Brokerages Set Brookfield Asset Management Ltd. (NYSE:BAM) Price Target at $57.15

Brookfield Asset Management Ltd. (NYSE:BAM - Get Free Report) TSE: BAM.A has received a consensus rating of "Moderate Buy" from the sixteen analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $57.15.

Several research firms have weighed in on BAM. TD Securities increased their target price on Brookfield Asset Management from $64.00 to $66.00 and gave the company a "buy" rating in a research note on Monday, February 10th. HSBC raised shares of Brookfield Asset Management from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. 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. Morgan Stanley decreased 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 report on Monday, April 14th. Finally, Keefe, Bruyette & Woods dropped their price objective on Brookfield Asset Management from $57.00 to $56.00 and set an "underperform" rating on the stock in a research note on Monday, January 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BAM. ST Germain D J Co. Inc. bought a new stake in shares of Brookfield Asset Management during the 1st quarter worth approximately $26,000. Truvestments Capital LLC raised its stake in shares of Brookfield Asset Management by 487.2% during the 4th quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider's stock worth $27,000 after purchasing an additional 419 shares in the last quarter. Rossby Financial LCC bought a new stake in shares of Brookfield Asset Management during the 1st quarter worth approximately $28,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Brookfield Asset Management during the 4th quarter worth approximately $32,000. Finally, Versant Capital Management Inc raised its stake in shares of Brookfield Asset Management by 1,606.3% during the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock worth $44,000 after purchasing an additional 771 shares in the last quarter. 68.41% of the stock is currently owned by institutional investors.

Brookfield Asset Management Stock Up 0.7 %

BAM stock traded up $0.35 during midday trading on Wednesday, reaching $53.30. The stock had a trading volume of 1,651,093 shares, compared to its average volume of 1,439,819. Brookfield Asset Management has a twelve month low of $37.29 and a twelve month high of $62.61. The firm has a market cap of $87.27 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 1.92 and a beta of 1.63. The business has a fifty day simple moving average of $50.04 and a two-hundred day simple moving average of $53.80.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share 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%. On average, equities analysts predict that Brookfield Asset Management will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $0.4375 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.75 dividend on an annualized basis and a yield of 3.28%. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. Brookfield Asset Management's dividend payout ratio is 132.58%.

Brookfield Asset Management Company 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.