Brookfield Asset Management Ltd. (NYSE:BAM) Shares Purchased by Bruni J V & Co. Co.

Bruni J V & Co. Co. boosted its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 387,634 shares of the financial services provider’s stock after buying an additional 1,695 shares during the period. Brookfield Asset Management accounts for 1.9% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 24th largest position. Bruni J V & Co. Co.’s holdings in Brookfield Asset Management were worth $15,571,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA grew its position in Brookfield Asset Management by 180.4% in the third quarter. Private Trust Co. NA now owns 1,057 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 680 shares during the period. Bfsg LLC acquired a new position in Brookfield Asset Management during the fourth quarter worth $51,000. Signaturefd LLC grew its stake in shares of Brookfield Asset Management by 106.4% in the third quarter. Signaturefd LLC now owns 1,482 shares of the financial services provider’s stock valued at $49,000 after buying an additional 764 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake 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 purchasing an additional 500 shares during the period. Finally, CWM LLC grew its holdings in shares of Brookfield Asset Management by 48.5% in the third quarter. CWM LLC now owns 1,959 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 640 shares in the last quarter. 68.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BAM shares. TD Securities reduced their price objective on Brookfield Asset Management from $52.00 to $49.00 and set an “action list buy” rating on the stock in a research note on Tuesday, January 9th. CIBC upped 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 note on Monday, January 29th. HSBC downgraded shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Royal Bank of Canada lifted their price objective on shares of Brookfield Asset Management from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, BMO Capital Markets increased their target price on Brookfield Asset Management from $34.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Brookfield Asset Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.20.

Brookfield Asset Management Trading Up 1.9 %

Shares of Brookfield Asset Management stock traded up $0.73 during trading on Friday, reaching $39.70. The company’s stock had a trading volume of 846,582 shares, compared to its average volume of 1,430,485. Brookfield Asset Management Ltd. has a fifty-two week low of $28.35 and a fifty-two week high of $43.00. The firm has a market cap of $16.40 billion, a PE ratio of 35.13, a P/E/G ratio of 1.53 and a beta of 1.68. The company has a 50-day moving average price of $40.88 and a two-hundred day moving average price of $37.82.

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 for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Brookfield Asset Management had a return on equity of 96.43% and a net margin of 50.23%. The company had revenue of $1.13 billion during the quarter. During the same period in the previous year, the business posted $0.31 earnings per share. On average, analysts predict that Brookfield Asset Management Ltd. will post 1.49 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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 an increase from Brookfield Asset Management’s previous quarterly dividend of $0.32. Brookfield Asset Management’s dividend payout ratio is presently 134.51%.

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.