Bayesian Capital Management LP Has $407,000 Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Bayesian Capital Management LP lowered its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 78.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,511 shares of the financial services provider's stock after selling 27,789 shares during the period. Bayesian Capital Management LP's holdings in Brookfield Asset Management were worth $407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC grew its stake in shares of 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 purchasing an additional 419 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in Brookfield Asset Management in the fourth quarter valued at about $32,000. NewEdge Advisors LLC lifted its position in Brookfield Asset Management by 61.0% in the fourth quarter. NewEdge Advisors LLC now owns 858 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 325 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Brookfield Asset Management during the 4th quarter valued at approximately $54,000. Finally, Redwood Park Advisors LLC acquired a new stake in shares of Brookfield Asset Management during the 4th quarter valued at approximately $64,000. Institutional investors and hedge funds own 68.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on BAM shares. Scotiabank boosted their target price on Brookfield Asset Management from $58.00 to $59.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price objective on Brookfield Asset Management from $51.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Keefe, Bruyette & Woods cut their price objective on 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 upped their price objective on shares of Brookfield Asset Management from $50.00 to $53.00 and gave the company a "market perform" rating in a research report on Thursday, February 13th. Finally, Hsbc Global Res upgraded shares of Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $58.77.

Brookfield Asset Management Stock Performance

Shares of Brookfield Asset Management stock traded up $1.04 during trading on Tuesday, reaching $58.51. The company's stock had a trading volume of 530,527 shares, compared to its average volume of 1,371,478. The business's fifty day moving average price is $49.74 and its 200-day moving average price is $54.10. The firm has a market cap of $95.80 billion, a price-to-earnings ratio of 44.33, a price-to-earnings-growth ratio of 1.92 and a beta of 1.56. Brookfield Asset Management Ltd. has a one year low of $37.29 and a one year high of $62.61.

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

Brookfield Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a $0.4375 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.75 dividend on an annualized basis and a yield of 2.99%. Brookfield Asset Management's dividend payout ratio (DPR) is currently 124.11%.

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.