Brookfield Asset Management Ltd. (NYSE:BAM) Shares Bought by Barclays PLC

Barclays PLC increased its holdings in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 274.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,492 shares of the financial services provider's stock after buying an additional 5,489 shares during the quarter. Barclays PLC's holdings in Brookfield Asset Management were worth $406,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Truvestments Capital LLC increased its holdings in Brookfield Asset Management by 487.2% in the 4th quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider's stock worth $27,000 after buying an additional 419 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Brookfield Asset Management during the 4th quarter valued at about $32,000. Redwood Park Advisors LLC purchased a new stake in shares of Brookfield Asset Management during the 4th quarter valued at about $64,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Brookfield Asset Management by 35.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider's stock valued at $66,000 after purchasing an additional 319 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Brookfield Asset Management by 170.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,406 shares of the financial services provider's stock valued at $76,000 after purchasing an additional 887 shares during the last quarter. 68.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on BAM. Morgan Stanley reduced their price target on shares of Brookfield Asset Management from $62.00 to $50.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Bank of America raised shares of Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 target price for the company in a report on Thursday, April 10th. Scotiabank increased their target price on shares of Brookfield Asset Management from $58.00 to $59.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. BMO Capital Markets increased their target price on shares of Brookfield Asset Management from $50.00 to $53.00 and gave the stock a "market perform" rating in a report on Thursday, February 13th. Finally, StockNews.com raised shares of Brookfield Asset Management from a "sell" rating to a "hold" rating in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Brookfield Asset Management has a consensus rating of "Moderate Buy" and an average price target of $58.77.

Brookfield Asset Management Price Performance

NYSE:BAM traded up $0.24 during midday trading on Thursday, hitting $59.16. The company's stock had a trading volume of 432,433 shares, compared to its average volume of 1,368,682. Brookfield Asset Management Ltd. has a fifty-two week low of $37.29 and a fifty-two week high of $62.61. The firm's 50 day moving average is $50.11 and its 200-day moving average is $54.16. The firm has a market cap of $96.86 billion, a P/E ratio of 44.79, a P/E/G ratio of 1.92 and a beta of 1.56.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.29 billion. Brookfield Asset Management had a net margin of 54.47% and a return on equity of 81.16%. As a group, analysts forecast that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.4375 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 2.96%. Brookfield Asset Management's payout ratio is 124.11%.

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.