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

Motley Fool Wealth Management LLC decreased its position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 1.0% in the 4th quarter, HoldingsChannel reports. The firm owned 102,050 shares of the financial services provider’s stock after selling 981 shares during the period. Motley Fool Wealth Management LLC’s holdings in Brookfield Asset Management were worth $4,086,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Jackson Hole Capital Partners LLC raised its stake in Brookfield Asset Management by 3.1% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 9,770 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 291 shares during the last quarter. Procyon Advisors LLC increased its stake in shares of Brookfield Asset Management by 5.9% during the 4th quarter. Procyon Advisors LLC now owns 8,291 shares of the financial services provider’s stock valued at $333,000 after acquiring an additional 461 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Brookfield Asset Management by 39.6% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,764 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 500 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Brookfield Asset Management by 3.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 17,372 shares of the financial services provider’s stock valued at $579,000 after acquiring an additional 545 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Brookfield Asset Management by 1.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 36,293 shares of the financial services provider’s stock valued at $1,185,000 after acquiring an additional 617 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Royal Bank of Canada upped their price objective on shares of Brookfield Asset Management from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. HSBC downgraded shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. 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 research note on Thursday, February 8th. TD Securities dropped their target price on shares of Brookfield Asset Management from $52.00 to $49.00 and set an “action list buy” rating for the company in a research report on Tuesday, January 9th. Finally, CIBC increased their target price on shares of Brookfield Asset Management from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Brookfield Asset Management presently has a consensus rating of “Moderate Buy” and an average price target of $42.20.

Brookfield Asset Management Price Performance

NYSE BAM traded up $0.73 on Friday, reaching $39.70. The company had a trading volume of 846,582 shares, compared to its average volume of 1,430,485. The firm has a market capitalization of $16.40 billion, a PE ratio of 35.13, a P/E/G ratio of 1.50 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 firm has a 50-day moving average of $40.88 and a 200-day moving average of $37.79.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $1.13 billion during 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 company earned $0.31 EPS. As a group, sell-side analysts expect that Brookfield Asset Management Ltd. will post 1.49 EPS for the current fiscal year.

Brookfield Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.38 per share. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Wednesday, February 28th. Brookfield Asset Management’s dividend payout ratio is 134.51%.

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.