APG Asset Management N.V. Takes $11.70 Million Position in Brookfield Asset Management Ltd. (NYSE:BAM)

APG Asset Management N.V. purchased a new stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 223,500 shares of the financial services provider's stock, valued at approximately $11,700,000. APG Asset Management N.V. owned 0.05% of Brookfield Asset Management at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Brookfield Asset Management during the 4th quarter worth $287,361,000. William Blair Investment Management LLC bought a new stake in Brookfield Asset Management in the 4th quarter worth $204,169,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Brookfield Asset Management by 103.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,997,157 shares of the financial services provider's stock valued at $216,507,000 after purchasing an additional 2,031,995 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in Brookfield Asset Management during the fourth quarter valued at approximately $94,122,000. Finally, TD Asset Management Inc. raised its stake in Brookfield Asset Management by 8.9% during the fourth quarter. TD Asset Management Inc. now owns 16,664,426 shares of the financial services provider's stock valued at $903,323,000 after purchasing an additional 1,359,126 shares in the last quarter. Institutional investors own 68.41% of the company's stock.

Brookfield Asset Management Stock Performance

Shares of NYSE BAM traded down $0.49 during midday trading on Wednesday, reaching $48.24. The stock had a trading volume of 230,521 shares, compared to its average volume of 1,442,950. The company's 50 day moving average price is $51.52 and its 200 day moving average price is $53.60. Brookfield Asset Management Ltd. has a twelve month low of $37.29 and a twelve month high of $62.61. The firm has a market cap of $78.98 billion, a price-to-earnings ratio of 36.55, a price-to-earnings-growth ratio of 1.92 and a beta of 1.63.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. Brookfield Asset Management had a net margin of 54.47% and a return on equity of 81.16%. Equities analysts forecast that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a $0.4375 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from Brookfield Asset Management's previous quarterly dividend of $0.38. This represents a $1.75 dividend on an annualized basis and a yield of 3.63%. Brookfield Asset Management's dividend payout ratio (DPR) is currently 132.58%.

Analyst Ratings Changes

BAM has been the topic of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Brookfield Asset Management from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. CIBC increased their target price on Brookfield Asset Management from $63.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. BMO Capital Markets raised their price objective on Brookfield Asset Management from $50.00 to $53.00 and gave the company a "market perform" rating in a research note on Thursday, February 13th. TD Securities upped their target price on shares of Brookfield Asset Management from $64.00 to $66.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Finally, StockNews.com raised shares of Brookfield Asset Management from a "sell" rating to a "hold" rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $57.15.

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.