Broad Run Investment Management LLC Decreases Stock Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Broad Run Investment Management LLC decreased its holdings in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 12.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 470,687 shares of the financial services provider's stock after selling 64,474 shares during the quarter. Brookfield Asset Management accounts for about 3.5% of Broad Run Investment Management LLC's holdings, making the stock its 14th biggest holding. Broad Run Investment Management LLC owned about 0.11% of Brookfield Asset Management worth $25,507,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BAM. Truvestments Capital LLC grew its stake in shares of Brookfield Asset Management by 487.2% in the fourth quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider's stock worth $27,000 after acquiring an additional 419 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in Brookfield Asset Management during the 4th quarter worth $32,000. Versant Capital Management Inc raised its position in Brookfield Asset Management by 1,606.3% in the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 771 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Brookfield Asset Management by 61.0% in the 4th quarter. NewEdge Advisors LLC now owns 858 shares of the financial services provider's stock valued at $47,000 after buying an additional 325 shares during the period. Finally, Redwood Park Advisors LLC purchased a new position in shares of Brookfield Asset Management in the 4th quarter valued at about $64,000. Institutional investors and hedge funds own 68.41% of the company's stock.

Analysts Set New Price Targets

BAM has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of Brookfield Asset Management from $57.00 to $56.00 and set an "underperform" rating on the stock in a 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 company a "market perform" rating in a research note on Thursday, February 13th. HSBC upgraded Brookfield Asset Management from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Bank of America raised Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 price target for the company in a report on Thursday, April 10th. Finally, TD Securities reduced their price objective on shares of Brookfield Asset Management from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $57.00.

Brookfield Asset Management Price Performance

Shares of BAM stock traded up $1.67 during midday trading on Friday, hitting $54.91. The company had a trading volume of 1,009,180 shares, compared to its average volume of 1,427,493. The stock has a market cap of $89.90 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 1.92 and a beta of 1.63. The company's 50 day simple moving average is $49.71 and its 200 day simple moving average is $53.83. Brookfield Asset Management Ltd. has a 52-week low of $37.29 and a 52-week high of $62.61.

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

Brookfield Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a $0.4375 dividend. This is a boost from Brookfield Asset Management's previous quarterly dividend of $0.38. This represents a $1.75 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Asset Management's dividend payout ratio (DPR) is currently 132.58%.

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.