving average price is $40.88 and its 200 day moving average price is $37.79. The company has a market capitalization of $16.40 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 1.50 and a beta of 1.68. Brookfield Asset Management Ltd. has a twelve month low of $28.35 and a twelve month high of $43.00.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $1.13 billion during the quarter. Brookfield Asset Management had a net margin of 50.23% and a return on equity of 96.43%. During the same period in the previous year, the company posted $0.31 earnings per share. Equities research analysts forecast that Brookfield Asset Management Ltd. will post 1.49 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.52 dividend on an annualized basis and a yield of 3.83%. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.32. Brookfield Asset Management’s dividend payout ratio (DPR) is 134.51%.

Analyst Ratings Changes

BAM has been the topic of several recent research reports. Scotiabank upped their price objective on shares of Brookfield Asset Management from $46.50 to $47.00 and gave the company a “sector outperform” rating in a report on Thursday, February 8th. TD Securities cut their price target on Brookfield Asset Management from $52.00 to $49.00 and set an “action list buy” rating for the company in a research note on Tuesday, January 9th. Royal Bank of Canada lifted their price objective on Brookfield Asset Management from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. CIBC boosted their price target on Brookfield Asset Management from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Finally, HSBC cut Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $42.20.

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.