Barclays PLC Has $406,000 Stake in Brookfield Asset Management Ltd. (NYSE:BAM)

Barclays PLC lifted its stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 274.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,492 shares of the financial services provider's stock after purchasing an additional 5,489 shares during the period. Barclays PLC's holdings in Brookfield Asset Management were worth $406,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Truvestments Capital LLC boosted its position 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 valued at $27,000 after buying an additional 419 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new position in Brookfield Asset Management in the fourth quarter valued at about $32,000. Redwood Park Advisors LLC bought a new position in Brookfield Asset Management in the fourth quarter valued at about $64,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Brookfield Asset Management by 35.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider's stock worth $66,000 after purchasing an additional 319 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in 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 worth $76,000 after purchasing an additional 887 shares during the last quarter. Institutional investors own 68.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BAM shares. Morgan Stanley lowered 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. Scotiabank lifted 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. Keefe, Bruyette & Woods dropped their target price on shares of Brookfield Asset Management from $57.00 to $56.00 and set an "underperform" rating for the company in a research report on Monday, January 13th. BMO Capital Markets raised their price target on Brookfield Asset Management from $50.00 to $53.00 and gave the stock a "market perform" rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. upped their price objective on Brookfield Asset Management from $51.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $58.77.

Brookfield Asset Management Stock Performance

Shares of BAM stock opened at $56.35 on Friday. The company has a market capitalization of $92.26 billion, a P/E ratio of 42.69, a price-to-earnings-growth ratio of 1.92 and a beta of 1.56. Brookfield Asset Management Ltd. has a 52 week low of $37.29 and a 52 week high of $62.61. The company's 50 day moving average price is $49.67 and its two-hundred day moving average price is $54.03.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.40 EPS for the quarter, hitting analysts' consensus estimates of $0.40. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.29 billion. Brookfield Asset Management had a net margin of 54.47% and a return on equity of 81.16%. Analysts forecast that Brookfield Asset Management Ltd. will post 1.7 earnings per share 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 given a dividend of $0.4375 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.75 annualized dividend and a dividend yield of 3.11%. Brookfield Asset Management's dividend payout ratio is currently 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.

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