Brookfield Asset Management Ltd. (NYSE:BAM) Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC cut its position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 50.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,516 shares of the financial services provider’s stock after selling 59,004 shares during the period. Motley Fool Asset Management LLC’s holdings in Brookfield Asset Management were worth $2,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Jackson Hole Capital Partners LLC lifted its position in Brookfield Asset Management by 3.1% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 9,770 shares of the financial services provider’s stock worth $392,000 after buying an additional 291 shares in the last quarter. Blue Fin Capital Inc. lifted its position in Brookfield Asset Management by 2.0% during the third quarter. Blue Fin Capital Inc. now owns 22,173 shares of the financial services provider’s stock worth $739,000 after buying an additional 425 shares in the last quarter. Procyon Advisors LLC lifted its position in Brookfield Asset Management by 5.9% during the fourth quarter. Procyon Advisors LLC now owns 8,291 shares of the financial services provider’s stock worth $333,000 after buying an additional 461 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Brookfield Asset Management by 39.6% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,764 shares of the financial services provider’s stock worth $59,000 after buying an additional 500 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Brookfield Asset Management by 3.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 17,372 shares of the financial services provider’s stock worth $579,000 after buying an additional 545 shares in the last quarter. 68.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BAM. HSBC downgraded Brookfield Asset Management from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Scotiabank lifted their target price on Brookfield Asset Management from $46.50 to $47.00 and gave the company a “sector outperform” rating in a research report on Thursday, February 8th. TD Securities reduced their target price on Brookfield Asset Management from $52.00 to $49.00 and set an “action list buy” rating on the stock in a research report on Tuesday, January 9th. Royal Bank of Canada lifted their target price 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. Finally, CIBC lifted their target price on Brookfield Asset Management from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Brookfield Asset Management currently has an average rating of “Moderate Buy” and an average price target of $42.20.

Brookfield Asset Management Price Performance

Shares of BAM stock traded up $0.73 on Friday, hitting $39.70. The stock had a trading volume of 837,993 shares, compared to its average volume of 1,169,569. The firm has a market capitalization of $16.40 billion, a P/E ratio of 35.13, a P/E/G ratio of 1.51 and a beta of 1.68. Brookfield Asset Management Ltd. has a 1 year low of $28.35 and a 1 year high of $43.00. The company’s 50 day moving average price is $40.88 and its 200-day moving average price is $37.79.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $1.13 billion for the quarter. Brookfield Asset Management had a return on equity of 96.43% and a net margin of 50.23%. During the same quarter in the prior year, the firm posted $0.31 EPS. On average, equities analysts forecast that Brookfield Asset Management Ltd. will post 1.49 EPS for the current year.

Brookfield Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Wednesday, February 28th. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.32. Brookfield Asset Management’s payout ratio is currently 134.51%.

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.