Brookfield Asset Management Ltd. (NYSE:BAM) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Brookfield has a consensus analyst rating of "Hold" from 18 analysts (2 sell / 8 hold / 7 buy / 1 strong buy) with an average 1‑year target of $61.82 versus the recent share price around $43.93, and institutional investors own about 68.41% of the stock.
• Brookfield raised its quarterly dividend to $0.5025 (annualized $2.01), producing a 4.6% yield, but the dividend payout ratio is high at 132.24%.
• In the latest quarter Brookfield reported EPS of $0.47 (beat the $0.41 consensus) on $1.39B revenue (roughly in line), and showed strong profitability metrics (ROE 29.81%, net margin 51.59%).

Brookfield Asset Management Ltd. (NYSE:BAM - Get Free Report) TSE: BAM.A has earned a consensus rating of "Hold" from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $61.8235.

Several research analysts have recently issued reports on BAM shares. Royal Bank Of Canada set a $74.00 price target on Brookfield Asset Management and gave the stock an "outperform" rating in a research note on Monday, December 15th. Loop Capital set a $60.00 price target on Brookfield Asset Management in a research note on Tuesday, January 6th. Piper Sandler cut their price target on Brookfield Asset Management from $53.00 to $48.00 and set a "neutral" rating for the company in a research note on Tuesday. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Brookfield Asset Management in a research note on Monday, December 22nd. Finally, JPMorgan Chase & Co. lifted their price target on Brookfield Asset Management from $68.00 to $72.00 and gave the stock a "neutral" rating in a research note on Thursday, February 5th.

Brookfield Asset Management Trading Down 0.7%

NYSE:BAM opened at $43.93 on Wednesday. The company has a market capitalization of $71.96 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 1.57 and a beta of 1.38. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.05. Brookfield Asset Management has a 52-week low of $41.78 and a 52-week high of $64.10. The stock has a fifty day simple moving average of $47.17 and a 200-day simple moving average of $51.53.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last released its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.40 billion. Brookfield Asset Management had a return on equity of 29.81% and a net margin of 51.59%. On average, equities research analysts expect that Brookfield Asset Management will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 27th were given a dividend of $0.5025 per share. The ex-dividend date was Friday, February 27th. This represents a $2.01 dividend on an annualized basis and a yield of 4.6%. This is a boost from Brookfield Asset Management's previous quarterly dividend of $0.44. Brookfield Asset Management's dividend payout ratio (DPR) is 132.24%.

Institutional Trading of Brookfield Asset Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BAM. Norges Bank purchased a new stake in Brookfield Asset Management during the 4th quarter worth about $263,444,000. Northwestern Mutual Wealth Management Co. increased its position in Brookfield Asset Management by 88,805.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,725,314 shares of the financial services provider's stock worth $247,559,000 after purchasing an additional 4,719,999 shares in the last quarter. State Street Corp increased its position in Brookfield Asset Management by 11,172.2% during the 2nd quarter. State Street Corp now owns 3,524,700 shares of the financial services provider's stock worth $194,845,000 after purchasing an additional 3,493,431 shares in the last quarter. GFI Investment Counsel Ltd. purchased a new stake in Brookfield Asset Management during the 4th quarter worth about $182,090,000. Finally, CIBC Asset Management Inc increased its position in Brookfield Asset Management by 99.1% during the 4th quarter. CIBC Asset Management Inc now owns 4,853,861 shares of the financial services provider's stock worth $255,449,000 after purchasing an additional 2,415,593 shares in the last quarter. Hedge funds and other institutional investors own 68.41% of the company's stock.

About Brookfield Asset Management

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company's products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.

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